Abstract
The article deals with issues related to the assessment of the economic security level taking into account the innovative activity of the enterprise. The relevance of the problem of increasing the degree of economic entities protection in modern conditions with high competition is reflected. The main components that form the economic security of the organization are listed, and their brief characteristics are given. Besides, the article presents the author's step-by-step procedure for assessing the economic security level. Special attention is paid to the impact of effective innovation on the economic security level of the enterprise. The mathematical calculation for determining the economic security level is shown in more detail on the example of the technical and technological direction of the enterprise, which involves active innovation. The resulting calculations prove the high impact of successful innovations on the economic security of an economic entity due to the priority of this area of activity, as well as the possibility of extracting a significant share of profit. Thus, the article proves the statement about the feasibility of evaluating the innovative potential of the enterprise, as well as analyzing the level of its compliance with the requirements of external and internal environments.
Highlights
The economic security of an enterprise is, first of all, the protection of its economic interests, on which further successful development depends
Financial and economic analysis serves as a tool for identifying existing problems and reserves of the organization, but does not provide a full assessment of the level of economic security; 3
Strengthening the innovative potential of the organization increases the level of economic security
Summary
The economic security of an enterprise is, first of all, the protection of its economic interests, on which further successful development depends. Financial and economic analysis of an enterprise is one of the tools used to ensure the security of an economic entity's activities This analysis helps to identify bottlenecks and opportunities, as well as existing and potential threats at the moment. The experience of conducting periodic financial and economic analysis allows us to form a base for improving the economic security system of the enterprise, while accumulating data on possible threats to activity and actions taken to eliminate them. Using the financial and economic analysis of the company's activities as the only tool for assessing the economic security level is insufficient In this issue, a systematic approach is needed to study the directions that affect the degree of protection of the economic entity functioning, and it is advisable to create and justify a set of indicators that will serve as criteria for the current state of the organization. Innovation activity in assessing the economic security level is one of the leading positions due to its growing priority among state tasks, which, in turn, determines the relevance of this study
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