Risk management in the conditions of globalization

Abstract

The qualification work explores the theoretical and methodological foundations of risk management in the context of globalization. The state of risk management in the context of globalization in the company is explored. Directions for improving risk management in the context of globalization are proposed. Risk management is an important element of strategic management of any enterprise, because uncertainty and constant changes in the external environment require companies to constantly adapt and be prepared for unforeseen situations. Dangote Cement Plc demonstrates awareness of the importance of risk management by declaring an innovative and strategic approach. The company’s strengths, such as market leadership and revenue growth, allow it to invest aggressively in mitigating operational risks. In general, risk control and monitoring of sustainable development should be carried out at all stages of the management process. Information is updated each time, previous decisions are evaluated and checked, which leads to appropriate adjustments for making the next management decision.