2015•Economies HorizonsOpen access

FINANCIAL AND ECONOMIC SECURITY ESSENCE AND ITS STRATEGY MANAGEMENT

Мищук Ольга Витальевна

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Abstract

This article investigates scientific approaches to the interpretation of the essence of "financial security" and "economic security" concepts, and determines that the current conditions of domestic enterprises are appropriate to use the category "financial and economic security". Financial and economic security should be seen as a state of its resources’ security, existing industrial and intellectual potential from potential internal and external environment threats with the help of tools, methods and instruments of information and analytical support.On the basis of the analysis and importance of companies’ financial and economic security, author proposed the principles of organization-level entities that can extend the theoretical basis of research of financial and economic security of the entity and develop a systematic approach to its formation.The article states that in order to increase the efficiency of companies’ financial and economic security system it is necessary to make the choice of management strategy that can be forecasting strategy, responsive strategy or strategy of reimbursement. Also significant role in shaping strategy is given to the tactics that most flexibly allows various tactical measures to ensure financial and economic security and to the planning as a method of determining and monitoring the safe development of the enterprise in the future.

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This article investigates scientific approaches to the interpretation of the essence of "financial security" and "economic security" concepts, and determines that the current conditions of domestic enterprises are appropriate to use the category "financial and economic security". Financial and economic security should be seen as a state of its resources’ security, existing industrial and intellectual potential from potential internal and external environment threats with the help of tools, methods and instruments of information and analytical support.On the basis of the analysis and importance of companies’ financial and economic security, author proposed the principles of organization-level entities that can extend the theoretical basis of research of financial and economic security of the entity and develop a systematic approach to its formation.The article states that in order to increase the efficiency of companies’ financial and economic security system it is necessary to make the choice of management strategy that can be forecasting strategy, responsive strategy or strategy of reimbursement. Also significant role in shaping strategy is given to the tactics that most flexibly allows various tactical measures to ensure financial and economic security and to the planning as a method of determining and monitoring the safe development of the enterprise in the future.

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Available abstract

This article investigates scientific approaches to the interpretation of the essence of "financial security" and "economic security" concepts, and determines that the current conditions of domestic enterprises are appropriate to use the category "financial and economic security". Financial and economic security should be seen as a state of its resources’ security, existing industrial and intellectual potential from potential internal and external environment threats with the help of tools, methods and instruments of information and analytical support.On the basis of the analysis and importance of companies’ financial and economic security, author proposed the principles of organization-level entities that can extend the theoretical basis of research of financial and economic security of the entity and develop a systematic approach to its formation.The article states that in order to increase the efficiency of companies’ financial and economic security system it is necessary to make the choice of management strategy that can be forecasting strategy, responsive strategy or strategy of reimbursement. Also significant role in shaping strategy is given to the tactics that most flexibly allows various tactical measures to ensure financial and economic security and to the planning as a method of determining and monitoring the safe development of the enterprise in the future.

Key concepts: Economic security, Financial security, Order (exchange), Business, Finance, Risk analysis (engineering), Security management, Economics

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