Matukhno Yulia, Master’s student of the Department of Management and Economic Security, Bohdan Khmelnytsky National University of Cherkasy, Cherkasy, Ukraine

ORCID ID: 0000-0002-1657-9171
e-mail: matukhno.30@gmail.com

Kutsenko Dmytro, Postgraduate Student, Department of Management and Economic Security, Bohdan Khmelnytsky National University of Cherkasy, Cherkasy, Ukraine

ORCID ID: 0000-0001-6379-2330
e-mail: lawagens@gmail.com

The Need for Transformations of Enterprises’ Mechanism of Economic Security Management in the Context of the Fourth Industrial Revolution Risks Spread

Abstract. Introduction. The state of economic security of the enterprise determines its ability to develop its own potential and maintain the level of competitiveness, as well as ability to counteract the negative impact of external and internal environment and prevent the risks that are characteristic of it. The number of risk factors for the normal operation of domestic enterprises has increased in the context of the trends spread of the Fourth Industrial Revolution. An important step in establishing a modern integrated economic security system is the formation of a management mechanism that will ensure the effectiveness of the process of identifying and neutralizing both traditional and emerging risks to industrial enterprises, many of which belongs to the critical infrastructure of the country and are therefore strategically important for maintaining industrial potential and maintaining the state of national security.

Purpose. The purpose of the article is to determine the vectors of transformation of the essence, functions, main stages of creating a mechanism for managing the economic security of an industrial enterprise, able to counteract the negative consequences of the risks of the Fourth Industrial Revolution.

Results. The article reveals the essence of the mechanism of economic security management and defines its main elements. It is offered to divide the functions of the mechanism of economic security management of the enterprise into preventive and anti-crisis management in order to ensure timely counteraction to the risks of the environment of the industrial enterprise. The short characteristic of the stages of industrial enterprise economic security management mechanism formation is given, features of functioning of the economic security management mechanism in the conditions of tendencies distribution of the Fourth Industrial Revolution are considered.

Conclusion. As a result of studying the basics of building a modern, risk-oriented industrial enterprise economic security management mechanism, it was found that due to its elements such as methods, resources, tools and levers of economic security, it becomes possible to effectively overcome the impact of traditional and innovative risks on corporate resources of enterprises and on the success of the process of meeting the economic interests of different groups of its stakeholders. Implementation at the applied level of the outlined stages of enterprise economic security management mechanism formation allows to apply its functionality in the future to ensure economic stability, strategic prospects and competitiveness of the business structure in the risk of the Fourth Industrial Revolution.

Keywords: economic security; management; mechanism; industrial enterprise; risk; Fourth Industrial Revolution; anti-crisis management; preventive management.

References:

1. Zachosova, N. & Herasymenko, O. & Shevchenko, A. (2018). Risks and possibilities of the effect of financial inclusion on managing the financial security at the macro level. Investment Management & Financial Innovations, 15 (4), 304-319 [in English].
2. Zachosova, N. & Babina, N. & Zanora, V. (2018). Research and methodological framework for managing the economics security of financial intermediaries in Ukraine. Banks and Bank Systems, 13 (4), 119-130 [in English].
3. Zanora, V. O. (2011). Ekspertnyj metod analizu ryzykiv promyslovogho pidpryjemstva. Upravlinnja proektamy ta rozvytok vyrobnyctva, 2(38), 95-101 [in Ukrainian].
4. Koval, O. V. (2020). Strategic management of economic security system of business entities: theoretical aspects. Bulletin of the Cherkasy National University. Economic Sciences, 1, 40-47 [in English].
5. Kovalenko, A. (2020). Personnel security as an element of human resources (personnel) policy in the economic and financial security system of the business entity. European journal of economics and management, 6 (1), 100-106 [in in English].
6. Salojid, S. V. (2017). Mekhanizm upravlinnja ekonomichnoju bezpekoju pidpryjemstva: teoretychnyj aspekt. Ekonomichnyj visnyk Nacionaljnogho tekhnichnogho universytetu Ukrajiny «Kyjivsjkyj politekhnichnyj instytut», 14, 250-254 [in Ukrainian].
7. Illjashenko, O. V. (2015). Poghorelov Ju. S. Peredumovy formuvannja mekhanizmu upravlinnja systemoju ekonomichnoji bezpeky pidpryjemstva. Visnyk Khmeljnycjkogho nacionaljnogho universytetu, 4 (2), 151-165 [in Ukrainian].
8. Shatokhin, A. L. & Ighnashkina, T. B. (2014). Sutnistj ta skladovi element mekhanizmu upravlinnja ekonomichnoju bezpekoju pidpryjemstva. Biznes-inform, 2, 396-402 [in Ukrainian].
9. Fedotova, T. A. & Bilousova, D. V. (2016). Upravlinnja ekonomichnoju bezpekoju. Aktualjni problem ekonomiky ta upravlinnja v umovakh systemnoji kryzy [Actual problems of economy and management in the conditions of systemic crisis], Vseukrajinsjkoji naukovo-praktychnoji konferenciji [All-Ukrainian scientific-practical conference]. Ljviv: Ljvivsjkyj instytut MAUP, 675 [in Ukrainian].
10. Vasyljjev, O. V. (2013). Formuvannja systemy upravlinnja ekonomichnoju bezpekoju promyslovykh pidpryjemstv. Ekonomichnyj analiz, 2 (14), 138-145 [in Ukrainian].
11. Naumenko, Je. Ju. (2017). Mekhanizm upravlinnja ekonomichnoju bezpekoju pidpryjemstva v umovakh kryzy. Molodyj vchenyj, 6, 462-466 [in Ukrainian].
12. Kolodjazhna, I. V. & Bukrina, K. A. (2019). Ekonomichna bezpeka v systemi stalogho funkcionuvannja pidpryjemstva. Naukovyj visnyk Uzhghorodsjkogho nacionaljnogho universytetu, 23 (1), 135-140 [in Ukrainian].
13. Onishhenko, M. L. & Sjurkalo, B. I. (2018). Osoblyvosti mekhanizmu upravlinnja ekonomichnoju bezpekoju pidpryjemstva. Ekonomika i suspiljstvo, 16, 446–452 [in Ukrainian].
14. Orlyk, O. V. (2015). Mekhanizm upravlinnja finansovo-ekonomichnoju bezpekoju pidpryjemstva ta jogho osnovni skladovi. Finansovo-kredytna dijaljnistj: problem teoriji ta praktyky, 2, 222–232 [in Ukrainian].
15. Koleshnja, Ja. O. (2016). Rozrobka mekhanizmu upravlinnja ekonomichnoju bezpekoju malykh ta serednikh pidpryjemstv. Problemy i perspektyvy rozvytku pidpryjemnyctva, 3(1), 36-41 [inUkrainian]