MERICAN Journal of Public Diplomacy and International Studies www.
grnjournal.us of risks, it is advisable to consider from the perspective of risk owners, risk managers, as well as
internal and external factors that affect the likelihood and consequences of risk events.
As a result of the aggregation, private endogenous risks are classified according to the
classification groups specific to the respective business processes, risk types and risk owners. If
necessary, each group of aggregate business processes and risk owners can be subdivided into
separate business processes, which will make it possible to understand the specifics of the activity
of a particular entity, as well as make it possible to predict in detail the most risky business
processes and areas of responsibility of risk owners.
In conclusion, based on the selected types, it is possible to propose a classification of the
risks of economic activity. However, it should be noted that the use of this classification does not
solve the problem of risk management in general, since the classification is only one of the
elements of the risk management system. But despite this, the proposed classification, of course,
is not complete, but can be used both in solving scientific and methodological problems of studying
risks and managing them in economic activity, and in practice for a better understanding of the
nature of risks and management decisions in general.
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