Methodological principles of assessing the state of financial and economic security and choosing management tools for industrial enterprises

Abstract

The article outlines that there is a need to use management tools to ensure financial and economic security at industrial enterprises, that is, a system, a management mechanism or a security strategy. It has been proven that the prerequisite for obtaining the desired result from the use of financial and economic security management tools is the selection of these tools based on the organization of a comprehensive analysis. It was determined that the comprehensive analysis should cover not only indicators of financial and economic activity, but also indicators of assessment of the state of financial and economic security. It was established that there is no single approach to assessing the state of financial and economic security at industrial enterprises. According to the results of the research, the scientific and methodological approach of assessing the state of financial and economic security of industrial enterprises and the selection of management tools, which is based on the construction of a model of economic security assessment, has been improved. Its approbation at industrial enterprises will make it possible to carry out a comprehensive assessment of the state of financial and economic activity, determine the level of security based on the components of economic security and the general level of security, make a choice of a system, management mechanism or strategy for ensuring financial and economic security. The components of economic security are defined as: financial; investment; innovative; informative; personnel; production. The implementation of management tools to ensure financial and economic security will contribute to the increase and restoration of financial and economic security, which will ensure the improvement of work and the growth of the efficiency of financial and economic activities during the long-term period. Also, the application of a scientific and methodological approach ensures the development of measures to increase the level of financial and economic security, recommendations for the use of management tools. Keywords: economic security, financial security, financial and economic security, scientific and methodological approach, assessment of the state of financial and economic activity, assessment of the state of financial and economic security, management tools for ensuring financial and economic security.