Abstract

The article is devoted to the monitoring segment in modeling the level of financial security of a modern entrepreneurial entity, attention is drawn to the content of the problems that motivate change. The economic and mathematical model “Monitoring and correcting segment” with establishment of principles of its adaptation is offered in scientific development. The author’s vision of the stages of implementation of economic-mathematical models (EMM) with detailing the actions of performers is given. The components of the five-factor model of criteria for assessing the level of financial security of entrepreneurial entities are identified and the coefficient of the monitoring and correcting segment is proposed, which provides the formation of information flow for management decisions based on the updated database. To improve the quality of management decisions in the field of financial security, a scale for assessing the level of deviations according to the criterion of the monitoring and correcting segment has been developed for entrepreneurial entities. The expediency of introduction of the offered changes in system of an estimation of financial safety of entrepreneurial entities is proved, and the directions of the further researches are established.

Highlights

  • Modernity proves that the entities of the entrepreneurial sector of the economy suffer from uncertainty in solving problems caused by the influence of negative factors on their activities

  • Modernity proves that there is an urgent problem of changing approaches to the development of financial security for entrepreneurial entities in Ukraine. This statement emerges from the following: every year, domestic entrepreneurial entities lose their share of business, which is accompanied by a significant reduction in jobs and a decrease in the level of tax payments to the state budget; the number of negative factors that affect the development of the enterprise in Ukraine is constantly increasing; the effectiveness of existing financial security systems for small and medium-sized businesses is low, and as a result, it is almost impossible to predict future developments for a selected entrepreneur; adaptation of scientific developments on innovative segments of business development in the field of entrepreneurship is almost absent due to the lack of own financial resources and significant interest rates on borrowed resources, etc

  • We propose to adapt the economic-mathematical model "Monitoring and correcting segment"

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Summary

Introduction

Modernity proves that the entities of the entrepreneurial sector of the economy suffer from uncertainty in solving problems caused by the influence of negative factors on their activities. Such factors can be called many as they arise from existing global problems. The time has come when it is necessary to reconsider the system of financial security of business structures, but first of all, to turn to scientific developments, methods of economic and mathematical modeling, innovative approaches to management decisions, and to provide the possibility of implementing own initiatives based on existing business experience Taken together, such measures should change the situation for the better, but without effective monitoring of the implementation of the planned changes, the effectiveness will not have a full return on investment. The control of each stage of the financial security system will allow the entrepreneurial entity to timely adapt innovations with the level of greatest utility for their own business

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