THE INDICATOR APPROACH TO ASSESSING THE ECONOMIC SECURITY OF ENTERPRISES

Abstract

In the conditions of market instability, competitive pressure, financial crises and other external and internal challenges, an important component of the stability and development of the enterprise is economic security, which is the subject of research in the article. It was found that the assessment of economic security helps to adapt to the existing conditions and gives the ability to quickly eliminate various threats, which ensures the stable operation of the enterprise. The study of literature sources revealed that there are many methods for assessing the economic security of enterprises, but one of the most effective is the indicator approach. This approach is based on the analysis and interpretation of a number of key indicators that allow determining the state of various areas of the enterprise. The indicator approach is a systematic approach to assessing economic security by analyzing a set of indicators that reflect the state of the enterprise in key areas of its activity. Indicators are quantitative indicators that characterize the state of individual spheres of the enterprise's functioning and allow to evaluate them as a whole. The indicator approach is universal and can be adapted to the specifics of various industries and enterprises. This makes it an effective tool for a wide range of enterprises, regardless of their size, structure or field of activity. The assessment of economic security through indicators allows enterprise managers to make more accurate and well-founded management decisions, which contributes to strengthening their resistance to external and internal challenges. The application of the indicator approach not only increases the sustainability of the enterprise in the short term, but also contributes to the development of long-term strategies that take into account both current and future risks. The indicator approach allows for a comprehensive and systematic assessment of the state of economic security and covers key aspects of the enterprise's activity - financial, production, personnel, legal and other areas. This provides a deep understanding of the current state of the enterprise and its vulnerabilities. Depending on the significance of the threats and the subjective preferences of the authors and the specifics of the industry, the choice and method of grouping indicators for assessing the level of economic security of the enterprise differ significantly.