IDENTIFYING OPPORTUNITIES FOR ENHANCING THE ECONOMIC SECURITY OF AN INDUSTRIAL ENTERPRISE TO ENSURE ITS DEVELOPMENT

The article explores the theoretical aspects of managing the economic security of an industrial enterprise, specifically identifying opportunities for its strengthening with the aim of ensuring development. It was found that many factors influence the state of economic security. The factors are grouped according to various classification features, for example, by the coverage of the action (general and specific), by the nature of the action (objective and subjective), etc., and the most common in science are selected for the work - the selection of factors depending on the sphere of their occurrence: internal and external factors. Based on the conducted research, in the context of ensuring the economic security of an industrial enterprise, four types of strategies are distinguished: the stabilization strategy is used in conditions of high economic security; the strengthening strategy is aimed at improving the indicators of the most vulnerable component of economic security; the adaptation strategy (at a low level of security) is aimed at adapting the company's activities to market requirements, optimizing costs, increasing the main indicators of financial and economic activity; the survival strategy should be applied in conditions of critical economic security and requires taking actions to bring the enterprise out of the crisis. Ways to strengthen the economic security of an industrial enterprise in each functional component have been determined: financial based on financial flow management, property and risk insurance, formation of a reserve fund and other measures; personnel, consisting of administrative (recruitment and selection of personnel), economic (material stimulation) and social-psychological (moral stimulation) methods of personnel management of the enterprise; provision of the technical and technological component involves the planning of technologies for the production of current and prospective product items, technical and technological modernization of production and other measures; production and sales by ensuring a smooth production process, optimizing costs, conquering new sales markets and other measures.

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Publication Details

Journal
Bulletin of the National Technical University Kharkiv Polytechnic Institute (economic sciences)
Published
2025-03-15
DOI
https://doi.org/10.20998/2519-4461.2025.2.72
Primary Topic
Economic and Technological Developments in Russia
Type
article
Field-Weighted Citation Impact
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article

IDENTIFYING OPPORTUNITIES FOR ENHANCING THE ECONOMIC SECURITY OF AN INDUSTRIAL ENTERPRISE TO ENSURE ITS DEVELOPMENT

Mariia Foshchii, Mariya Maslak, Petro Foshchii
Bulletin of the National Technical University Kharkiv Polytechnic Institute (economic sciences)
Economic and Technological Developments in Russia
article

IDENTIFYING OPPORTUNITIES FOR ENHANCING THE ECONOMIC SECURITY OF AN INDUSTRIAL ENTERPRISE TO ENSURE ITS DEVELOPMENT

Mariia Foshchii, Mariya Maslak, Petro Foshchii
article en

Abstract

The article explores the theoretical aspects of managing the economic security of an industrial enterprise, specifically identifying opportunities for its strengthening with the aim of ensuring development. It was found that many factors influence the state of economic security. The factors are grouped according to various classification features, for example, by the coverage of the action (general and specific), by the nature of the action (objective and subjective), etc., and the most common in science are selected for the work - the selection of factors depending on the sphere of their occurrence: internal and external factors. Based on the conducted research, in the context of ensuring the economic security of an industrial enterprise, four types of strategies are distinguished: the stabilization strategy is used in conditions of high economic security; the strengthening strategy is aimed at improving the indicators of the most vulnerable component of economic security; the adaptation strategy (at a low level of security) is aimed at adapting the company's activities to market requirements, optimizing costs, increasing the main indicators of financial and economic activity; the survival strategy should be applied in conditions of critical economic security and requires taking actions to bring the enterprise out of the crisis. Ways to strengthen the economic security of an industrial enterprise in each functional component have been determined: financial based on financial flow management, property and risk insurance, formation of a reserve fund and other measures; personnel, consisting of administrative (recruitment and selection of personnel), economic (material stimulation) and social-psychological (moral stimulation) methods of personnel management of the enterprise; provision of the technical and technological component involves the planning of technologies for the production of current and prospective product items, technical and technological modernization of production and other measures; production and sales by ensuring a smooth production process, optimizing costs, conquering new sales markets and other measures.

Bulletin of the National Technical University Kharkiv Polytechnic Institute (economic sciences)(2)
Weatherford College (US), Human Growth Foundation (US)
Openalex Percentile: Top 77%
Economic and Technological Developments in Russia
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