FORMATION OF BUSINESS RESILIENCE OF AN ENTERPRISE THROUGH THE APPLICATION OF ADAPTIVE FINANCIAL RISK AND CRISIS MANAGEMENT SYSTEMS IN THE CONDITIONS OF A CIRCULAR ECONOMY

Abstract

The relevance of the topic of our article is due to the sharp increase in the variability of the external environment, resource constraints and the accelerated transition to circular economy models, in which value is formed through the extension of the product life cycle, reuse, repairability and restoration of material flows. The purpose of the article is to substantiate the process of forming business sustainability of an enterprise in the conditions of a circular economy through the application of adaptive financial risk and crisis management systems. The object of the study is the processes and mechanisms for ensuring business sustainability of an enterprise through the combination of economic and environmental results in financial planning and control. The integrated concept of forming the business resilience of an enterprise in a circular economy by introducing adaptive financial risk and crisis management systems is substantiated. The specifics of the risk profile for circular models are determined. The feasibility of using adaptive financial risk and crisis management systems lies in their ability to learn from the data flow, promptly update assumptions and scenarios, and combine quantitative methods with strategic management expertise. It is established that the integration of economic and environmental metrics into financial planning increases the security potential of the enterprise, stabilizes cash flows, reduces losses from returns and defects, optimizes inventories, and expands access to green financing tools. It is proven that for small and medium-sized businesses, adaptive systems compensate for resource limitations due to the speed of data learning and the flexibility of management interventions. The requirements for a management system of adaptive impact are characterized. The practical significance is manifested in increasing creditworthiness, reducing the cost of capital, strengthening reputational reliability and unifying management decisions in conditions of high market uncertainty.