Strategic tools of financial and economic security of business processes of enterprise development

Authors

  • Uliana Nikonenko D.Sc. in Economics, Professor, Professor of the Department of Management and Marketing in Publishing and Printing, Educational and Scientific Institute of Printing and Media Technologies Lviv Polytechnic National University https://orcid.org/0000-0002-6015-6248
  • Serhii Pshono Post-graduate student of the Department of Management and Marketing in Publishing and Printing, Educational and Scientific Institute of Printing and Media Technologies Lviv Polytechnic National University https://orcid.org/0009-0000-4989-842X

DOI:

https://doi.org/10.5281/zenodo.15069753

Keywords:

strategic tools, financial and economic security, business processes, security potential, external environment, anti-crisis planning, diversification, corporate governance

Abstract

The article identifies the relevance of the strategic toolkit for financial and economic security of business processes of enterprise development, which appears as an integral factor in ensuring competitiveness in a changing external environment. Based on theoretical analysis, it is proven that the effective application of strategic risk management methods and anti-crisis planning allows for timely response to threats and maintain the stability of financial indicators. Particular attention is justified by the need for a holistic approach to the formation of security potential, which covers various aspects of activity: financial planning, personnel policy, internal control system and market trend analytics. The paper establishes that the key components of the strategic toolkit are an early warning and monitoring system, diversification of financial flows, anti-crisis planning and corporate governance with an emphasis on transparency and accountability. Each of these elements contributes to minimizing losses and protecting against potential losses. The strategic and tactical effects of implementing a financial and economic security system are also characterized. Among the strategic benefits are the strengthening of long-term stability, increasing attractiveness for investors, and the formation of a flexible management structure. The tactical level reflects the operational advantages associated with the rapid identification of problems and the adaptation of business processes to market fluctuations. It is concluded that the combination of strategic and tactical approaches provides the highest level of financial and economic security. The article emphasizes the importance of the human factor, since the success of security measures largely depends on the qualifications of personnel and corporate culture. An attempt is made to generalize and systematize the main protection mechanisms, and directions for further research in the field of forming integrated security systems are outlined. The materials may be useful for scientists, managers, and specialists who seek to increase the efficiency of financial and economic activities and ensure the safe development of the enterprise.

Published

2025-03-23

How to Cite

Nikonenko, U., & Pshono, S. (2025). Strategic tools of financial and economic security of business processes of enterprise development. Current Issues of Economic Sciences, (9). https://doi.org/10.5281/zenodo.15069753