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THE MECHANISM OF ECONOMIC SECURITY OF COMPANY AS INSTRUMENT OF PROVIDING ITS SUSTAINABLE DEVELOPMENT

N.I. Aksenova, E.A. Prikhodko

First published: 2017https://doi.org/10.5593/sgemsocial2017/13/S03.081View metrics

Abstract

Background: This article addresses the problem of financial security. This topic is very interesting and has been chosen for us because issues relating to the development of companies than ever relevant today. The article is devoted to the complex research of financial security as a factor for sustainable growth companies. In the study, we set the following key objectives: to consider the main factors influencing the growth of companies, identify the key factors of influence, consider the specific situations and experiences of various organizations in real life. On the basis of the purposes of conclusions and recommendations. Financial stability is the main condition of ensuring economic security of the enterprise. The strategy of economic security can be summarized as the formation of long-term goals, the achievement of financial independence by the company and the selection of the most effective ways of their development, the preservation of market positions and getting competitive advantages of the enterprise in the long-term. Economic security does not qualify as state of the system, and vice versa - the dynamics involves not only the construction of evaluation system, but also the creation of a mechanism to ensure that the state, the safety of the system by the destabilizing effects of factors (foreseen and unforeseen). In every organization there are factors and threats affecting the operation. Necessary systematization of threats to assess in the context of the activities of all organizations considered separately. There is justification for the value of profit as a factor affecting the economic security of the enterprise. Profit presence allows offset the costs, time to perform calculations with the budget and contracting, hiring highly qualified staff, to raise the intellectual potential of the staff contribute to raising the level of environmental and social responsibility, thus ensuring the normal process of reproduction. Methods: To assess the profits as a factors affecting the economic security the enterprise , in this article we used the statistical methods (time-series analysis, extrapolation) and methods of system analysis (classification, analogy); when we considered the factors and risks that affect the functioning of the organizations the method of morphological tables are used. Results: Classification of profit for accounting purposes, depending on the success of the risk situation. Productive profit management involves the construction of the enterprise organizational and methodological principles of the system, providing for the organization of accounting and analytical support of management, containing several pieces of information. Conclusions: In this article, all the tasks were considered the most widely and fully, which allowed to make correct conclusions about the work done and accurately identify the main points of the topic.

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Publication details

Title
THE MECHANISM OF ECONOMIC SECURITY OF COMPANY AS INSTRUMENT OF PROVIDING ITS SUSTAINABLE DEVELOPMENT
Authors
N.I. Aksenova, E.A. Prikhodko
Proceedings
4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017
Publisher
STEF92 Technology
Year
2017
Pages
645-652
SWS Citekey
Aksenova20173645652
ISSN
2367-5659
ISBN
978-619-7408-15-7
Language
en
Publication type
Proceedings Paper
Keywords
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