RISK MANAGEMENT IN THE MODERN ERA: PROBLEMS AND SOLUTIONS

Abstract

Risk management has become an essential aspect of strategic planning in various industries due to the increasing complexity and uncertainty in the modern world. This paper explores contemporary challenges in risk management, including financial risks, cybersecurity threats, environmental concerns, and operational uncertainties. Additionally, it evaluates effective solutions and strategies to mitigate these risks, such as the integration of advanced technologies, data-driven decision-making and adaptive risk assessment frameworks. The study highlights the importance of a proactive approach, continuous monitoring, and regulatory compliance to enhance resilience against potential risks. By adopting innovative strategies, organizations can ensure sustainability, stability, and long-term success in an unpredictable environment.