SYSTEM OF STRATEGIC RISK MANAGEMENT FOR THE DEVELOPMENT OF YOUTH STARTUPS

Zoryna Yurynets; Rostyslav Yurynets

doi:10.36690/2674-5208-2022-4-65

Authors

Zoryna Yurynets Ivan Franko National University of Lviv https://orcid.org/0000-0001-9027-2349
Rostyslav Yurynets Lviv Polytechnic National University https://orcid.org/0000-0003-3231-8059

DOI:

https://doi.org/10.36690/2674-5208-2022-4-65

Keywords:

strategic, risk, management, development, youth startups, organization, business, value, support, organizational culture, strategic goals

Abstract

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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Author Biographies

Zoryna Yurynets, Ivan Franko National University of Lviv

Doctor of Science (Economics), Professor of Management Department, Ivan Franko Lviv national University

Rostyslav Yurynets, Lviv Polytechnic National University

Candidate of Physical and Mathematical Sciences, Associate Professor of the department of Information Systems and Networks of Lviv Polytechnic National University

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