THEORETICAL FOUNDATIONS FOR THE FORMATION OF THE ENTERPRISE’S ECONOMIC SECURITY SYSTEM

Abstract

The importance of forming the theoretical and methodological foundations for ensuring the economic security of domestic enterprises is substantiated. Domestic enterprises are exposed every day by a various kinds of factors that can threaten their level of security and lead to the formation of a crisis. Events such as the financial crisis in 2008, political and social instability caused by military actions in the East of Ukraine only increased a number of negative external factors that cause new threats and risks. As a consequence, for domestic enterprises today, a decline in production, a reduction in key financial performance indicators, an increase in production costs, and as a result all this can lead to bankruptcy. A key role in the prevention of this is the presence and effective functioning the enterprise’s economic security system. According to the results of the research of the scientific heritage, the basic approaches to the definition of the concept «economic security of the enterprise» were formed. An author’s approach was singled out that combines theoretical achievements with practical experience in ensuring economic security. The economic security at the enterprise should be considered more broadly, namely as an integrated system of all possible measures and protective methods designed to support such a state of the enterprise, which allows continuously, competitively and stably perform its activities in any conditions, and respond in a timely manner to all threats or dangers that may affect its development. This statement covers the best of all approaches and allows us to single out our own approach – unified approach. The main components of the economic security of the enterprise are identified, in particular: financial, staffing, information, innovation, technology, and legal.