of problems business has in Ukraine is due to the lack of monitoring systems and/or risk management.
Risk management is a rather complex but accurate system for forecasting the development of a situation or conflict, as well as a consistent algorithm for adjusting the direction of the situation depending on where the campaign wants to get (what is the final point). That is, the main difference between the standard way to avoid a crisis and the way using the method of risk management is that in the first option the company simply moves forward to the desired (expected) end, and in the second option the path and road map are laid opposite – from the end point of where we want to be) to the point where we are now.
Figuratively speaking, this is GPS navigation for business with the ability to accurately adjust the course: you know where there are traffic jams, blocked roads, as well as which route will lead you to your destination the fastest.
In addition, it is a highly effective mechanism for controlling existing threats or those that have not yet emerged (future or implicit).
Risk management, therefore, is undoubtedly one of the most essential tools of doing business for any company.