Risk management in family businesses.

Abstract

The article deals with the scientific, practical and methodological approaches to determining the sustainability assessment and risk management of family business enterprises on the example of family farms in Vinnytsia region. Indicators of assessment of the stability of the family business enterprise are proposed, it is suggested to use the method of points calculated by the matrix method in stages. Such an assessment will help to evaluate the proposed concept of family-sustainability of the enterprise, which includes: family harmony, family wealth, growth of human capital of the family, development of the next generations, reputation of the family in society.

Particularly noteworthy is the fact that any family business enterprise, using the proposed methodology for assessing sustainability, is able to independently make appropriate calculations and determine the place of the enterprise in the market of goods and services, to make analysis and conclusions aimed at improving their activities.

The use of risk mitigation or risk mitigation tools is a high degree of alternative to the decisions taken to manage the risks of the activities of family businesses by designing measures to reduce the level of risk of their activities, formed on the basis of the conditions of operation of the enterprise and its capabilities, allow to take the utmost account of the impact of internal and external factors to the level of development in the process of neutralizing their negative effects of risks.