Enterprise Economic Security: The Essence and Features

Olha Sosnovska () and Maksym Zhytar
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Olha Sosnovska: Borys Grinchenko Kyiv University, Kyiv, Ukraine

Oblik i finansi, 2018, issue 3, 124-132

Abstract: In modern economic conditions, the functioning of domestic enterprises is accompanied by the influence of destructive factors of the internal and external business environment. So, the issues of ensuring the economic security of the enterprise are actual, because the achievement of the appropriate level of economic security will allow creating favorable conditions for stable functioning of the enterprise in conditions of uncertainty. The purpose of the article is to disclose the essence of the enterprise's economic security on the basis of systematization of threats on various classification grounds and to determine the characteristics of its achievement. The hierarchical structure of economic security was investigated. The essence of economic security of an enterprise at the global, international, national, regional and local levels was revealed. Taken into account the complementary nature of the relationship between levels of economic security at macro-, meso- and micro-levels, it was proved that the main condition of achieving economic security at higher levels of the hierarchy is to provide it at the enterprise level. It was determined that the enterprise economic security is to provide conditions for enterprise effective functioning and strategic development under the conditions of the influence of threats of a diverse nature. Based on analysis and systematization of existing scientific approaches, the classification of threats to the economic security of the enterprise was developed which taken into account the place of origin, the nature of the impact, the degree of control, the source and sphere of occurrence, the functional components of the economic security of the enterprise. The characteristic features of ensuring the economic security of the enterprise were determined, which include its economic equilibrium, competitiveness, economic freedom, economic development and harmonious interaction with the external environment.

Keywords: hierarchical structure of economic security; the essence of economic security; threats; classification; features of ensuring the economic security; enterprise (search for similar items in EconPapers)
JEL-codes: D02 M21 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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