The risk analysis strategy of the uncertainty in the transport sector

• Published in: E3S web of conferences 2023-01, Vol.460, p.4002
• Main Authors: Izvarina, Nataliya, Soboleva, Olga
• Format: Article
• Language: English
• ISSN: 2267-1242; 2267-1242
• DOI: 10.1051/e3sconf/202346004002

The limitedness of the available resources in transport companies determines the necessity of rationally using their potential. To formulate a development strategy, management, participants and shareholders of business units are to use strategic analysis to assess the risks and uncertainties inherent in transport companies. The risk analysis strategy provides to formulate the best development model in the field of possible alternatives using the business goals and objectives, and implement a list of appropriate activities. The key management human resources are interested in choosing a strategic position of the company that is acceptable for its functioning in the current and strategic perspective. The risk management forms such strategic foundation and decisions of participants and shareholders. This paper proposes the use of the strategic analysis concept in the transport sector companies. The developed concept is based on the principles of forming a company's strategy in the context of a risk factor and using a model for the implementation of long-term plans. The circular process of the strategic risk analysis under conditions of uncertainty must reduce the divide between desired goals and obtained results. The strategy considers requests of the transport sector companies in operating uncertainty process.