Ways to reduce the degree of economic risk

Abstract

The article notes that business management in the modern era requires a comprehensive solution of many problems caused by both external and internal factors. The main external factors include the dynamism of the macroeconomic situation, the growing influence of the processes taking place in the international financial and economic sphere on the economy of Azerbaijan, increased competition in the domestic market, as well as uncertainty in the legal sphere of business management. One of the internal factors of uncertainty for entrepreneurs is the lack of complete information about both the current state and the prospects for business development. In such a situation, a new approach to business management is required. The demand for information 
management system is growing. In a modern market economy, information management is necessary not only to assess the current situation, but also to predict changes that will occur in the external and internal environment in the near future.