Optimization of Operational and Financial Risks of Conducting Business Activities Under the Conditions of Changes and Sustainable Development

Abstract

Risk is one of the main elements of any type of company's activity, which should be taken into account when planning its development. It is impossible to completely eliminate risks from commercial activities, particularly, while the economic climate is changing. In addition, the company's management cannot always successfully get out of risky situations, which can lead to negative consequences. This is precisely why the issue of optimizing operational and financial risks is given primary attention in the economic literature nowadays. The purpose of the academic paper is to highlight in the scientific literature the main trends of work on optimizing operational and financial risks of management both under conditions of changes and during the company's sustainable development, as well as establish the main practical aspects of the issue outlined. In the course of the research, an analytical and bibliographic method was used to study the scientific literature on the optimization of operational and financial risks in enterprise management. At the same time, induction, deduction, analysis, synthesis of information, system-structural, comparative, logical-linguistic methods, abstraction, and idealization were applied to study and process data. The research authors also conducted a questionnaire in online mode to clarify practically the most important issues related to risk management under conditions of changes and sustainable development. Based on the research results, the principal and most significant theoretical aspects of optimizing business operational and financial risks have been singled out, as well as the standpoints of enterprises' heads regarding the key aspects of this issue have been investigated.