| Issues | Sections | Authors | Keywords |
Article
| Issue: | 2020 №3 (71) |
| Section: | Management |
| UDK: | 330.131.7 |
| DOI: | https://doi.org/10.33271/ebdut/71.098 |
| Article language: | Ukrainian |
| Pages: | 98-108 |
| Title: | Risk-management technology as an element of the economic security system of a business entity |
| Authors: | Musienko V. O., Kharkov National University of Radio Electronics, Zinchenko M. E., Kharkov National University of Radio Electronics |
| Annotation: | Methods. The results were obtained through the use of the following methods: theoretical generalization – to substantiate the main provisions of the definitions «economic security», «economic security system» and «risk management»; analysis and synthesis – to highlight the main directions for assessing tools for managing the economic security of an enterprise and risk management; classification – to systematize the threats that an enterprise may face in the course of its activities. Results. The article examines the place and role of risk management technology in the system of ensuring the economic security of an enterprise. The essence of economic security is considered, its priority goals are identified, and a multilevel system of economic security of an enterprise is built. A systematization of threats has been investigated, which simplifies the accurate identification of each type of threat and reveals the potential for effective threat management through the application of appropriate methods. An algorithm for assessing management tools for the economic security of an enterprise and an algorithm for risk management have been developed. The use of financial engineering tools in risk management is analyzed. Modern financial innovative instruments have been investigated. Novelty. The study established that traditional approaches to reducing risks under unstable environment are ineffective. The relationship between the economic security of a business entity and financial engineering has been substantiated, and the use of innovative tools for risk management has been proposed. Practical value. Ensuring the economic security of an enterprise is an urgent goal of management, the achievement of which becomes vital under unstable external environment. Today, taking in account the crisis situation, innovative technologies and risk management tools are of particular importance. Organizations must have an arsenal of innovative tools to be able to build an effective risk management system that is adapted to changes in the external environment, which will help to achieve a state of protection of the enterprise from the negative impact of threats. |
| Keywords: | Economic security of an enterprise, A system of ensuring economic security, Algorithm, Threats, Dynamic environment, Development, Competitiveness, Innovative tools, Financial engineering, Risk management |
| File of the article: | EV20203_098-108.pdf |
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