Management Decision-Making as a Mechanism for Reducing the Level of Global Risk and Its Redistribution

Abstract

Modern conditions of turbulence in the external economic environment require business structures not only to respond quickly to new challenges, but also to form scenario models of behaviour in order to maintain competitive market advantages based on an objective review of their own commercial potential and reserves. It is noteworthy that the internal risks of the business structure are the primary obstacle in the growth of the efficiency of the commercial structure and determine its level of profitability. The purpose of the research is to assess the factor of formation of biased management decisions and the features of their implementation as factors of reducing the manifestation of internal business risks. Indicated that the system of effective business management must always take into account the manifestation and pressure of internal risk due to a number of factors that cannot be accurately assessed. Modern methodology of project management and project management does not take into account the tool of biased decisions. Anti-crisis management is presented as a mandatory element of management knowledge. Therefore, the further development of management should focus on the adoption of biased management decisions and the development of mechanisms for their timely implementation.