Mechanism of ensuring economic recurity of enterprise: Theoretical and methodological fundamentals of its formation

I. Potapiuk

E-Forum Working Papers, 2020, vol. 10, issue 4, 125-130

Abstract: The development of an effective system of economic security at the enterprise and organization of its successful implementation should be based on the methodological aspects of the scientific theory of security and include the measures carried out step-by-step, in proper sequence, or simultaneously. Their combination creates a mechanism for ensuring the economic security of the enterprise. It can be defined as a set of legal norms, legislative acts, motivational motives and incentives, measures, methods, tools, and forces, owing to which an enterprise can achieve security goals and solve the tasks. The article substantiates the urgency of implementing an effective mechanism for ensuring the economic security of the enterprise, which plays a top priority role in the overall security management of the business entity. The author provides an analysis of the scientific papers of various researchers-economists, which manifests some uncertainty regarding the interpretation of the concept of "mechanism for ensuring the economic security of the enterprise". The study has revealed that the most important structural element of the security mechanism of enterprise is the management system of the enterprise economic security, which includes regulatory, informational, organizational, methodological, and resource support. In a focus of the research are the subjects, objects, functions, tasks, principles, and methods of ensuring the economic security of an enterprise. The emphasis is on the features, purpose of formation, and the basic elements of the mechanism of maintaining the enterprise economic security. The enterprise economic security mechanism, developed on the basis of scientific approaches, principles, methods, and leverage, indicates the plurality of its components and confirms the complexity of the security formation process on the whole

Keywords: security; economic security of the enterprise; mechanism; threats and dangers; factors of influence; principles; protection; mechanism of ensuring economic security of the enterprise (search for similar items in EconPapers)
Date: 2020
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