Entrepreneurial Risks: Essence, Classification and Management Opportunities

Abstract

The article is dedicated to studying the methodological essence of entrepreneurial risks and developing methods of their classification. The possibilities of managing the state, occurrence areas and entrepreneurial risks consequences have been determined. It has been proposed to define entrepreneurial risk as the danger of unforeseen losses of expected profit, income or property, funds in connection with a random change in the conditions of economic activity and adverse circumstances. An original approach to the entrepreneurial risks classification has been developed, which is based on the sources of their formation, on the one hand, and the types of risks arising from each of the proposed sources, on the other. A detailed substantiation and determination of the methodological essence of political, technical-technological, industrial, commercial, financial, sectoral, innovative and intellectual risks, which are inherent to entrepreneurial activity to the greatest extent, has been carried out.