Strategic management of economic security of enterprises

Abstract

The article considers the concepts of "strategic management", "economic security," and "management of economic security of enterprises". It is determined that the economic security of an enterprise is a profound concept. In its most general form, it can be characterized as the absence of threats and risks. Strategic management is generalized, and the definition of this concept is proposed. Strategic management is the process of developing, implementing, and monitoring a strategy or a long-term action plan of an enterprise to achieve its primary goals and objectives. This process involves analyzing the external environment, internal resources, and capabilities of an enterprise to develop a strategy that will allow it to succeed in the market or achieve its critical strategic goals. It is analyzed that the formation of strategic management of economic security of an enterprise should be based on certain strategic principles. Such principles include systematic construction, integration with the general enterprise management system, focus on the strategic goals of enterprise development, complex nature of management decisions, high level of management dynamics, variability of approaches to the development of individual management decisions, adequacy of response to specific threats to economic interests, adaptability of the emerging economic security system, effectiveness of management decisions, legality of management decisions. It is determined that proper strategic management of the economic security of an enterprise shows that an enterprise, being in a situation of uncertainty, unpredictability, and changes in both internal and external business conditions, makes risky decisions in a highly competitive environment, seeks to prevent, mitigate, or protect against existing or projected dangers of threats or risks, which ensures the achievement of its business goals. At the same time, the company's resources are used not only to prevent risks and threats but primarily to achieve the primary business goals. Keywords: strategy, strategic management, enterprise, economic security, management of economic security of an enterprise, threats, risks.