FEATURES OF ENTERPRISE ECONOMIC SECURITY MANAGEMENT

Abstract

In the conditions of modern economic development, the role and importance of economic security of the enterprise is increasing. The changes in the contemporary economy are characterized by a significantly high share of crisis factors and an unbalanced political environment, reinforcing a high percentage of business criminalization. In many of these facts, it is more important than ever to competently study and improve approaches to maintaining the economic security of the enterprise’s economic activity. Absolutely any entrepreneurial activity is associated with unforeseen threats and risks. This circumstance requires business structures to have a specific activity management policy to increase economic security. The financial security of an enterprise can be defined as a state in which it can sovereignly, without interference and pressure from outside, determine the ways and forms of its economic development. The category of economic security is closely related to the categories of economic stability and independence. The object of economic security at the enterprise level is the financial turnover of costs and revenues, goods (works, services), and resources. It is impossible to create a universal system of economic security in practice since each enterprise acts according to its standards and takes its place in the market of goods and services. To effectively ensure economic security, the enterprise needs to define a management algorithm that would allow for a timely assessment of risks and to determine the vector of further management decisions. The actual formation and functioning of the mechanism for ensuring the economic security of the enterprise represent a complex process of interaction and mutual influence of the components. Therefore, the exchange and mutual influence of the elements are carried out by many combinations of different configurations of these variables. The formation of the mechanism is ensured by making management decisions, forming unified information fields, conducting analytical and forecasting work, performing several economic calculations, and evaluating their results. All actions are carried out internally to ensure the enterprise’s economic security. Keywords: security, enterprise, economy, management, threats.