Revue internationale des sciences économiques et de gestion

The Risk-oriented Management in the Russian Economics: Regarding a Company and a Region

Abstract

Karanina Elena Valerievna and Loginov Dmitry Alekseevitch

The factors determining management risks are studied in this paper both at levels of a company and the whole region in the Russian economy. Arguments indicating the common risk management of a company and a region are stipulated herein. Their main premise is that as a single company, and the whole region entrepreneurship complex affected by common factors. At the same time the effectiveness of the company risk management provides the result of the management of the whole regional economy development. The necessity of this analytical approach in the risk management as the creation of a risk system, allowing considering the risks relevant to individual enterprises and the whole region is grounded. Conditions for the practical use of the productive and effective universal process of risk accounting and assessment in the financial activity and the management of the region economic development are stipulated. The base risk system of business entities in the region is offered.