Strategic enterprise management based on the modeling of its economic security

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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.


повний текст / full article



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

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ISSN (print) 2071-2227,
ISSN (online) 2223-2362.
Journal was registered by Ministry of Justice of Ukraine.
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