SYSTEM OF STRATEGIC RISK MANAGEMENT FOR THE DEVELOPMENT OF YOUTH STARTUPS
Keywords:strategic, risk, management, development, youth startups, organization, business, value, support, organizational culture, strategic goals
The purpose of the article is to study the features of a system of strategic risk management for the development of youth startups. The startup's activity is accompanied by great risks that must be skillfully managed. Formation of the system of strategic risk management for the development of youth startups has the number of advantages, which are discussed in this article. The authors attempted to examine the different aspects, elements of system of strategic risk management for the development of youth startups. The main elements of the system of strategic risk management of youth startups are the top management and department heads, divisions and spheres of activity, information about startup risks, information about what currently creates value for a startup, normative, methodical support for the development of the program, plans and strategy, financial and personnel management, information technology, management consulting, analytical support, goals, tasks, principles, functions, organizational culture that supports the development of the strategic risk management system, risk management strategy and new drivers for startup value formation. The importance of identifying all types of risks that have an impact on the strategic development of startups is emphasized. Creating value for business is the starting point of the process of strategic risk management of the development of youth startups has been indicated. Barriers to the formation of a strategic risk management system for the development of young startups have been presented.
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