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.

DYNAMIC MONITORING IN ANTI-CRISIS MANAGEMENT OF STATE ECONOMIC SECURITY

2017 ◽  
pp. 108-111
Author(s):  
Ruslan Savenko
Keyword(s):  
Social Security ◽  
Crisis Management ◽  
Management System ◽  
Economic Security ◽  
Dynamic Monitoring ◽  
Systematic Observation ◽  
Management Decisions ◽  
Ecological Economic ◽  
Efficient Management ◽  
Research Institute

UDC 6585:330   Savenko Ruslan, doctor of sciences, professor. Poltava national technical Yuri Kondratyuk university. Dynamic monitoring in anti-crisis management of state economic security. This paper aimed at the problem of improvement the management system of economic security of natural use objects on a regional level using the organized digital dynamic monitoring for informational provision and justifying the options of efficient management decisions of operative and strategic importance by criteria of ecological, economic and social security. Monitoring of the regional (territorial) natural objects provides constant systematic observation of the processes that take place inside of a “region-state” system and at world’s natural resources market. It needed to create the informational database for efficient management of a nature-use system. We suggest plan of making the scientific and research institute in PoltNTU for conducting investigations based on continuous informational monitoring. Keywords: monitoring, management system, ecological-economic-social security, natural use resources, algorithm, scientific and research institute, management decisions.

scholarly journals EVALUATION OF FUNCTIONAL PERFORMANCE OF THE BANKING SYSTEM OF UKRAINE IN CONDITIONS FINANCIAL INSTABILITY

2021 ◽  
Author(s):  
Nataliia Danik ◽  
Kateryna Novak ◽  
Anastasiia Yakovenko
Keyword(s):  
Economic Crisis ◽  
Financial Stability ◽  
Structural Changes ◽  
Banking Sector ◽  
Synergistic Effects ◽  
Banking System ◽  
Scientific Article ◽  
Financial Instability ◽  
Industrial Complex ◽  
The Impact

The article covers the problems of the functioning of the banking sector of Ukraine during 2018-2021, as one of the main sectors of the financial market and the national economy as a whole. When analyzing the state of the banking sector, regularities and general trends in the functioning of the banking sector of Ukraine have been established, and appropriate calculations have been made. The impact of global financial crises on the activities of banking structures, which must operate in conditions of constant financial instability, is described. Today, the whole world, including Ukraine, is on the verge of a global financial and economic crisis. This raises the question of whether Ukrainian banks have the necessary margin of resilience to vulnerabilities to the financial and economic crisis. In recent years, the functioning and development of the banking system has been characterized by increased financial stability, the level of bank capitalization, liquidity, some improvement in asset quality, reducing risks in banking, as well as the presence of positive structural changes. Today, Ukraine's banking system operates in a complex socio-economic and legal environment, most of which - macroeconomic instability, irrational structure of the industrial complex, the crisis of science and technology, imperfect fiscal and monetary policy, low level of effective demand - complicate sustainable development banking sector and increase competitiveness. In conditions of instability, intensification of turbulent processes, the development of the banking system requires new innovative approaches to determining the mechanisms of effective functioning and stable development based on a system-synergetic approach, which led to the choice and relevance of the chosen topic of this scientific article. Efficiency of banks is a multicomponent, multifaceted, multidimensional system characteristic that depends on many factors and is an effective indicator of performance of functions and achievement of goals and objectives of banks development provided financial stability based on financial stability and dynamic balance, achievement of multiplicative and synergistic effects.

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 Diagnostics and monitoring of economic entities security

2019 ◽  
Vol 91 ◽  
pp. 08002 ◽  
Author(s):  
Elena V. Karanina ◽  
Olesya A. Ryazanova ◽  
Alexander N. Timin ◽  
Larisa P. Domracheva
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Final Stage ◽  
Small Businesses ◽  
Integrated Model ◽  
Economic Security ◽  
Management Decisions ◽  
Main Factors ◽  
Definition Of

The article shows the place and role of economic entities in the system of economic security of territories. Various approaches to the definition of the term “economic security of small businesses” are considered. The main factors and threats to the economic security of economic entities of the territories are presented. Presents the author’s system of basic indicators of estimation of economic safety of economic entities of the territory. Offers on carrying out diagnostics and monitoring of risks are given. Recommendations as a rating of economic security of economic entities of territories are given. The procedure for monitoring the economic security of economic entities of the territories based on a risk-based approach can be represented in the form of five interrelated stages. This is the stage of collecting data on enterprises and the calculation of the necessary indicators. The stage of formation of the system of indicators, they are risk factors. Stage of processing indicators. The stage of building an integrated model of potential and risk assessment. In addition, the final stage of assessment of the complex level of economic security of economic entities of the territories. This will allow making management decisions in the field of development and support of small businesses at the territorial level.

Tools for Sustainable Development of High-Tech Enterprises in the Face of Current Challenges and Threats

2015 ◽  
Vol 4 (4) ◽  
pp. 4-13 ◽  
Author(s):  
Пименов ◽  
Vladimir Pimenov ◽  
Быстров ◽  
Andrey Bystrov ◽  
Калиматова ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Financial Stability ◽  
Economic Security ◽  
High Tech ◽  
Industrial Complex ◽  
Russian Economy ◽  
Close Relationship ◽  
The Face ◽  
Research Findings

The current challenges and threats undermine economic security of the most production enterprises, primarily as the result of such environmental factors, as sanctions and declining oil prices, which in turn significantly affects the whole Russian economy, heavily dependent on energy resources exports. These external factors also threaten the financial stability and create prerequisites for crisis situations at the enterprises, ultimately undermining their economic security. The paper reveals the close relationship between such concepts, as sustainability and economic security, and shows the role of financial strategy as one of the tools to ensure sustainable development of an enterprise under the mentioned conditions. The research findings are considered through the case study of high-tech enterprises within the defence-industrial complex of this country.

scholarly journals PRACTICAL ASPECTS OF THE USE OF ANTISIPATIVE MANAGEMENT IN THE PROCESS OF ENSURING THE ECONOMIC SECURITY OF AN ENTERPRISE

2021 ◽  
Vol 22 (1) ◽  
pp. 202-210
Author(s):  
Andriy Shtangret ◽  
Elzara Topalova ◽  
Oleg Polovcev ◽  
Olena Chornenka ◽  
Andriy Musiyovskyi
Keyword(s):  
Reaction Time ◽  
Crisis Management ◽  
Early Identification ◽  
External Environment ◽  
Economic Security ◽  
Economic Opportunity ◽  
Timely Manner ◽  
Weak Signals ◽  
Sufficient Degree ◽  
The Moment

Operating in an unstable market economy environment, enterprises can achieve success in business, provided that a system of economic security is created, focused on predicting possible changes in the internal and external environment using measures. As the speed of changes in the external environment increases, it becomes more and more difficult to predict with a sufficient degree of accuracy the nature of changes, which would allow security actors to respond to them in a timely manner and with the most rational use of available resources. Early identification of a possible change in the level of economic security of an enterprise increases the reaction time to it. However, with the increase in the frequency of possible sudden changes, the degree of their predictability decreases. This means that until the moment of obtaining information sufficient for thoughtful measures, there is a shortage of time for their implementation, which can lead to the realisation of a certain threat in the form of losses or lead to the loss of a profitable economic opportunity. The main purpose of the article is to consider the essence of weak signals, to characterise the process of identifying weak signals, to formulate methodological foundations for the use of antisipative management, to determine the differences between antisipative management and adaptive and anti-crisis management in relation to the process of ensuring the economic security of an enterprise.

scholarly journals Financial Stability of Regional Budgets in Conditions of Cyclic Development of the Russian Economy. Part 1

2021 ◽  
pp. 123-132
Author(s):  
Tatyana Zhuravleva ◽  
◽  
Elena Semenova ◽  
Olga Goltsova ◽  
◽  
...  
Keyword(s):  
Russian Federation ◽  
National Economy ◽  
Financial Stability ◽  
Federal District ◽  
Scientific Article ◽  
Russian Economy ◽  
Rostov Region ◽  
Regional Budget ◽  
The Russian Federation ◽  
Regional Budgets

This article is devoted to a comparative analysis of the financial stability of the development of regional budgets of certain constituent entities of the Russian Federation – Rostov Region, Republic of Kalmykia and Orel Region in comparison with the dynamic fluctuations of Russia’s economic development over the period 2010–2019. The relevance of the research topic is due to the need to create a methodology for assessing the financial stability of regional budgets of the constituent entities of the Russian Federation. The purpose of this scientific article is to study and test the methodology suggested by the authors for the analysis of financial stability of regional budgets of Russia in the process of cyclical changes in the financial and economic environment of the national economy, as well as to demonstrate its practical application. The regional budgets of such constituent entities of the Russian Federation such as Rostov Region, Republic of Kalmykia, which are part of the Southern Federal District, and Orel Region, which is a constituent entity in the Central Federal District, were selected as the objects of the study. The authors define the subject of research as a system of financial and economic indicators that characterize the implementation of regional budgets of territorial units under analysis in the period 2010–2019. The obtained statistical data for the regions under analysis will be used in the subsequent material for the tests of the suggested methodology. When choosing the criteria for the assessment of the independence of the regional budget, the authors rely on the fundamental budget parameters, including its effectiveness, financial stability and balance of the revenue and expenditure parts of the budget. When analyzing the dynamics of the level of stability of the regional budgets of Rostov region, Republic of Kalmykia and Orel region, it was found that the region with a more developed social and economic infrastructure is more comfortable with cyclical shifts in the national economy (with the least losses, both for further development prospects of the region and for the population living in this territory). For regions where the social and economic situation is deteriorating, economic crises in the country have a multiplier effect, increasing both the gap in comparison with the developed regions of the Russian Federation, and the degree of imbalance of the regional economy and finance.

scholarly journals Digital innovations of small and medium-sized businesses as a factor of sustainable development of the Russian economy

2021 ◽  
pp. 28-35
Author(s):  
Marina Efremova ◽  
Olga Chkalova
Keyword(s):  
Sustainable Development ◽  
External Environment ◽  
Economic Security ◽  
The State ◽  
Digital Innovation ◽  
Innovative Strategies ◽  
Russian Economy ◽  
Business Efficiency

The article examines the role of digital innovation in the business efficiency of small and medium-sized enterprises and the economic security of the country. The results of the analysis of the state of digitalization in small and medium-sized businesses. The directions of implementation of digital innovations are analyzed. It is shown that enterprises implementing innovative strategies adapt faster to changes in the external environment. On the basis of the results of sociological surveys published in open sources, the priority directions of implementation of digital innovations by small and medium-sized enterprises in Russia are identified.

"Good" and "bad" billionaires in post-soviet Russia (1997–2020)

2022 ◽  
pp. 22-38
Author(s):  
Grigorii Isaakovich Khanin ◽  
Keyword(s):  
Economic Crisis ◽  
Oil Prices ◽  
Economic Reforms ◽  
Social Differentiation ◽  
Negative Consequences ◽  
Political Structure ◽  
Russian Economy ◽  
Main Factors ◽  
Soviet Russia

The article shows the idea of American economist Ruchir Sharma about "good" and "bad" billion-aires in relation to modern Russia, indicates the criteria proposed by Ruchir Sharma for classifying billionaires as "good" and "bad". The ratio between "good" and "bad" billionaires in modern Russia is studied for the period from 1997 till 2020. To identify "good" billionaires, their list for 2008, 2015 and 2020 is given, indicating companies and industry. For the same years, the shares of "good" billionaires in the total amount of billionaires and their total property were calculated. Sig-nificant growth of a number of "good" billionaires and their share in their total amount and total property of billionaires has been found. The main factors that determined the dynamics and share of "good" billionaires are indicated: the dynamics of world oil prices and the maturity of the Russian bourgeoisie. The share of "good" billionaires in Russia is being compared with the remaining 19 countries analysed by Ruchir Sharma. It turns out that even in the best year of 2020 for Russia in terms of the share of "good" billionaires, it was far behind other countries. Objective and subjective reasons for Russia’s catastrophic lag in the share of "good" billionaires are shown. Objective reasons include the youth of Russian capitalism and the huge demographic losses of Russia in the XX century, especially among the creative part of the population. Subjective reasons include the vices of the carried out in post-Soviet Russia political and economic reforms and the resulting economic and political structure. The negative consequences of the small share of "good" billionaires are analysed. These include the economic crisis in Russia in 2008 and the unsatisfactory structure of the Russian economy, as well as a huge social differentiation. The author proposes measures for accelerated modernization of the Russian economy, creating the most favourable conditions for the growth of "good" billionaires.

scholarly journals THE DEVELOPMENT OF DIAGNOSTIC TOOLS FOR ASSESSING THE LEVEL OF FINANCIAL CORPORATIONS’ STABILITY BY CASCADE APPROACH

2021 ◽  
Vol 4 (39) ◽  
pp. 109-120
Author(s):  
M. Hutorna ◽  
M. Rudenko ◽  
Yu. Nemish ◽  
T. Kulinich ◽  
O. Hasii
Keyword(s):  
Financial Stability ◽  
Methodological Approach ◽  
External Environment ◽  
Financial Fragility ◽  
Diagnostic Tools ◽  
Scientific Article ◽  
Stable Operation ◽  
Financial Instability ◽  
A Chain ◽  
The Impact

Abstract. The scientific article is devoted to the development of a methodology for assessing the financial stability of financial corporations using the technology of cascading approach to identify weak areas in their activities and prevent the development of threats to their stable operation. The root causes of their financial instability are selected as the object of financial corporations’ financial stability assessment, and a chain of causal relationships is considered that turn the preconditions into real threats to financial stability or even signs of the corporation’s financial fragility. At the same time, the source of prerequisites for the financial stability of financial corporations in the state and depth of imbalances, which are formed both in the internal and external environment of their operation. It is proved that the tools for assessing internal imbalances in the activities of financial corporations should not be limited to financial imbalances, as their root causes can be concentrated in the organizational, managerial, institutional, conceptual component, in the field of personnel, information, technical support. Therefore, the structuring of imbalances in the activities of financial corporations is proposed to be carried out according to the theory of economic potentials and to identify the following content areas: opportunities, resources, tools, and abilities, the interaction of which forms the potential of financial corporations to operate. A three-stage method for assessing the financial stability of financial corporations has been developed, using a cascading approach, which involves the consistent diagnosis of internal imbalances in the activities of financial corporations: 1) those that arise within each component (resources, means, and capabilities) and are the area of origin of internal threats to their financial stability; 2) imbalances that arise through inter-component interaction (resources-means; abilities-means; resources-abilities) and are the sphere of manifestations of imbalances; 3) those that arise through interaction with the external environment and maximally show the impact of their condition and depth on the level of financial stability. For each of these areas, a set of indicators has been developed and an algorithm for calculating the integrated index of financial stability of a financial corporation has been constructed. The scientific and methodological approach was tested on the example of systemically important banks of Ukraine during 2017—2020, each of which is currently in a continuum of financial stability, and for most banks, there is a growing trend of quantitative measurement of its level. In general, the paper reveals a comprehensive approach to assessing the financial stability of financial corporations, which allows you to systematize those key positions in which the imbalance increases the likelihood of their financial fragility and financial instability. Keywords: financial corporations, financial stability, internal imbalances, economic potential, valuation, indicators, nonlinear rationing. JEL Classіfіcatіon C13, C81, D53, G21, G23          Formulas: 7; fig.: 0; tabl.: 3; bibl.: 22.

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