Classification of operational and legal risks and their impact on the activities of an organization
https://doi.org/10.35854/1998-1627-2022-8-794-801
Abstract
Aim. The presented study aims to categorize the key operational and legal risks of organizations in the productive and non-productive sectors of the economy and to assess their correlation with other types of risks.
Tasks. The authors investigate and systematize the types of operational and legal risks in various business sectors; analyze the causes of risks in companies; substantiate ways and methods of minimizing these risks; identify the most effective methods of mitigating risks and assess their variability in modern economic conditions.
Methods. This study uses general scientific research methods, including the method of dubious analysis. Systematization of theoretical research and investigation of regulatory documents are used to specify various types of operational and legal risks and to assess their impact on the operating efficiency of organizations.
Results. Operational and legal risks are systematized; the key risks are identified and the level of threat from their realization is substantiated; the most effective methods of managing these types of risks in modern economic conditions are described.
Conclusions. The impact of the negative consequences of realization of operational and legal risks typical for current business operations as factors directly affecting the efficiency of economic activity is determined. The impact of legal and operational risks on the business activities of an organization is assessed and ways to improve its efficiency are identified as one of the tools of business process management. Analysis of approaches to the definition of operational risk and methods of its minimization indicates that the need to find new ways of neutralizing threats is undeniable in the context of changing norms and rules of economic life.
About the Author
N. V. Panasenko
St. Petersburg University of Management Technologies and Economics
Russian Federation
Russian Federation
Natal'ya V. Panasenko, postgraduate student, Head of Legal Department
44A Lermontovskiy Ave., St. Petersburg 190103
References
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Review
For citations:
Panasenko N.V. Classification of operational and legal risks and their impact on the activities of an organization. Economics and Management. 2022;28(8):794-801. (In Russ.) https://doi.org/10.35854/1998-1627-2022-8-794-801
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