Risks of the business community is a group of risks that reflects the impact on the public management system of internal factors of entrepreneurial structures.
Such as the quality of products produced, the lack of markets, incorrect price policies, inefficiency in the use of capital, lack (lack) of state support, lack of fixed and working capital, as well as other factors.
These risks affect both the entire internal structure of the elements of the system under study and the associated risks and factors of their occurrence.
Business community risks are divided into:
- risk of breakage, lack of fixed assets;
- risk of lack of working capital;
- risk of lack of highly qualified personnel;
- risk of investment, borrowed and equity capital;
- risk of lack of markets;
- price policy risk;
- risk of lack of state support;
- risk of transportation and storage of products;
- product quality risk;
- other risks associated with the activities of business entities.
Indicators of identification of this risk group are:
- cost price;
- scope of implementation;
- quality indicators of products;
- quantity and degree of depreciation of fixed assets;
- working capital;
- structure and ratio of equity, borrowed and attracted capital;
- level of personnel qualification;
- indicators of conditions of realization, storage and transportation;
- many other measures of business performance.
Ways to evaluate business community risks:
- product quality monitoring;
- comprehensive performance analysis, including capital efficiency;
- control of physical and moral depreciation of fixed assets;
- assessing the reliability of counterparties;
- conducting marketing research of markets, advertising, pricing policy and logistics system;
- assessment of staff qualifications;
- analysis of areas of state support;
- other modern means of assessing and monitoring the activities of business entities.
Methods of managing business community risks:
- implementation of R&D results;
- progressive depreciation policy;
- careful selection of counterparties;
- creation of a marketing service and a quality control department;
- motivation of staff, ensuring their favorable working conditions and wages, systematic professional development;
- ensuring a sustainable ratio of capital;
- constant search for "cheap" capital;
- participation in various government support programmes;
- finding and implementing modern methods of planning, forecasting, budgeting and monitoring;
- creation of reserve funds;
- insurance, etc.