Management of economic security of food industry enterprises as a direction of ensuring sustainable development

Abstract

The article is devoted to the peculiarities of the economic security management of food industry enterprises as a direction of ensuring sustainable development of economic entities. It was determined that the food industry plays an important role in Ukraine’s social and economic system; at the same time, food industry enterprises activity is characterized by the presence of negative trends. The essence and the components of the enterprise economic security were considered. The economic security is defined as a mechanism aimed at confronting threats and overcoming negative trends. The conceptual model of ensuring economic security of enterprises was proposed. In order to determine the key directions for increasing the level of economic security the model of dependence of economic security coefficient was formed using correlation and regression analysis. According to the model, the main factors of influence on food industry enterprises economic security formation are the growth rate of net profit, cash ratio and profitability of economic activity. The key measures for the formation of a constructive influence on the specified factors are proposed in order to increase the level of economic security of food industry enterprises.