Risk-Oriented Management in the System of Economic Security of a Corporate Enterprise

Abstract

The article is devoted to the actual topic of ensuring the economic security of domestic enterprises in a dynamic and unpredictable environment. In order to determine a possible way for economic entities to predict and counteract the negative impact of risks, the concept of economic security of the economic entity and its main constituent elements were studied and the most important functions were also highlighted. The methodological principles of managing the economic security of the enterprise and risk management are compared, taking into account that the methodological principles of risk-oriented management in the process of ensuring the economic security of the enterprise have been developed. The developed conception includes, in particular, the coverage of all types of economic entity activity, balance, complexity and continuity. A process of the integration of risk-oriented management into the system of economic security of the enterprise and the main tasks in each of the stages are presented. It is determined that this process becomes effective only under the condition of continuous analysis of the system and monitoring of the main objects of the internal and external environment. In addition, the authors identified a number of limitations that arise in the process of integrating risk-oriented management into the economic security system of the enterprise. The main measures aimed at improving the efficiency of risk-oriented management are proposed. The theoretical value of the conducted research lies in the expansion of scientific views on risk-oriented management of the enterprise’s economic security system. The practical value lies in the formation of recommendations on the integration of risk-oriented management of economic security into the general hierarchical system of enterprise management in order to ensure the stability of functioning in the conditions of a dynamic external environment. We consider it appropriate to direct further research into the development of methodical approaches to assessing the efficiency of risk-oriented management of the enterprise’s economic security system.

Keywords

• economic security of enterprise
• risks
• risk management
• risk-oriented management of economic security
• integration.