CONCEPTUAL AND THEORETICAL FOUNDATIONS OF RISK MANAGEMENT IN MODERN INDUSTRIAL ORGANIZATIONS
Keywords:
risk management, industrial organizations, conceptual framework, enterprise risk management, uncertainty.Abstract
Modern industrial organizations operate in an environment characterized by technological complexity, market volatility, globalized supply chains, and increasing regulatory requirements. These conditions intensify uncertainty and expose enterprises to diverse categories of risk. This article examines the conceptual and theoretical foundations of risk management in modern industrial organizations. The study systematizes key theoretical approaches to risk management, including classical management theory, systems theory, decision-making theory, and institutional theory. Particular attention is paid to the evolution of risk management from a reactive control function to an integrated strategic management concept. The findings highlight that effective risk management in industrial organizations requires a holistic and proactive approach that aligns operational risk control with strategic objectives and long-term sustainability.
References
1. Aven, T. (2016). Risk assessment and risk management: Review of recent advances on their foundation. European Journal of Operational Research, 253(1), 1–13. https://doi.org/10.1016/j.ejor.2015.12.023
2. Bernstein, P. L. (1996). Against the gods: The remarkable story of risk. John Wiley & Sons.
3. Bromiley, P., McShane, M., Nair, A., & Rustambekov, E. (2015). Enterprise risk management: Review, critique, and research directions. Long Range Planning, 48(4), 265–276. https://doi.org/10.1016/j.lrp.2014.07.005
4. Maxmudov Shoxruxbek Asror O‘g‘li SANOAT KORXONALARIDA ISHLAB CHIQARISH RISKLARINI BOSHQARISH JARAYONLARINI MAMLAKAT IQTISODIYOTIGA TA’SIRINI BAHOLASH MASALALARI // Raqamli iqtisodiyot (Цифровая экономика). 2025. №10. URL: https://cyberleninka.ru/article/n/sanoat-korxonalarida-ishlab-chiqarish-risklarini-boshqarish-jarayonlarini-mamlakat-iqtisodiyotiga-ta-sirini-baholash-masalalari
5. Valijonov, N., & Makhmudov, S. (2025). YOUTH LEADERSHIP: AS A FACTOR IN INCREASING SOCIAL ACTIVITY. Modern Science and Research, 4(5), 55–57. Retrieved from https://inlibrary.uz/index.php/science-research/article/view/86927
6. Makhmudov Shokhrukhbek Asror Ugli, & Rakhimberdiev Khatamboy Dilshodjon Ugli. (2023). THE ROLE OF THE COPPER CLUSTER IN THE INNOVATIVE DEVELOPMENT OF ELECTRICAL ENGINEERING ENTERPRISES. International Journal Of Management And Economics Fundamental, 3(04), 24–31. https://doi.org/10.37547/ijmef/Volume03Issue04-04
7. Махмудова Н.Ж. СОВЕРШЕНСТВОВАНИЕ СИСТЕМЫ УПРАВЛЕНИЯ РИСКАМИ УСТОЙЧИВОГО РАЗВИТИЯ ПРОИЗВОДСТВЕННЫХ ПРЕДПРИЯТИЙ // Бюллетень науки и практики. 2022. №3. URL: https://cyberleninka.ru/article/n/sovershenstvovanie-sistemy-upravleniya-riskami-ustoychivogo-razvitiya-proizvodstvennyh-predpriyatiy
8. Makhmudova Nodirakhon Jumaboy Qizi. Comparative analysis of risk assessment methods and the effectiveness of risk factor management // Asian Journal of Multidimensional Research. 2022. Volume 11, Issue 10. Article DOI : 10.5958/2278-4853.2022.00272.5
9. MAHMUDOVA NODIRAKHON JUMABOY QIZI. (2021). PROBLEMS OF IMPROVING REFORMS TO IMPROVE THE BUSINESS ENVIRONMENT IN UZBEKISTAN. JournalNX - A Multidisciplinary Peer Reviewed Journal, 6(06), 710–715. Retrieved from https://repo.journalnx.com/index.php/nx/article/view/1338
10. Maxmudov , S. (2025). RISKNI SUG‘URTALASH ORQALI KORXONA FAOLIYATINI OPTIMALLASHTIRISH. GREEN ECONOMY AND DEVELOPMENT, 3(10). https://doi.org/10.5281/zenodo.17518791
