Realization of production potential of the enterprise in the context of ensuring economic security

Abstract

The article substantiates the relationship between the development potential and the economic security of the enterprise. The new opportunities that open for business in the context of strengthening globalization and integration processes and developing innovative technologies simultaneously lead to the growth of threats associated with the peculiarities of material, financial, and information flows. In these conditions, the strategy of developing the company’s potential requires new approaches to management. It has been established that achieving the appropriate level of economic security is the basis of sustainable development and the enterprise’s potential growth. At the same time, the company’s potential growth in development is limited by the need to incur costs for protection against dangers and threats. Considering the state of economic security, the enterprise’s material and financial resources should be used to increase its development potential. The number of expenses necessary to ensure the economic security of the enterprise’s activities must be determined by the management bodies independently based on the scale of production, the specifics of technological processes, the state of the material and technical base, the number of possible losses, etc. This means that when making management decisions regarding the direction of the use of material, financial, and investment resources, it is necessary to proceed first from the need to ensure economic security as a basis for the stability and sustainable development of the enterprise. The priority of using resources to ensure economic security is explained by the role it plays in the activities of enterprises. Based on the example of financial security, the indicators that can be used to assess its condition are established. Comparison with marginal indicators makes it possible to assess the state of financial security and make timely management decisions regarding its change. Keywords: economic security, risks, threats, enterprise development potential, ways to ensure economic security.