Abstract
If we could identify a business risk in advance and solve it easily, business would probably lose its main charm. Risk is one of the essential components of business.
Only proper identification of risks, their measurement - evaluation and selection of an effective method of reduction are not enough to improve risk management; It is necessary to develop an optimal organizational structure, develop an organizational culture and properly manage the risk management control process. In developed countries, almost all large and medium-sized organizations have a special link in the management system. "Risk Management Center", (Corporate governance) which helps accountable entities assess risks, develop and implement manipulation measures.
The researches have proved that in some cases it is still strange to the Georgian business reality to take measures to evaluate risks and ways of their solution, which in some cases raises problems that lead to crucial results. Bankruptcy of foreign enterprises is not strange for the Georgian market, because in most cases they are unprepared to take risks and fail to take measures to solve them. Possible risks should be identified at an early stage of business formation to avoid unintended consequences.
Modern tendencies show that it is desirable for companies to have a risk management service whose function will be to identify the expected risks, evaluate and offer anti-risk measures to managers. It is such companies that will show fewer losses from crisis.