The role and importance of an effective mechanism for managing the financial and economic security of enterprises for their strategic development under the influence of risks

Abstract

The purpose of the study is to specify the role and significance of an effective mechanism for managing the financial and economic security of enterprises for their strategic development under the influence of risks. The methods used by the authors in the research process were: theoretical methods, in particular, methods of analysis and synthesis; methods of abstraction and generalization; methods of classification and systematization; methods of deduction and induction. The results of the study were: a refined definition of strategic management of the financial and economic security of an enterprise, a proposed step-by-step approach to integrating the mechanism for managing the financial and economic security of an enterprise into its strategic management system, and a list of risks for the sustainable development of modern enterprises, the counteracting of which effective mechanism for managing financial and economic security should be primarily focused on. Conclusions. It is established that traditional approaches to strategic management of financial and economic security in Ukraine should be transformed at the theoretical and methodological level due to the significant impact on this process of military risks, risks of economic and political instability. It is proposed to create a risk map as an analytical tool for the management of Ukrainian companies, capable of assisting it in making informed strategic decisions in the context of security-oriented management. This means of identifying and assessing risks can be recommended to the subjects of the mechanism of managing the financial and economic security of an enterprise in order to timely identify the need to change the strategic guidelines of its development by shifting them to more realistic and relevant for the future business planes. Therefore, the ability of the company's management to integrate the principles and tools of managing the financial and economic security of an enterprise into its strategic management system becomes important, since this allows balancing the strategic guidelines and economic goals of the business.