Risk management procedures as a component of the managerial system of corporate foreign economic activity

Abstract

The paper proves the need for researching the subset of risk management as an integral element of foreign economic activity management of domestic enterprises. It defines the agent and subject of management behavior in the process of implementing foreign economic operations. The author gives her suggestions concerning making a list and sequence of implementing risk management procedures and also recommendations concerning practical implementation of these procedures on certain stages of initial cooperation with foreign counterparts and taking decisions as for concluding a foreign economic contract.