The Digital Vector of Ensuring Economic Security of the Company

Artem Krivtsov and Leyla Berdnikova
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Artem Krivtsov: Moscow Institute of International Relations (MGIMO University)
Leyla Berdnikova: Togliatti State University

Chapter Chapter 5 in Technology and Business Strategy, 2021, pp 69-77 from Springer

Abstract: Abstract The digital economy expands business opportunities and forms new lines of business. The modern era is associated with the growth of information technology and the spread of telecommunications. Digitalization opens up prospects for various sectors of the economy, but at the same time carries new risks that require special attention to ensuring the economic security of companies, which determines the relevance of the research topic. The aim of the work is to improve the theoretical and methodological apparatus aimed at ensuring the economic security of companies in the digital economy. When writing the chapter, general scientific methods of cognition were used: analysis, synthesis, comparison, grouping, dialectic and integrated approaches that allow us to form informed conclusions. The chapter discloses the concept of economic security in a digital economy. The main elements of ensuring the economic security of the company in the context of business digitalization are highlighted. The advent of innovative global developments in the field of telecommunications and technologies entails the emergence of new types of risks that threaten the economic security of organizations. The chapter clarifies such atypical risks that are characteristic of the digital economy. Ensuring the economic security of the company is largely determined by the development and implementation of functional strategies, taking into account the digital development of the business environment. As a result of the study, such functional strategies were identified and an algorithm for managing the economic security of the company based on digitalization conditions was developed. The results of the study can be used in the activities of small- and medium-sized companies.

Keywords: Economic security; Digitalization economic; Business; Risks; Economic security strategies; M10; M20 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-63974-7_5

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DOI: 10.1007/978-3-030-63974-7_5

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