Methodological Approaches to Risk Management in Event Organization (Case Study of the Hospitality Industry)

Abstract

The article discusses the unique features of implementing methodological approaches to risk management in event organization (event management risks). It provides an examination of the theoretical foundations of event management, outlining and summarizing the main tasks and principles of event organization within the event industry. The paper highlights the position of risk management within the event management system, underlining its role in enhancing event competitiveness and efficiency. Common event management risks are categorized and structured based on several general and specific classification criteria. The article also details approaches to managing these risks, particularly in relation to the hospitality and restaurant industries. The study proposes a comprehensive integration of risk management approaches into a single methodological framework, with a systematic algorithm designed for applying this approach in event organization.