The main types of risks and their impact on the competitiveness of dairy enterprises

Abstract

The article proves that most economic decisions are taken by entrepreneurs under uncertainty and risk due to the lack of information, high competition, changes in the environment, and sometimes even with incorrect action of managers. It is considered the necessity to take into account sectoral factor, because the level of risk, types of risks and their influence depend precisely on industry factors and business features. The article examines risk factors of domestic milk processing enterprises. The authors identified a set of economic risks that most significantly affect the operation of dairy enterprises. Resource and manufactural risks as well as risks in the marketing activity are analyzed. The necessity of risk assessment, forecasting and managing is proved. All these measures give us an opportunity to be competitive and offer high-quality dairy products to the customers.