scholarly journals MANAGEMENT OF FINANCIAL AND ECONOMIC SECURITY OF THE ENTERPRISE (ON THE EXAMPLE OF ALTAIR + LLC)

2020 ◽  
Vol 11 (87) ◽  
Author(s):  
Leonid Katranzhy ◽  
◽  
Kateryna Novik ◽  
Keyword(s):  
Performance Indicators ◽  
Financial Stability ◽  
Scientific Literature ◽  
External Environment ◽  
Integrated Approach ◽  
Economic Security ◽  
Huge Number ◽  
Definition Of ◽  
High Level ◽  
Important System

The theoretical bases of essence of management of financial and economic safety of the enterprise are investigated. It is noted that in the scientific literature there is a huge number of opinions on the essence of the concept of financial and economic security, which is quite new in domestic economics. It is established that financial and economic security is an important system for ensuring the resilience of the enterprise to the changing external environment, and therefore consists of many effectively interconnected elements. The high level of financial and economic security of the enterprise is due only to a well-thought-out concept that operates at a particular enterprise and includes means, measures and methods to ensure financial stability and economic development of the enterprise. The process of managing the financial and economic security of the enterprise is divided into several successive stages: clear definition of the interests of the enterprise, forecasting possible threats, assessing the level of financial and economic security of the enterprise and comparing it with the normative, budgeting of financial and economic security, feedback in the implementation of measures by adjusting them. It is revealed that the integrated approach in the assessment of the level of financial and economic security of the enterprise is the most acceptable for domestic enterprises due to the coverage of a large number of important performance indicators in one integrated indicator. We have improved the method of assessing the level of financial and economic security of the enterprise, proposed by scientists N.V. Bondarchuk and M. Humenchuk, in accordance with the specifics of the activities of Altair + LLC. Along with the financial gaps, which these scientists propose to analyze in the process of assessing the financial and economic security of the enterprise, we proposed to analyze the technical, organizational, personnel and integration characteristics. It has been proved that the improved methodology is effective and allows to objectively assess the financial and economic security of Altair + LLC, as well as to identify reserves for improving the company.

scholarly journals ECONOMIC SECURITY OF PRIVATE ENTERPRISES

2018 ◽  
Vol 2018 (9) ◽  
pp. 60-73
Author(s):  
Hanna BLAKYTA ◽  
◽  
Viktoriia MELNYK ◽  
Olena PURDENKO ◽  
Keyword(s):  
Financial Stability ◽  
High Efficiency ◽  
Legal Protection ◽  
Developed Countries ◽  
Economic Security ◽  
The State ◽  
Private Enterprises ◽  
Main Components ◽  
Definition Of ◽  
High Level

The article is devoted to the definition of the essential characteristics of economic security of private enterprises and its main components; it is proposed to expand the main structural elements of the system of economic security of private enterprises. The main functional objectives of economic security are: ensuring the high financial efficiency of work, financial stability and independence of private enterprises on a industry scale; ensuring technological independence and achieving the high competitiveness of the technical potential of small business enterprises; achievement of high efficiency of management; achievement of a high level of personnel qualification and its intellectual potential; Minimizing the devastating impact of the results of industrial and economic activity on the state of the environment; qualitative legal protection of all aspects of the activity of private enterprises, etc. It is proposed to consider the system of economic security of private enterprises as an integral set of subjects and objects of security, an environment that ensures their interaction and purposeful activity in the internal and external environment in relation to countering threats, protection of economic interests and, in general, creation of safe conditions for functioning at the planned level indicators. Attention is drawn to European experience and standards in the field of business security, but to take into account the fact that private enterprises of Ukraine are forced to operate in more difficult and dangerous conditions than in developed countries, therefore, during the period of the current stage of reforms in the sphere of private entrepreneurship, it is recommended to introduce normative and legal base which would fine-tune the peculiarities of functioning of private enterprises and create favourable conditions for the emergence of the economic crisis in order to create a reserve of strength in the event of unforeseen circumstances, as private enterprises are a significant component of the economic security of the state.

The main components of comprehensive support economic security of wholesale enterprises

2021 ◽  
pp. 76-85
Author(s):  
Oleksandr Kuchmieiev
Keyword(s):  
Risk Management ◽  
Research Methods ◽  
Scientific Literature ◽  
External Environment ◽  
Economic Security ◽  
The Internet ◽  
Internal Environment ◽  
Wholesale Trade ◽  
Conceptual Apparatus ◽  
Main Components

The aim of the article is to analyze the state of risk management in wholesale enterprises, identify gaps and shortcomings, identify the main components of comprehensive economic security of wholesale enterprises. The methodology of the survey. The following research methods were used to solve the research tasks: analytical for studying and analyzing the scientific literature of the problem, regulations, official websites on the Internet, as well as analysis of functions, methods and technologies of integrated economic security of wholesale enterprises; generalizations for defining the conceptual apparatus of research, formulation of theoretical and practical approaches and conclusions; modeling in order to develop an algorithm for planning work on risk management in wholesale enterprises; observation of the functioning of wholesale trade enter- prises in modern realities, etc. The scientific novelty of the work is to develop an algorithm for planning work on risk management in wholesale enterprises. Conclusion. The article reveals the procedure for studying the destabilizing fac- tors and opportunities of the internal and external environment of the wholesale enterprise, in particular: first it is proposed to determine the factors of external and internal environment that affect the company and will affect it in the stra- tegic period; then gather information about these factors; further evaluate the

scholarly journals Resource justification of the financial security of Russian industrial organizations

2020 ◽  
Vol 8 (3) ◽  
pp. 21-25
Author(s):  
Oksana Ivanova
Keyword(s):  
Industrial Production ◽  
Financial Stability ◽  
Financial Risk ◽  
Economic Security ◽  
Financial Security ◽  
Data Set ◽  
Current Time ◽  
Industrial Organizations ◽  
Definition Of ◽  
Integral Assessment

One of the components of the positions of strengthening the competitiveness and financial independence of Russian industrial organizations is the definition of interrelated compositions in the context of the national and economic security of the country. Verification of the information flow of a data set is to a large extent a tool base for determining key facts in the event of challenges and threats. Therefore, the main goal of the work is to build an information base and mathematically determine the relationship between individual indicators to establish the level of financial security of Russian industrial production. Dialectical research methods determine the fundamental foundations of the issue being disclosed. The proposed methodology for the integral assessment of financial security reflects individual positions in the system of assessing financial risk and combines both positive and negative features of the development of industrial production. As a result of the multi-criteria assessment and the calculated integral indicator, the article singles out groups for assessing the financial risk of industrial organizations, which is the basis for assessing the competitiveness and financial stability both at the current time and in the forecast future.

scholarly journals Banking system of the country: Elements, functions and potential in ensuring economic growth

2020 ◽  
Vol 23 (10) ◽  
pp. 54-67
Author(s):  
Marta Barna ◽  
Nadiya Ruschyshyn
Keyword(s):  
Economic Growth ◽  
Financial Services ◽  
Financial Stability ◽  
Structural Changes ◽  
Banking System ◽  
Structural Features ◽  
Economic Security ◽  
Original Position ◽  
Institutional Economic ◽  
Definition Of

The banking system plays an important role in the development and functioning of the country’s economy. The purpose of the study was to investigate and summarise the content of the banking system, considering its elements, functions, and potential for economic growth. During the research the following methods were used: theoretical generalisation, system approach, abstract-logical, and logical-analytical. The study examines the statements of scientists on the definition of the banking system from the standpoint of its legal basis and content. The composition of the elements of the banking system is considered in view of the objectively existing integration processes. It was emphasised that it is appropriate to consider the aspect of globalisation when generalising the essential, as well as the criterial features of the banking system. A study on the institutional and institutional-economic approaches to the functioning and development of the banking system. It was determined that the banking system is a sphere of procurement of a number of financial services and through its functioning and development effective levers of regulation are acquired. The study noted the features of the banking system must include the parameters of liquidity and financial stability, sufficient capitalisation, profitability, protection from internal and external risks and threats, financial and economic security, adaptability to the global, and macroeconomic environment. It is advisable to consider such structural features as the ratio of internal and external banking capital, the ability to develop in accordance with modern requirements in terms of information technology progress, information society, and digitalisation of business communications in generalising the essential features of the banking system. Further clarification of the criteria of the banking system will make provision for their identification at the level of each of its elements. The functions of the banking system were identified and generalised. The composition of the applied approaches to the essence of the banking system were expanded and supplemented with structural, security, and strategic ones. The integration of existing and new views on the concept, structure, functions, and role of the banking system in the economy allowed to develop an original position on the content of the concept of the banking system. Structural changes in the country’s economy have a significant impact on the functioning of the banking system. This, in turn, requires the identification of priority areas for structural reform of both the economy as a whole and the banking system, which, in fact, will be the subject of further research

scholarly journals Managing the economic security of enterprises in coopetition

2021 ◽  
pp. 165-169
Author(s):  
R.H Snishchenko ◽  
L.M Krot
Keyword(s):  
Integrated Approach ◽  
Economic Security ◽  
Theoretical Research ◽  
Maximum Security ◽  
Functional Relations ◽  
Cooperative Enterprises ◽  
Business Structures ◽  
Legal Forms ◽  
Definition Of ◽  
The Given

Purpose. Formulation of the main conditions for the emergence of cooperatives, study of its features in the perspective of economic security of cooperative enterprises and its inherent specific risks, definition of basic measures to ensure economic security in the cooperative. Methodology. The study used general and special research methods: the method of critical analysis, scientific abstraction and generalization of scientific experience of modern theoretical research, system-integrated approach. Findings. From many economic factors, the main conditions for the emergence of coopetition are distinguished; its features are identified, which can significantly affect the level of economic security of cooperative enterprises. The existing organizational and legal forms of association of enterprises with different degrees of strength and development of structural and functional relations in the application of coopetition and their classification are studied. Specific risks of economic security of business activity at cooperative are defined. Based on the research, a list and content of the main measures to ensure economic security in the cooperative are formulated. Originality. The given definition of co-operation, in contrast to the existing ones, reveals its security essence as a strategy of coopetition, which allows optimal use of resource potentials of interdependent entities of consolidated management structures with respect to the acceptable level of their economic security. The features and specific risks of coopetition identified in the article in the perspective of economic security of cooperating enterprises allow adjusting the task of increasing the level of their protection, and contribute to the development of a strategy for maximum security of coopetition of interconnected business structures. Amethodological approach was further developed to choosing organizational and legal forms of establishing enterprises with different capacity and development of structural and functional links when applying cooperation. Practical value. Theoretical provisions of the study on specific risks and the content of the main measures to ensure economic security can be used in strategic and tactical planning of enterprises in coopetition.

scholarly journals METHODOLOGICAL PRINCIPLES OF EVALUATION OF INVESTMENT ATTRACTIVENESS OF THE ENTERPRISE

2019 ◽  
Vol 4 (5) ◽  
pp. 387
Author(s):  
Halyna Fyliuk ◽  
Kateryna Akulenko
Keyword(s):  
Financial Stability ◽  
General Structure ◽  
Complex Form ◽  
Economic Indicators ◽  
Visual Interpretation ◽  
Elementary Calculation ◽  
Graphical Integration ◽  
Innovative Potential ◽  
Definition Of ◽  
High Level

The purpose of the research is a complex of theoretical and applied provisions on the formation, evaluation, and improvement of the methodology of evaluation of the investment attractiveness of enterprises. Methodology. In the process of research, the following methods were used: methods of comparison, analysis and synthesis is used in determining the features of conceptual approaches to the concept of investment attractiveness of an enterprise and the formation of the author’s definition of this category; method of diagnostic evaluation is used in the evaluation of existing models for analysing the investment attractiveness of enterprises; method of expert evaluation is used for the building of flexible limits of levels of investment attractiveness of the enterprise; methods of system and structural analysis is used for developing the basic elements and the general structure of the model of interpretation of the method of graphical integration; the method of graphic integration is used within the construction of graphs of investment attractiveness of enterprises A and B. The aim of the study is to justify of the approach to create a model that can justify of the feasibility of investing and determine the factors and conditions of investment attractiveness of the enterprise for different participants of the investment process. The findings of the study. The results of the research suggested an improved definition of the concept of investment attractiveness of the enterprise, which took into account the following disadvantages of existing approaches to the present essence of the concept: the investment attractiveness of the enterprise is often associated with the system of financial and economic indicators of the activity of enterprise, while not taking into account also an important social and psychological factor, since the very name of the term “investment attractiveness of the enterprise” includes the social-psychological element in the form of the concept of “attractiveness”, which is widely used in economic literature; the subjective view of the potential investor on the fact that the object being considered for investing to satisfy the investor’s expectations regarding the economic or social effect is significant. This aspect is key in determining of concept of investment attractiveness of the enterprise, when choosing an investor of an enterprise to invest its capital for the purpose of investing; it is necessary to achieve consistency and symbiosis between the evaluation of financial and economic, socio-psychological, industrial, innovative, environmental and other factors, which in the complex form the investment attractiveness of the enterprise; using the expression “high level of profitability on investment with minimal risks” is partially incorrect in some definitions of the investment attractiveness of the enterprise since obtaining high profits involves a certain level of risk and each investor knows about this; the importance of increasing the investment attractiveness of the enterprise has the level of involvement of innovation in the activities of the enterprise in the frames of use of investment capital; the targeting of almost all definitions only on high financial and economic indicators, which, depending on the situation, are not always correct. A complex system of indicators for evaluation of the investment attractiveness of an enterprise is proposed, consisting of six groups of indicators (market position, property complex, profitability, financial stability, risks, innovative potential), each of which includes six coefficients determining the level of investment attractiveness for this group. The features and advantages of this system of indicators are: complexity and complementary to standard methods with indicators of the level of investment risk and innovative potential of enterprises; standardization of indicators; unidirectionality of indicators; Flexibility of the recommended limits for each coefficient. The method of graphical integration of the investment attractiveness of the enterprise, which has several advantages over other methods, proposed in the scientific literature, is offered because: it is a combination that includes the advantages of an integral method, as well as a market, and partially matrix method; it allows quantifying various aspects of economic activity of the enterprise by the elementary calculation of a certain number of coefficients; it does not require significant time to spend on the evaluation; it has a mathematical justification since the final indicators for comparing the investment attractiveness of several enterprises are calculated using the numerical integration method; it has the flexibility of determining the level of investment attractiveness of an enterprise by incorporating into the methodology in accordance with the socio-psychological component of the concept of investment attractiveness and the interests of the investor; gives a visual interpretation of the results of investment attractiveness assessment.

Economic Security of Enterprise and the System of its Ensuring

2015 ◽  
Author(s):  
Alina Ianioglo ◽  
Tatjana Polajeva ◽  
Dmitri Parmacli
Keyword(s):  
Sustainable Development ◽  
Economic Activity ◽  
Financial Stability ◽  
Scientific Literature ◽  
Economic Security ◽  
Negative Consequences ◽  
Internal Factors ◽  
National Science ◽  
System Functioning ◽  
The Relationship

In modern conditions of unpredictability of economic activity, enterprises represent an open dynamic system. Functioning and development of the enterprises is influenced by numerous external and internal factors. Multiple threats of economic security may lead to negative consequences in form of solvency and financial stability violations, profitability reduction and other deterioration in the enterprise. In this regard, the relevance and the need of ensuring economic security of enterprises are increasing. The issues of economic security are relatively new to the national science. At the same time, a sufficient number of scientific literature devote to this topic. In this article is presented the analysis and the systematization of various definitions of economic security. On its basis, the authors have identified five main approaches. The relationship between economic security and other economic categories such as sustainability, effectiveness, development and independence was explained. In order to counter threats of economic security and to ensure stable functioning of enterprise, the system of economic security is developed and presented in the paper. Under this system, main ways of increasing the level of economic security of enterprises was presented. Ensuring of economic security of each enterprise serve as a basis for sustainable development both businesses and the economy as a whole.

RELEVANCE OF ANTI-CRISIS MANAGEMENT DECISIONS IN THE MANAGEMENT OF ENTERPRISES DURING THE PANDEMIC PERIOD

2021 ◽  
Vol 2 (6) ◽  
pp. 110-117
Author(s):  
A. S. SUYARKOV ◽  
◽  
S. L. OZEROV ◽  
E. V. GENKIN ◽  
◽  
...  
Keyword(s):  
Crisis Management ◽  
Economic Crisis ◽  
Financial Stability ◽  
External Environment ◽  
Economic Security ◽  
Research Review ◽  
Scientific Article ◽  
Management Decisions ◽  
Russian Economy ◽  
Main Factors

The scientific article is devoted to a research review of tools, methods, directions and practical recom-mendations aimed at the application of management decisions of anti-crisis management while ensuring the economic security and financial stability of the functioning of enterprises of the economy of the Russian Fed-eration in the context of the spread of the COVID-19 coronavirus pandemic. The relevance of the study is due to a sharp deterioration in the external environment, due to which the domestic business is faced with the actual onset of the economic crisis, which, in turn, forces the use of anti-crisis management mechanisms. The article analyzes the main factors leading to the formation of the crisis period of the Russian economy in the context of the coronavirus. The characteristics of anti-crisis management are described. The main anti-crisis management decisions of Russian enterprises during a pandemic, which can provide a way for a business from a crisis, are listed.

COMPLIANCE AS A PART OF THE ECONOMIC SECURITY OF THE COMPANY

2021 ◽  
Author(s):  
E.K. Kuzmenko ◽  
◽  
E.S. Novopashina ◽  
Keyword(s):  
Economic Security ◽  
Definition Of ◽  
High Level

The article considers the definition of the concept of "compliance" and discloses its essence. Also, the article reveals the need to create compliance in an organization as a system in order to ensure a high level of economic security of the organization.

scholarly journals THEORETICAL AND METHODOLOGICAL APPROACHES TO EVALUATION OF INVESTMENT SECURITY OF UKRAINE

2021 ◽  
Author(s):  
Oksana Kopylyuk ◽  
Oleksandra Muzychka ◽  
Julia Tymchyshyn
Keyword(s):  
Economic Growth ◽  
Economic Security ◽  
Main Task ◽  
Theoretical Approaches ◽  
Fixed Assets ◽  
Potential Risks ◽  
Definition Of ◽  
High Level ◽  
Investment Process ◽  
Resource Capacity

The article discusses theoretical approaches to revealing the essence of the definition of «investment security». Investment security considered as a state of investment support of the country's economy, its resource capacity for expanded reproduction and modernization, attractiveness for investment in real and potential risks, threats and dangers. Investment security is a component of financial security, which in turn is an important component of the country's economic security. The main task of investment security is the formation of investment resources for the development of the country's economy, taking into account risks and threats. To assess the country's investment security, it is advisable to apply a comprehensive approach that would take into account its various aspects. Methodological tools have been developed and the level of investment security of Ukraine has been assessed and based on indicators that reflect: 1) ability to reproduce; 2) economic growth; 3) sources of investment. The quantitative value of these indicators allowed calculating the integrated indicator of investment security of Ukraine and noting that its level can be low, medium and high. On the authors position the low level of investment security signals the low investment attractiveness of the country's economy, significant imbalances in investment sources and lack of investment for expanded reproduction of fixed assets on an innovative basis. The average level of investment security reflects the satisfactory pace of investment in the country's economy and low use of the potential of financial intermediaries in investment activities. A high level of investment security, which guarantees expanded reproduction, economic growth and attracting the potential of the financial system in the investment process. The value of the integrated indicator of investment security of Ukraine for 2015-2019 is calculated. Testified to significant threats to economic growth and low rates of investment in the economy. The proposed methodology is comprehensive and allows assessing the level of investment security at the macro level.

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