Development and implementation of a monitoring system of threats for the economic security of an enterprise

The article is devoted to developing and implementing a monitoring system for threats to the economic security of enterprises. The article aims to analyze and improve the existing theoretical and methodological support for monitoring threats to the economic security of enterprises. The article examines relevant aspects of ensuring the economic security of enterprises in the face of modern challenges caused by financial crises and instability in the socio-economic and political environment. The study presents a systematic approach to identifying and analyzing internal and external factors affecting the resilience of enterprises to threats. A classification of factors and their impact on key elements of economic security, such as financial stability, organizational structure, human resource potential, innovative development, and material and technical base, is provided. It is revealed that the economic security of enterprises largely depends on the combination of internal and external factors and their interaction. The study identified the most critical threats, including high inflation, currency exchange rate instability, reduced profitability, deficiencies in management structures, low levels of digitalization, globalization processes, political instability, social changes, and climate factors, which mainly affect the agricultural sector. The research demonstrates that effective monitoring of threats to economic security is an integral part of managing agribusiness entities. It ensures the stable functioning of enterprises and creates prerequisites for sustainable development in a changing external environment. Timely identification of potential threats and prompt responses contribute to risk minimization, enhanced competitiveness, and the preservation of economic stability. Based on the above, the study substantiates a monitoring system for threats to the economic security of enterprises, which includes several stages: identification, analysis, assessment, and neutralization of potential threats. Compared to existing ones, the proposed system is characterized by cyclicity and adaptability to unstable conditions. Implementing the proposed monitoring system for threats to the economic security of enterprises will enhance their efficiency in unstable environments, ensuring their economic security and sustainable development. Keywords: enterprise economic security, enterprise operational security, enterprise security threats, threat monitoring system, sustainable enterprise development.

Authors

Publication Details

Journal
Ukrainian Journal of Applied Economics and Technology
Published
2024-08-30
DOI
https://doi.org/10.36887/2415-8453-2024-3-74
Primary Topic
Banking, Crisis Management, COVID-19 Impact
Type
article
Field-Weighted Citation Impact
0.00
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article

Development and implementation of a monitoring system of threats for the economic security of an enterprise

S A Uvarov, Тetiana Larina, Oleksandr Panenko
Ukrainian Journal of Applied Economics and Technology
Banking, Crisis Management, COVID-19 Impact
article

Development and implementation of a monitoring system of threats for the economic security of an enterprise

S A Uvarov, Тetiana Larina, Oleksandr Panenko
article en

Abstract

The article is devoted to developing and implementing a monitoring system for threats to the economic security of enterprises. The article aims to analyze and improve the existing theoretical and methodological support for monitoring threats to the economic security of enterprises. The article examines relevant aspects of ensuring the economic security of enterprises in the face of modern challenges caused by financial crises and instability in the socio-economic and political environment. The study presents a systematic approach to identifying and analyzing internal and external factors affecting the resilience of enterprises to threats. A classification of factors and their impact on key elements of economic security, such as financial stability, organizational structure, human resource potential, innovative development, and material and technical base, is provided. It is revealed that the economic security of enterprises largely depends on the combination of internal and external factors and their interaction. The study identified the most critical threats, including high inflation, currency exchange rate instability, reduced profitability, deficiencies in management structures, low levels of digitalization, globalization processes, political instability, social changes, and climate factors, which mainly affect the agricultural sector. The research demonstrates that effective monitoring of threats to economic security is an integral part of managing agribusiness entities. It ensures the stable functioning of enterprises and creates prerequisites for sustainable development in a changing external environment. Timely identification of potential threats and prompt responses contribute to risk minimization, enhanced competitiveness, and the preservation of economic stability. Based on the above, the study substantiates a monitoring system for threats to the economic security of enterprises, which includes several stages: identification, analysis, assessment, and neutralization of potential threats. Compared to existing ones, the proposed system is characterized by cyclicity and adaptability to unstable conditions. Implementing the proposed monitoring system for threats to the economic security of enterprises will enhance their efficiency in unstable environments, ensuring their economic security and sustainable development. Keywords: enterprise economic security, enterprise operational security, enterprise security threats, threat monitoring system, sustainable enterprise development.

Ukrainian Journal of Applied Economics and TechnologyVol. 2024(3)
Openalex Percentile: Top 52%
Banking, Crisis Management, COVID-19 Impact
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