“…Based on these surveys, certain conclusions concerning enhancing awareness and extending the knowledge of business owners and managers responsible for risk management processes were drawn up. It has been shown that the absence of risk management can be one of the main causes of entrepreneurial failure and loss of competitive advantage of enterprises in Slovakia (Hudáková & Lusková, 2016;Hudáková et al, 2017) In comparison with the situation abroad, the following conclusions were put forth: the benefits of introducing a risk management system in enterprises are not properly interpreted and understood, i.e. operational management of the problems that arise takes precedence over systemic preventive solutions, enterprise risks represent a significant problem in application, especially in the field of planning appropriate prevention measures to prevent or eliminate identified risks, a negative view of risk management in enterprises is caused in part due to incapability or, in fact, a feeling of powerlessness in the possibility of influencing risks (the whole risk management thus loses importance), the risk management system in the enterprise is, in terms of the terminology and its understanding in Slovakia, insufficiently elaborated upon and not shared or communicated further, the fragility of various risk management methodologies and standards, i.e.…”