Теоретичні та прикладні питання економіки. Збірник наукових праць.
Випуск 2 (51)
УДК 658.155:339.9
JEL F23, G32, M21
ORCID ID: 0000-0002-2112-4745
ORCID ID: 0000-0003-4540-3455
ORCID ID: 0000-0002-6112-8265
ORCID ID: 0000-0001-6962-2463
DOI https://doi.org/10.17721/tppe.2025.51.15
Mostenska T.L.
D. Sc. (Economics), Professor,
National University of Life and Environmental Sciences of Ukraine
Skopenko N. S.
D. Sc. (Economics), Professor,
National University of Food Technologies
Severyna I.V.
PhD in economics,
Associate Professor
Taras Shevchenko National University of Kyiv
Mostenska T.G.
PhD in economics,
Associate Professor
FTL KAI
THEORETICAL AND METHODOLOGICAL FOUNDATIONS OF RISK MANAGEMENT IN THE FOREIGN ECONOMIC ACTIVITY OF ENTERPRISES
The article substantiates the theoretical and methodological foundations of risk management in the foreign economic activities of enterprises under conditions of increasing uncertainty, volatility, and turbulence in the external environment. It identifies the distinctive features of risk manifestation in international operations, which arise from exchange rate fluctuations, modifications in customs and tax legislation, political instability, and global market dynamics. The study emphasizes that effective risk management has become a decisive determinant of enterprise resilience, adaptability, and sustainable development in the sphere of foreign trade.
The evolution of scientific approaches to risk management is examined – from classical concepts oriented toward risk avoidance and loss minimization to contemporary integrated and strategic frameworks emphasizing the proactive identification and mitigation of potential threats. The principles of risk management formulated in the international standard ISO 31000:2018 are systematized, with an analysis of their potential adaptation to the specific operating conditions of Ukrainian enterprises participating in the global market. The research generalizes the content and structure of the risk management process, encompassing the identification of risk sources and factors, assessment, monitoring, and the formulation of response measures based on the prioritization of risks and the optimization of available resources.
Particular attention is devoted to differentiating between proactive and reactive approaches to risk management and to elucidating their respective roles in ensuring business continuity, enhancing competitiveness, and maintaining strategic stability in international markets. The authors propose an integrated conceptual framework for developing an enterprise risk management system in foreign economic activity, combining the principles of systematization, adaptability, and strategic coherence.
The research results have both theoretical and applied significance, contributing to the improvement of managerial decision-making mechanisms, the development of corporate risk culture, and the enhancement of tools for assessing and minimizing risks in the international operations of enterprises across various sectors of the economy.
Keywords: risk management, foreign economic activity, risk assessment, proactive management, reactive management.
Full Text: PDF
DOI: https://doi.org/10.17721/tppe.2025.51.15