The conceptual basis of financial management in the sphere of ensuring the economic security of the enterprise

Abstract

The study considers the relevance of the problem of ensuring the economic security of the enterprise by means of financial management. The purpose of the article is to substantiate the theoretical and methodological foundations of financial management tools in the field of ensuring the economic security of the enterprise. It has been proven that new developments in the field of financial management, which relate to ensuring the economic security of enterprises, are also relevant from the standpoint of quality management of business security. It was established that the interrelationships, influences, as well as management tools for ensuring the economic security of enterprises by means of financial management are still not fully developed. The dominant areas (directions) and the sequence of formation of the general financial strategy for ensuring the economic security of the enterprise are determined. The main stages of the process of strategy development and implementation for ensuring the economic security of the enterprise have been developed. It is shown that strategic planning is the process of realizing goals for a certain period and directions of the enterprise's activities, and the development of enterprise strategies is a complex and long-term process, considering the constant reassessment and periodic verification of the selected goals, while analyzing the state of the enterprise's activity environment. The scientific novelty of the research results is that it is proven that the economic security of the enterprise is achieved by conducting a balanced financial and economic policy in accordance with the doctrines, concepts, strategies, and programs adopted in the established order in political, economic, social, information – which are, in fact, financial spheres. Its content is designed to coordinate actions in the field of ensuring the security of the business entity. Without a well-founded concept of financial management in the field of economic security management, it is impossible to hope for effective and safe development of the enterprise. The applied value of the research results is that the correct combination of the influence of individual factors of the external and internal financial and economic environment makes it possible to differentiate possible strategic directions for the development of the enterprise's economic security system, considering its strategic position. Therefore, considering the possibilities of the strategic position, the formulation of strategic goals and the justification of relevant strategic decisions regarding financial management in the field of managing the economic security of the enterprise are carried out. Keywords: financial management, enterprise management, economic security, enterprise finance, conceptual foundations