Наукові статті

Developing Strategies for Adapting Business Processes to Climate Change: Minimizing Risks in the Context of Global Climate Challenges

Чичуліна, К.В.

Extreme weather occurrences are on the rise due to the current worldwide trend of climate change. These modifications have the potential to seriously harm infrastructure, making it impossible for it to function. This article aims to create a plan for lowering risks and adjusting corporate procedures to climate change. Analysis, synthesis, induction, deduction, systemic, legal, systemic-analytical, and systemic-structural procedures were among the techniques used in the study. The study focuses on how firms may adapt to climate change, stressing the value of proactive planning and knowledge of particular climate hazards. Through the utilization of a methodical structure, the approach facilitates the incorporation of current data and adjusts to evolving socioeconomic circumstances. The results show that, especially when it comes to the ambiguity around the scope of climate change and its effects, a strategy for adjusting business operations to climate change and reducing related risks aids in determining the necessary adaptation solutions. Crucially, after putting the suggested steps into place, the adaption method developed in this study may be successfully incorporated into enterprise management procedures, providing qualitative benefits in improving the stability of certain business processes. The study emphasizes that one essential feature of corporate organizations is flexibility. Thus, they must align with their entrepreneurial objectives and have the flexibility to quickly adjust to shifting external circumstances to guarantee their efficient operation and growth. When selecting actions to carry out the change strategy for risk reduction and climate change, it is crucial to incorporate an evaluation process of the resources (finances, commodities) that are accessible as well as the resources (investments, innovations) required for the execution of the adaptation plan.

English

2024-12

adaptation strategy

The Grassroots Institute, Montreal, Canada

Developing Strategies for Adapting Business Processes to Climate Change: Minimizing Risks in the Context of Global Climate Challenges / I. Maksymova, V. Velhas, A. Tokunova, M. Pugachov, K. Chichulina // Grassroots Journal of Natural Resources. – 2024. – Vol. 7, iss. 3. – P. 594-616 (s290–s312).