Areas of strategic management of business entities` economic security: risks and opportunities

Abstract

The relevance of the research is explained by the need to develop effective strategies for maintaining the level of economic security of enterprises and other business structures in the long term. In the context of the influence of numerous risks on the financial and economic state of economic entities, the long-term planning of the results of their activities and the foresight of financial indicators become a problematic management aspect. In view of this, it becomes necessary to develop theoretical and methodological approaches to strategic economic security management of business. Purpose. The aim of the study is to search for directions of strategic economic security management of business entities, to identify strategic risks for the efficient and profitable functioning of enterprises and to characterize the opportunities for business entities whose top management decides on the implementation of strategic economic security management. Research methods. The research methods were theoretical analysis and content analysis of materials devoted to the problems of strategic management and economic security management, as well as the generalization method, which was used to develop the author's proposals and conclusions based on the results of the research conducted. Results. As a result of the study, it was possible to substantiate the need for strategic economic security management of business and describe its directions; to identify strategic risks to the economic security of enterprises; and to make assumptions about the benefits that strategic management of economic security will bring to the business. JEL: D0, M1, M21