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June 2025 (published: 05.06.2025)

Number 2(61)

Home > Issue > An approach to managing business risks in the context of sustainable development of an organization

UDC 33

An approach to managing business risks in the context of sustainable development of an organization

Kunin V.A. , Yulgushev А.M.

Article in Russian
Reference for citation: Kunin V.A., Yulgushev А.M. An approach to managing business risks in the context of sustainable development of an organization. Scientific journal NRU ITMO. Series «Economics and Environmental Management». 2025. № 2. Р. 52-71. DOI: 10.17586/2310-1172-2025-18-2-52-71.

Abstract. The mechanisms for identifying and assessing business risks have been studied and formalized. The goals, objectives, management impacts, criteria and methods for implementing these processes have been defined. The risk identification mechanism identifies and specifies methods for identifying the opinions of stakeholders and risk precursors. The risk assessment mechanism specifies and specifies methods aimed at assessing the consequences of increasing the probability of risk activation and the amount of damage it causes, as well as methods for analyzing dependencies and interactions of control tools and sources of dominant factors. The risk certification stage has been improved through the integration of visual dashboards and interactive control elements based on refined mechanisms for identifying and assessing business risks. Specific risks of sustainable development are identified and methods for their assessment are proposed. An approach to assessing the risk of reducing public attention to the problems of sustainable development is proposed based on the Bass diffusion model. An algorithm for managing business risks aimed at achieving sustainable development goals is proposed. The proposed algorithm is based on the integrated application of the identified management methods, proposed management impacts and the necessary information base.

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Keywords: algorithm for managing business risks, specific risks of sustainable development, mechanisms for identifying and assessing business risks, risk certification.

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DOI 10.17586/2310-1172-2025-18-2-52-71

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