Introduction • Risk management definitions, theoretical background

introduce national products to 
world markets under the label 
Made in Uzbekistan.

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Artel products
From the second half of 2012
develop technical tools Launched:
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TVs;
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Washing machine;
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Refrigerators;
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Mobile phones;
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Laptops
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Home appliances
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and many household and technical appliances

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Characteristic of the risk management 
process, strategy in an Artel company
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Artel's management system ? 

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Frankly, Artel, founded in 2011, was a high-risk 
business. South Korea, China and Russia have 
already taken over the Uzbek market, a major 
producer of technology and home appliances
It was a huge risk that Artel would enter the 
market dominated by Samsung Redmi and 
Iphone products.

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Being from Uzbekistan, I would like to tell 
you about the management style of Artel, 
which I witnessed, based on specific facts: 
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Artel was one of the first in Uzbekistan to 
introduce a strategy for lending its products.

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•
It was also a big risk to lend products and 
receive their payments from customers on a 
monthly basis.

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•
Artel now has branches in all cities of