STRATEGY FOR THE DEVELOPMENT OF FOREIGN ECONOMIC ACTIVITY IN THE OPERATIONS OF FFC

Svetlana  PASHKEVYCH

doi:10.36910/automash.v2i23.1519

Svetlana PASHKEVYCH Head of the Transport Technology and Technical Service Department, National University of Water and Environmental Engineering https://orcid.org/0000-0001-7667-8932

DOI: https://doi.org/10.36910/automash.v2i23.1519

Abstract

The article examines the risk management model in the foreign economic activity of enterprises, which is critically important in the context of globalization and economic integration. It is noted that the existence of risks is due to the unpredictability of changes in the socio-economic environment. Enterprises face numerous challenges that can significantly impact their operations, making effective risk assessment and management key elements of strategic planning.

The authors emphasize the importance of continuously updating risk management methods and models, including the implementation of cutting-edge technologies and mathematical models. The main stages of risk management are described: identification, assessment, planning, monitoring, and control. It is highlighted that adaptation to changes and the introduction of innovative approaches are necessary to ensure the competitiveness of enterprises in the modern world. The article aims to provide practical recommendations for enterprises regarding effective risk management in their foreign economic activities.

Keywords: management model; risk management; foreign economic operations.