scholarly journals MODELING THE PROCESS OF APPLYING ANTI-CRISIS MANAGEMENT IN THE SYSTEM OF ENSURING FINANCIAL SECURITY OF THE ENTERPRISE

2019 ◽  
Vol 20 (0) ◽  
pp. 446-455 ◽  
Author(s):  
Oleksandr Sylkin ◽  
Myroslav Kryshtanovych ◽  
Andryi Zachepa ◽  
Sofiia Bilous ◽  
Anna Krasko
Keyword(s):  
Crisis Management ◽  
Methodological Approach ◽  
Financial Security ◽  
Market Environment ◽  
Functional Modelling ◽  
Input Control ◽  
Management Application ◽  
Modelling Methodology ◽  
Control Output

The methodological approach to the application of anti-crisis management in the system of ensuring financial security of the enterprise, unlike the existing ones, summarizes and systematizes the theoretical and methodological features of determining the main stages of anti-crisis management, based on the use of functional modelling methodology and graphical description of processes (IDEF0), significantly increases the ability enterprises adapt to a changing market environment, increase competitiveness and ensure to be stable in financial activities. A complex diagram of the IDEF0 model of applying the anti-crisis management in the process of ensuring the financial security of the enterprise is proposed. It includes input, control, output, mechanism. As a result, a decomposition of the first and the second level context diagrams of the IDEF0 model of anti-crisis management application in the process of ensuring the financial security of the enterprise was formed, which includes, in addition to input, control, output and mechanism, information about the progress of subprocesses and directives for their regulation.

Lessons in Failure

2018 ◽  
Author(s):  
Heidi Hardt
Keyword(s):  
Crisis Management ◽  
Research Design ◽  
International Organizations ◽  
Methodological Approach ◽  
Institutional Memory ◽  
The Subject ◽  
Observed Behavior

Chapter 1 introduces the subject of institutional memory of strategic errors, discusses why it matters for international organizations (IOs) that engage in crisis management and reviews the book’s argument, competing explanations and methodological approach. One strategic error in the mandate or planning of an operation can increase the likelihood of casualties on the battlefield. Knowledge of past errors can help prevent future ones. The chapter explores an empirical puzzle; there remain key differences between how one expects IOs to learn and observed behavior. Moreover, scholars have largely treated institutional memory as a given without explaining how it develops. From relevant scholarship, the chapter identifies limitations of three potential explanations. The chapter then introduces a new argument for how IOs develop institutional memory. Subsequent sections describe research design and explain why NATO is selected as the domain of study. Last, the chapter identifies major contributions to literature and describes the book’s structure.

scholarly journals Improvement of Methodological Approaches to Determining Directions of Ensuring Financial Security of Insurance Companies of Ukraine

2021 ◽  
Vol 39 (5) ◽  
Author(s):  
Oleg A. Diegtiar ◽  
Olena A. Lutsenko ◽  
Liudmyla A. Polyvana ◽  
Tetiana A. Pushkar ◽  
Hanna A. Zhovtyak
Keyword(s):  
Methodological Approach ◽  
Financial Economic ◽  
Economic Security ◽  
Insurance Companies ◽  
Financial Security ◽  
Insurance Company ◽  
Insurance Sector ◽  
Destabilizing Factors ◽  
Methodological Approaches ◽  
Definition Of

Financial security of the insurance market significantly affects the financial, economic and social stability of society and should be included in the range of problems that are directly related to the issues of financial security of Ukraine. The main purpose of the article is to set out and solve the problem of improving methodological approaches to determining the directions of ensuring the financial security of insurance companies in Ukraine. The main functional tasks of financial security of insurance companies are identified. It has been proved that financial security is a component of economic security and a refined definition of this category has been provided. Destabilizing factors of influence on financial security of insurance companies have been identified and analyzed. A methodological approach to managing the financial security of an insurance company has been developed. A complex of proposals for the development of the insurance services market has been formed as a basis for strengthening the financial security of insurance companies. It was concluded that the insurance sector of Ukraine can actively develop provided that there is a clear theoretical and methodological justification of the toolbox, the implementation of a methodological approach to managing the financial security of the insurance company, taking into account all the problems and proposals for its continuous improvement and development in the changing conditions of the present.

scholarly journals Enterprise Financial Security as an Anti-Crisis Management Method

2021 ◽  
Vol 25 (1) ◽  
pp. 153-159
Author(s):  
Iryna Khymych ◽  
◽  
Tetiana Vynnyk ◽  
Nataliia Konstantiuk ◽  
Nataliia Tymoshyk ◽  
...  
Keyword(s):  
Crisis Management ◽  
Financial Stability ◽  
Financial Economic ◽  
External Factors ◽  
Financial Security ◽  
Business World ◽  
Crisis Phenomenon ◽  
Modern Business ◽  
High Level ◽  
Internal And External Factors

Abstract. Introduction. Enterprise financial security is one of the measures to ensure and support financial stability. It is able to act as one of the main anti-crisis management methods and is extremely relevant in the uncertainty of the activities implementation. Management and staff must comply with a number of requirements for ensuring and maintaining their own level of financial capacity for effective enterprise functioning. After all, this factor will promote both its general adaptation, and will allow to carry out own activity now. It will also contribute to the plan formation to ensure the enterprise activities for the future, taking into account the necessary changes based on determining their impact on the development of further events in the business world. Purpose. His article has been described the essence and features of the «Financial security of the enterprise» concept. The necessity of its application in modern conditions of enterprise activity as one of the most important anti-crisis management methods in conditions of uncertainty has been described. Results. The financial security of the enterprise is the basis of effective activity of any enterprise in modern business conditions, taking into account the influence of both internal and external factors that take place in the business world as a whole has been determined. It is researched that financial security needs constant updating and improvement. So, it must meet modern requirements for ensuring the stability of the enterprise as an important anti-crisis managing its activities method. The main components of financial security of the enterprise are offered and described, namely: organizational, managerial, and financial-economic. Conclusions. As a result or consequence of this, the formation, support, and development of the country’s enterprises’ financial security are influenced by many different, both interdependent and independent, internal and external factors. In addition, financial security needs constant provision to achieve a high level of support for the stable and uninterrupted operation of the enterprise under any conditions of its operation. Keywords: financial security; anti-crisis method; crisis phenomenon; organizational component; management component; financial and economic component; soft skills.

scholarly journals Diagnostics of the State of Agricultural Enterprises Financial Security

2021 ◽  
pp. 52-60
Author(s):  
Olha Kovalenko ◽  
◽  
Liudmyla Yashchenko ◽  
Keyword(s):  
Financial Stability ◽  
Negative Impact ◽  
Methodological Approach ◽  
Developed Countries ◽  
The State ◽  
Financial Security ◽  
Net Income ◽  
Scoring Method ◽  
Agricultural Enterprises ◽  
Analysis Of Dynamics

In the conditions of rapid changes in the modern market environment, it is extremely important for agricultural enterprises to respond in a timely manner to threats to their financial security. Therefore, economic diagnostics is of significant methodological importance, and makes it possible to learn about economic problems and interpret the results of enterprises activity that have certain deviations from the norm or the state required for the enterprise. The subject of the study is a set of theoretical, methodological and practical aspects of diagnosing the state of financial security of enterprises. The purpose of the article is to diagnose the state of financial security of agricultural enterprises on the basis of the proposed methodological approach and to substantiate proposals for its improvement. The methodological basis of the diagnostics used in the study was: methods of theoretical generalizations, financial analysis, scoring method, analysis of dynamics and structure, linear programming. The article reveals the tasks and areas of management of Ukrainian agricultural enterprises with an emphasis on the protection of their specific financial interests – ensuring liquidity, solvency, financial stability, autonomy and others. For research purposes all Ukrainian agricultural enterprises were classified on the size of the net income. The system of indicators for diagnostics of financial security of the agricultural enterprises was offered. The basic structural elements of the mechanism of financial security management were substantiated. According to the diagnosis results, it was found that the state of financial security of large enterprises in 2018-2019 has deteriorated and it has had a negative impact on their solvency. Instead, the financial security of small and medium-sized enterprises has improved. Based on the experience of developed countries, proposals for public policy instruments to promote financial security of agricultural enterprises were proposed.

scholarly journals FINANCIAL SECURITY OF THE ENTERPRISE: AN ALTERNATIVE APPROACH TO EVALUATION AND MANAGEMENT

2021 ◽  
Vol 19 (02) ◽  
pp. 303-336
Author(s):  
Larysa Dokiienko
Keyword(s):  
Sunflower Oil ◽  
Financial Stability ◽  
Methodological Approach ◽  
Oil Production ◽  
Financial Statements ◽  
Security Level ◽  
Financial Security ◽  
Financial Indicators ◽  
Scientific Publications ◽  
Alternative Approach

Purpose – The main purpose of the article is to justify an alternative approach to assessing the level of financial security of the enterprises based on use the model of modified and adjusted financial statements. Research methodology – The following methods of general theoretical and empirical research were used in the writing of the article: abstract-logical (when systematizing scientific publications on the problems of financial security management of enterprises), comparisons and grouping (when developing and validating a model of modified financial statements), coefficient (when considering and using models for adjusting modified financial statements), grouping (when clustering enterprises depending on the results of the analysis), formalization (when developing a matrix for diagnosing the level of financial security of enterprises), generalization (when formulating research findings). Findings – Based on an established sample from nine of sunflower oil production enterprises of Ukraine their modified financial statements have been developed, it was adjusted to the consumer price index, key financial indicators of the model have been identified and the level of their financial security over the past 7 years have been assessed. The research identified a direct relationship between the level of financial security of enterprises and key financial indicators: financial stability, solvency and financial risk. Also, the proposed methodological approach can be not only an important tool for diagnosing the level of financial security of enterprises, but also its forecasting. Research limitations – The research limitation is associated with sampling size and geographical scope. Also, the diagnostic results may differ depending on the chosen adjustment base, determination of adjustment method and selection of inflation measurement method for the modification financial statements. Practical implications – Practical use of the proposed model proves that it is a convenient, simple, understandable and effective tool for diagnosing the financial security level of enterprises in terms of the main components: financial stability, solvency, and risk. The use of the proposed approach to the assessment of the financial security of the enterprise can serve as an indicator of the overall efficiency of its management at sunflower oil production enterprises and as an informative tool for factor analysis. Originality/Value – Consideration of a significantly different, alternative approach that allows enterprises to quickly and easily diagnose the level of their financial security; to manage it effectively during the current period, and can also become the basis for the formation of strategic directions of financial development and forecasting of the level of financial security for prospective period.

Swot analysis as a prerequisite formation of anti-crisismanagement mechanism of south of Ukraine

2019 ◽  
pp. 21-30
Author(s):  
Iryna Dyadchenko
Keyword(s):  
Crisis Management ◽  
System Analysis ◽  
Swot Analysis ◽  
Methodological Approach ◽  
Financial Economic ◽  
State Enterprise ◽  
The South ◽  
Protective Function ◽  
Hunting Management ◽  
The Subject

The purpose of the article is to carry out a thorough SWOT-analysis of theactivity of the State Enterprise «Mykolaiv Regional Forestry and Hunting Management» as a necessary factor for the formation of a crisis management system of forestry enterprises in the South of Ukraine. The identified potential threatsand inherent weaknesses in the activity of the investigated enterprise require theprompt implementation of an appropriate financial, economic and organizationaltechnical mechanism for the exit of the subject of economic activity from the crisis.Мethodology of the research is to use a set of methods: expert evaluation,comparative and system analysis. This methodological approach made it possibleto analyze the weaknesses and strengths of the activity of the studied enterpriseand to justify the use of a certain strategy on it. The scientific novelty of theobtained results is to investigate the possibility of using separate strategies in theactivities of forestry enterprises in the South of Ukraine. The scientific noveltyof the obtained results is to investigate the possibility of using separate strategiesin the activities of forestry enterprises in the South of Ukraine. The necessity toimplement a strategy aimed at enhancing the ecological and protective function offorest plantations is substantiated. The scientific conclusions drawn on the chosenstrategy determine the necessary directions for the development and implementationof the appropriate mechanism for crisis management of subsidized forestryenterprises. Conclusions. The conducted SWOT-analysis of the activity of the StateEnterprise “Mykolaiv Regional Forestry and Hunting Management” revealed theweaknesses and strengths of the entity, singled out the existing opportunities andpotential threats of the enterprise. The possibility of using a strategy aimed atenhancing the ecological and protective function of forest plantations in theactivities of forestry enterprises in the South of Ukraine has been proved. Thedetermined strategy necessitates further research on the formation of componentsof the respective mechanism of crisis management of forestry enterprises in theSouth of Ukraine.

Sign in / Sign up

Export Citation Format

Share Document