Strategic enterprise management based on the modeling of its economic security

Abstract

strategIc enterprIse ManageMent BaseD On the MODelIngOf Its ecOnOMIc securIty purpose. Justification of the methodological approach to the strategic management of reserves for the growth of economic security of enterprises and the provision of appropriate recommendations for this purpose (by the example of METINVEST HOLDING LLC, mining enterprises of the Kryvyi Rih ironore basin).Methodology. A system of the following general scientific and special methods was used to achieve the research goal: mathe matical and statistical methods -to assess the economic security of selected enterprises; methods of correlation and regression analysis -to form a system of indicators of the greatest impact on the economic security of the enterprise; econometric modeling methods -to predict the value of the integrated indicator of economic security of the enterprises; structured system method -to determine the reserves of economic security growth for each business structure; matrix methods -to form a strategic field and determine the place of each of the enterprises under study within this field.findings. The authors have analyzed the dynamics of the economic security of mining enterprises in the Kryvyi Rih ironore basin from 2014 to 2018. Multivariate correlation and regression models have been built that allow determining the calculated (maximum possible) value of the integral indicator of the economic security of the enterprises under consideration. After compar ing a defined (actual) and calculated value of economic security of the studied elements of the economic security system, its growth reserves for each business structure have been determined. The economic security trend of each mining enterprise in the Kryvyi Rih ironore basin until 2021 has been determined, which is characterized by an upward or downward slope of the economic safety values of the enterprises under consideration, predicted by the models and the prospect of achieving the maximum value of it. The resulting characteristics of the economic security value of enterprises predicted based on the trending models make it pos sible to build a strategic field of basic strategies according to Michael H. Mescon and determine the position of each enterprise within it.Originality. The authors offer a methodological approach to the strategic management of the growth reserves of the economic security of the enterprise, which is defined as a result of the study that is based on the improvement of the instrumental apparatus, which, in contrast to the existing ones, allows synchronizing both temporal and spatial parameters, significantly increasing the efficiency of managerial decisionmaking.practical value. The methodological approach to the strategic management of the use of reserves for the growth of the eco nomic security of the enterprise allows synchronizing the strategic management of the enterprise with the modeling of the eco nomic security level. This ensures the economic security of the enterprise to a fuller extent.

Untitled

“…B. Derevyanko et al (2021) analysed the role of economic security in modern enterprise management, highlighting its key impact on the stability and viability of enterprises. The results of the analysis covered various aspects of economic security aimed at ensuring efficient operation and considering possible risks, such as fluctuations in product prices, the impact of climate change and global market trends.…”

Strategic management of companies' adaptive behavior

“…Other studies determine the sequence of evaluation of opportunities, more specifically the company's survival capacity. Based on a comprehensive assessment, the author suggests that the survival capacity is a comprehensive indicator, the components of which are appraised by experts (Derevyanko et al, 2021; Kotsupatriy et al, 2020; Smerichevska et al, 2022; Wang et al, 2022; Yan & Fang, 2022; Yusupbekov et al, 2022). To avoid subjectivity in the development of methodological approaches based on the expert judgments, a detailed questionnaire, with unambiguous answers, independent of the respondents' perceptions, should be developed.…”