Strategic enterprise management based on the modeling of its economic security
/ 0
- Details
- Category: Content №1 2021
- Last Updated on 05 March 2021
- Published on 30 November -0001
- Hits: 3287
Authors:
B.V.Derevyanko, orcid.org/0000-0001-7408-8285, Donetsk Law Institute of the Ministry of Internal Affairs of Ukraine, Kryvyi Rih, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.; Academician F.H.Burchak Scientific Research Institute of Private Law and Entrepreneurship of the National Academy of Legal Sciences of Ukraine, Kiev, Ukraine
O.V.Rozhenko, orcid.org/0000-0002-9358-5436, Donetsk Law Institute of the Ministry of Internal Affairs of Ukraine, Kryvyi Rih, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
T.V.Khailova, orcid.org/0000-0001-6106-2027, Donetsk Law Institute of the Ministry of Internal Affairs of Ukraine, Kryvyi Rih, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
V.M.Hrudnytskyi, orcid.org/0000-0003-3161-4147, State Institution of Higher Education Donetsk National Technical University, Pokrovsk, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
O.S.Podskrebko, orcid.org/0000-0001-5282-4691, National Aviation University, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2021, (1): 171 - 176
https://doi.org/10.33271/nvngu/2021-1/171
Abstract:
Purpose. Justification of the methodological approach to the strategic management of reserves for the growth of economic security of enterprises and the provision of appropriate recommendations for this purpose (by the example of METINVEST HOLDING LLC, mining enterprises of the Kryvyi Rih iron-ore basin).
Methodology. A system of the following general scientific and special methods was used to achieve the research goal: mathematical and statistical methods to assess the economic security of selected enterprises; methods of correlation and regression analysis to form a system of indicators of the greatest impact on the economic security of the enterprise; econometric modeling methods to predict the value of the integrated indicator of economic security of the enterprises; structured system method to determine the reserves of economic security growth for each business structure; matrix methods to form a strategic field and determine the place of each of the enterprises under study within this field.
Findings. The authors have analyzed the dynamics of the economic security of mining enterprises in the Kryvyi Rih iron-ore basin from 2014 to 2018. Multivariate correlation and regression models have been built that allow determining the calculated (maximum possible) value of the integral indicator of the economic security of the enterprises under consideration. After comparing a defined (actual) and calculated value of economic security of the studied elements of the economic security system, its growth reserves for each business structure have been determined. The economic security trend of each mining enterprise in the Kryvyi Rih iron-ore basin until 2021 has been determined, which is characterized by an upward or downward slope of the economic safety values of the enterprises under consideration, predicted by the models and the prospect of achieving the maximum value of it. The resulting characteristics of the economic security value of enterprises predicted based on the trending models make it possible to build a strategic field of basic strategies according to Michael H.Mescon and determine the position of each enterprise within it.
Originality. The authors offer a methodological approach to the strategic management of the growth reserves of the economic security of the enterprise, which is defined as a result of the study that is based on the improvement of the instrumental apparatus, which, in contrast to the existing ones, allows synchronizing both temporal and spatial parameters, significantly increasing the efficiency of managerial decision-making.
Practical value. The methodological approach to the strategic management of the use of reserves for the growth of the economic security of the enterprise allows synchronizing the strategic management of the enterprise with the modeling of the economic security level. This ensures the economic security of the enterprise to a fuller extent.
Keywords: economic security, mining enterprise, growth reserves, level trend, basic strategy, management
References.
1. Global Competitiveness Report 2019. The World Economic Forum. Retrieved from https://www.weforum.org/reports/global-competitiveness-report-2019.
2. Ministry of Economic Development and Trade of Ukraine (2018). Economic development in terms of regions of Ukraine (following the results of 2018). Retrieved from http://www.me.gov.ua.
3. On Approval of the Forecast of Economic and Social Development of Ukraine for 20202022. Resolution of the Cabinet of Ministers of Ukraine No. 555 dd. May 15, 2019. Retrieved from https://zakon.rada.gov.ua/laws/show/555-2019-%D0%BF.
4. Leszczyski, M. (2017). The economic dimension of security. Zeszyty Naukowe Polskiego Towarzystwa Ekonomicznego w Zielonej Grze, 6, 83-89. https://doi.org/10.26366/PTE.ZG.2017.82.
5. Pardo, S. (2020). Models, Models EverywhereModel Selection. In: Statistical Analysis of Empirical Data, (pp 121-160). Springer, Cham. https://doi.org/10.1007/978-3-030-43328-4_11.
6. Ammar, O. (2014). Lapproche des fonds dinvestissement dans lexprimentation stratgique du Business Model. Humanisme et Entreprise, 316(1), 47-66. https://doi.org/10.3917/hume.316.0047.
7. Staniewski, M., Szopiski, T., & Awruk, K. (2016). Setting up a Business and Funding Sources. Journal of Business Research, 69(6), 2108-2112 https://doi.org/10.1016/j.jbusres.2015.12.016.
8. Staniewski, M.W., Nowacki, R., & Awruk, K. (2016). Entrepreneurship and innovativeness of small and medium-sized construction enterprises. International Entrepreneurship and Management Journal, 12(3), 861-877 Retrieved from https://link.springer.com/article/10.1007/s11365-016-0385-8.
9. Endress, L.H. (2015). Scarcity, Security, and Sustainable Development. Sustainable Economic Development. Resources, Environment and Institution, 49-66. https://doi.org/10.1016/B978-0-12-800347-3.00003-0.
10. Reznik, O., Getmanets, O., Kovalchuk, A., Nastyuk, V., & Andriichenko, N. (2020). Financial security of the state. Journal of Security and Sustainability Issues, 9(3), 843-852. https://doi.org/10.9770/jssi.2020.9.3.
11. Dr. Csath, M., Fsi, C., Nagy, B., Plfi, N., Takss, B., & Vinogradov, S. (2019). Soft Factors of Economic Security. Academic and Applied Research in Military and Public, 18, 117-129. https://doi.org/10.32565/aarms.2019.2.7.
12. Niedzika, D., & Czyak, P. (2017). The economic security of power plants. Web of Conferences. Retrieved from https://www.e3s-conferences.org/articles/e3sconf/pdf/2017/02/e3sconf_ef2017_01007.pdf.
13. Strelcova, S., Rehak, D., & Johnson, D.E.A. (2015). Influence of critical infrastructure on enterprise economic security. Communications, 1, 105-110. Retrieved from https://www.researchgate.net/publication/271941856.
14. Bachev, H. (2017). Sustainability of Bulgarian farming enterprises during European Union common agricultural policy implementation. Journal of Applied Economic Sciences, 12(2), 422-451.
15. Rozhenko, A.V. (2017). Strategic management of the enterprise based on ensuring its economic security. Economics and Finance, (3), 90-97.
16. Annual Information. Ingulets Iron Ore Dressing Works (n.d.). Retrieved from https://smida.gov.ua/db/participant/00190905.
17. Annual Information. Northern Iron Ore Dressing Works. Retrieved from https://smida.gov.ua/db/participant/00191023.
18. Central Iron Ore Dressing Works. Annual Information (n.d.). Retrieved from https://smida.gov.ua/db/participant/00190977.
Newer news items:
- Choosing a servicing company’s strategy while interacting with freight owners at the road transport market - 05/03/2021 00:36
- The impact of knowledge components on the world competitiveness - 05/03/2021 00:36
- Mobilization of innovative and resource factors for development of national outsourcing IT companies - 05/03/2021 00:36
- Protection of the subsoil of the continental shelf of Ukraine by international and national instrumentalities - 05/03/2021 00:36
- Formation of motivational mechanism in strategic management of a diversified enterprise - 05/03/2021 00:36
Older news items:
- Institutional and socio-economic factors of the educational trend in Ukraine in the context of European integration - 05/03/2021 00:36
- Identification of globalization threats to the economic sovereignty of countries with transition economies - 05/03/2021 00:36
- Company business process optimization as an imperative of its economic security - 05/03/2021 00:36
- Investigation of the possibility of reducing errors in determining the coordinates of objects indoors by multi-frequency method - 05/03/2021 00:36
- Financing of environmental programs for industrial waste management in times of crisis - 05/03/2021 00:36
- Providing the environmental safety by increasing the efficiency of firefighting in unsheltered timber warehouses - 05/03/2021 00:36
- Improvement of the membrane-free electrolysis process of hydrogen and oxygen production - 05/03/2021 00:36
- Mathematical model for forecasting the process of electric power generation by photoelectric stations - 05/03/2021 00:36
- Method for optimization of switching frequency in frequency converters - 05/03/2021 00:36
- Experimental study on an overhead crane passing a rail track joint - 05/03/2021 00:36
Archive