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Financial security of the enterprise: Vector of management

Author

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  • М. Kupyra
  • S. Ivanisik

Abstract

The vector of financial security management of the enterprise directly depends on such components as financial stability, liquidity, efficiency, which ultimately form a financial strategy for the long term proved in the article. Therefore, the theoretical and applied postulates of the research constructed in this way. It is established that under the management of financial security of the enterprise we define the protected stable condition of the enterprise at which neutralization of influence of negative factors is traced. This ultimately works to improve the financial situation and basically leads to self-fulfillment, self-reproduction, effective management, sustainable development and the formation of a quality investment climate. The concept of the financial security management system of the enterprise formed, which works through the efficiency of financial management, interaction of financial resources and the total effect of the result, which systematically assess the level of financial security through indicators. Strategic financial security management is subject to evaluation through vector benchmarks. Ensuring an optimal level of financial security through threat assessment and neutralization. Maintaining financial security works through security and efficiency. Developed by forming strategic architecture vector guidance to ensure financial security, based on a system of selecting the type of financial strategy through the formation principles and performance indicators that enhance security status. The effect of the implementation of the type of financial strategy in the system of financial security, which is to ensure economic, super-additive and financial effects for the company, substantiated. Financial security is a direction of development of financial activity of the enterprise, strengthening of a condition of social and economic safety, reliability and safety that testifies to the adjusted system of effective financial management. After all, it is inequalities in the formation and distribution of financial resources that provoke the loss of the optimal level of financial potential, require the company to respond quickly to challenges

Suggested Citation

  • М. Kupyra & S. Ivanisik, 2021. "Financial security of the enterprise: Vector of management," E-Forum Working Papers, Economic Forum, vol. 11(4), pages 79-84, November.
  • Handle: RePEc:cuc:eforum:v:11:y:2021:i:4:p:79-84
    DOI: https://doi.org/10.36910/6775-2308-8559-2021-4-11
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