The Concept of Economic Security of Enterprise in Ukrainian Economic Thoughts

Abstract

This paper addresses the theoretical foundation for an economic concept largely present in some Eastern-European economic literature: the concept of "economic security of enterprise (ESE)". In the first part, we provide a brief explanation of the specific conditions of economic and social transformation in the post-Soviet economic science that have led to the introduction of the term "economic security of enterprise". Next, we discuss specific features of the concept based on a content analysis of Ukrainian research theses devoted to ESE. We conclude with a proposition of a definition of ESE, discussions of possible managerial application of this concept and determination of challenges for further research.Keywords: economic security, economic security of the enterprise (ESE), post-Soviet countries, threat, risk management Streszczenie: Artykuł dotyczy teoretycznej podstawy koncepcji ekonomicznej, która jest wyraźnie obecna we wschodnioeuropejskiej literaturze ekonomicznej: koncepcji "bezpieczeństwa ekonomicznego przedsiębiorczości". W pierwszej części zarysowano specyficzne warunki transformacji gospodarczo-społecznej w postsowieckiej nauce ekonomicznej, które przyczyniły się do wprowadzenia terminu "bezpieczeństwo ekonomiczne przedsiębiorczości". Następnie omówiono specyficzne cechy tej koncepcji w oparciu o analizę treści ukraińskich prac badawczych poświęconych bezpieczeństwu ekonomicznemu przedsiębiorczości. W zakończeniu przedstawiono propozycję definicji bezpieczeństwa ekonomicznego przedsiębiorczości, rozważania dotyczące możliwej aplikacji tej koncepcji w zarządzaniu oraz określono wyzwania dla dalszych badań.Słowa kluczowe: bezpieczeństwo ekonomiczne, bezpieczeństwo ekonomiczne przedsiębiorczości (ESE), państwa postsowieckie, zagrożenie, zarządzanie ryzykiem

Enterprise Economic Security: Scientific View and Business Reality

“…Therefore, the chosen research strategy and methods allows reaching the main goal of this research. The views on how to define economic security of the enterprise and what components to include differ among researchers [1], [8], [12] When the concept emerged, one of the dominant approaches was an approach that linked economic security with the physical safety of the tangible and intangible assets of the enterprise, and sometimes physical security of owners and managers of the enterprise. Also most often, scientists connect this concept with threats, performance, development, external environment, stability, interests, and achievement of goals, protection of resources and capital, reproduction, losses, adaptation and the system.…”

“…While the scientists in the post-Soviet countries were actively discussing definitions, components and management of enterprise economic security, this concept remained unknown to western colleagues [1]. Abiding to the principle of succession in scientific research, western science continued to operate with commonly used and much better defined and tested concepts of competitiveness, business survival, bancrupcy, and corporate security.…”

“…Interesting but some rare American sources used long time ago the term "economic security of the firm" [1]. However this term was not used later and was lost among other scientific trends dominating during different periods of time.…”

“…The main difficulties of utilization of the term "economic security of the enterprise" or "enterprise economic security" are discussed in the research of Y. Shutyak [3] and Y. Shutyak, O. Danylenko. D. Van Caillie [1]. First, linguistics is important.…”

“…Those few papers recently published in English, e.g. [1], [4], [5], [6], [7], [8] in addition to some translated works or extended abstracts have not yet created a critical basis to attract attention of the world science.…”