Year: 2023 | Month: December | Volume 68 | Issue 4
Risk Management Strategy for International Investment Projects of an Innovative Enterprise in the Context of Industry 4.0
Yingxue Duan
Olena Shuplat
Viktoriia Matsuka
Svitlana Lukash
Maryna Horbashevska and Liudmyla Kyslova
DOI:10.46852/0424-2513.4.2023.16
Abstract:
Highlights
- The rise of Industry 4.0 and the introduction of cutting-edge technologies have necessitated the development of a more flexible and timely risk management approach, particularly for international investment projects, as traditional risk management methods like PERT and SWOT have become less effective in this context.
- An integrated strategic risk management model designed for innovative enterprises operating within the framework of Industry 4.0 should exhibit characteristics of flexibility, adaptability, and openness, allowing organizations to efficiently respond to rapidly evolving market dynamics while accommodating the complexities of the human element and ethical and social considerations.
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