Actual problems of innovative economy and law

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Prerequisites for the development of the system of managing the financial and economic security of business in the system of the global economic environment

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УДК: 336.1.02-0.49.5

DOI: https://doi.org/10.36887/2524-0455-2024-1-21

Harahulia Arthur,
Postgraduate Student,
Admiral Makarov National University of Shipbuilding,
https://orcid.org/0000-0001-5829-2112

Analysis of the financial and economic security management system of business in the system of the global economic environment requires a detailed study of the prerequisites for the development of the corresponding system in the context of ensuring the stability and viability of business, adaptation to changes in the global environment, optimization of costs and resources, strengthening of competitive positions, attraction of investments and responsibility to society. In the global economic context, enterprises face various external and internal risks. Researching the prerequisites allows for developing effective mechanisms for identifying, analyzing, and minimizing potential threats, thereby ensuring stable operation and development of the enterprise. Globalization of the economy, political fluctuations, changes in legislation, currency fluctuations, technological innovations, and other global challenges require business flexibility and the ability to adapt quickly. The article analyzes the prerequisites for developing a financial and economic security management system for business in the global economic environment. Previous studies indicate the need for an integrated approach to managing a business’s financial and economic security, including risk management, innovation, intellectual property protection, digitization of processes, and a responsible attitude to social and environmental aspects of activity. The need to transform the management system of financial and economic security of business is caused by factors that require companies to be flexible, innovative, and resistant to external and internal challenges of the modern globalized world. It was determined that digitalization processes and technological development largely influenced the transformation of the business’s financial and economic security management system. Rapid advances in digital technologies such as blockchain, artificial intelligence, big data, and the Internet of Things fundamentally change how we do business. This requires companies to implement new approaches to data management, cybersecurity, and information technology to ensure financial security.

Keywords: management, financial and economic security, business, global economic environment.

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The article was received 26.12.2023

Quote article, APA style

Harahulia A. 26.12.2023. Prerequisites for the development of the system of managing the financial and economic security of business in the system of the global economic environment. Actual problems of innovative economy and law. 2024. №1. 103-106 pp. https://doi.org/10.36887/2524-0455-2024-1-21

Quote article, MLA style

Harahulia A. Prerequisites for the development of the system of managing the financial and economic security of business in the system of the global economic environment. Actual problems of innovative economy and law. 26.12.2023. https://doi.org/10.36887/2524-0455-2024-1-21