CONCEPT AND MODEL OF RISK-CONTROLLING MECHANISM FOR PRODUCTION ENTERPRISE ECONOMIC SUSTAINABILITY MANAGEMENT
Svilen V. Simeonov
ABSTRACT The risk-controlling is a management concept which can be considered as information-analytical and methodical insure of the management at risk. The great uncertainty which is present in the functionality of the Bulgarian enterprises and the low risk-management application makes the issue of risk-controlling relevant to the current problems. The information-analytical and methodical insure of the management at risk provides a more rigorous application of risk control. The current empirical studies show good results of the application of risk-controlling as an efficiency increase mechanism for economic management sustainability of manufacturing enterprises in an undefined environment. In the presented paper an implementation of risk-controlling in the management systems of the Bulgarian enterprises is presented. This implementation serves as a base for the development of a concept model of risk-controlling mechanism for economic sustainability management. The verification results for the mathematical model if the risk-controlling mechanism are presented.
Keywords: controlling, economical sustainability, risk, risk-controlling, management