APPROACHES TO MANAGING INNOVATIVE RISKS OF INDUSTRIAL COMPANIES

Abstract

The article reviewed the literature, which made it possible to identify groups of industrial companies in terms of sustainability and sensitivity to innovation risks. The conducted cluster analysis made it possible to single out four groups of Russian industrial companies according to the level of stability and sensitivity to innovation risks: leaders, innovators, conservatives and low-performing companies.A study was also conducted to identify the level of risk appetite and the level of risk management culture for each cluster of industrial companies in terms of sustainability and sensitivity to innovative risks. As part of the study, approaches to risk management were identified for each cluster of industrial companies in terms of the level of sustainability and sensitivity to innovative risks. The article proposes measures to improve the risk management system of industrial companies. These activities will ensure the continuous development of industrial companies and increase their level of competitiveness.