THE BALANCED INDICATORS SYSTEM IN THE RISK MANAGEMENT
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DOI: http://doi.org/10.31617/visnik.knute.2018(122)06
UDC 338.124
FEDULOVA Iryna,
DSc (Economics), Professor,
Professor of Department of Management,
Kiev National University of Trade and Economics
19, Kyoto str., Kyiv, 02156, Ukraine
E-mail:
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ORCID ID: https://orcid.org/0000-0002-8802-137X
THE BALANCED INDICATORS SYSTEM IN THE RISK MANAGEMENT
The possibilities of mutual use of concepts of a balanced system of indicators and risks management for ensuring effective strategic development of enterprises are explored. Comparison of the processes of constructing a balanced system of indicators and risk management system is carried out, their main similarities and differences are determined. The analysis of the differences and similarities between key performance indicators (KPI) and key risk indicators (KRI) in the process of performing their functions, respectively, in a balanced system of indicators and risk management. The relationship of approaches to the formation of KPI and KRI is determined. The methodical principles of an effective combination of managerial concepts of a balanced system of indicators and risk management have been developed.
Keywords: balanced indicator system, risk management, key performance indicators, key risk indicators, risk appetite.
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