Baltic Journal of Economic Studies (Dec 2023)

MANAGEMENT OF ECONOMIC SECURITY OF ENTERPRISES IN THE CONTEXT OF DIGITAL TRANSFORMATION

  • Arthur Harahulia,
  • Vladyslav Suslov,
  • Oleksiy Horovoy

DOI
https://doi.org/10.30525/2256-0742/2023-9-5-87-93
Journal volume & issue
Vol. 9, no. 5
pp. 87 – 93

Abstract

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The subject of the study is the management of economic security of enterprises in the context of digital transformations. Methodology. The research uses general scientific methods, in particular: theoretical generalisation; methods of analysis and synthesis and statistical analysis, and the graphical method to visualise the results of the study. The article is aimed at highlighting the results of a study of economic security management of enterprises in the context of digital transformations. Conclusion. The article analyses the economic security of enterprises in the context of global challenges. The impact of the war on the country's economy as a whole is underestimated and has far-reaching studies at both the macro- and micro-levels. It has been determined that at the beginning of the full-scale Russia's invasion on the territory of Ukraine, there was a significant reduction in the main economic indicators of enterprises' performance compared to the previous year. The analysis showed that the volume of products (goods, services) sold in 2022 decreased by 3,8 million UAH compared to the previous year, but remained at the level of the years before the pandemic, as well as the nature of the increase in business activity due to completely closed ports and an inadequate logistics system. At the same time, the number of business entities decreased by 223 thousand units, but their number only increased during the pandemic. It was noted that the acute shortage of personnel begins in 2022 with a significant decrease in the number of employees by 1,4 thousand persons. It was emphasised that over the past ten years, the number of employed workers has fluctuated around 8 thousand people and has not decreased, and in 2022 this figure was 7,5 thousand people. The economic security management system was improved, which is based on security levels and has a complex operating system that takes into account the external environment (customers, competitors, suppliers, etc.). A system for managing economic security in the context of digital transformation is proposed, based on the characteristics of the sublevels of security - financial, economic, social, information, environmental and security. It is emphasized that the main element of improving the economic security management system is to take into account the strengthening tools, such as risk insurance, forecasting, modelling, etc.

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