Tools for Sustainable Development of High-Tech Enterprises in the Face of Current Challenges and Threats

Abstract

The current challenges and threats undermine economic security of the most
 production enterprises, primarily as the result of such environmental factors, as
 sanctions and declining oil prices, which in turn significantly affects the whole
 Russian economy, heavily dependent on energy resources exports. These
 external factors also threaten the financial stability and create prerequisites for
 crisis situations at the enterprises, ultimately undermining their economic
 security. The paper reveals the close relationship between such concepts, as
 sustainability and economic security, and shows the role of financial strategy as
 one of the tools to ensure sustainable development of an enterprise under the
 mentioned conditions. The research findings are considered through the case
 study of high-tech enterprises within the defence-industrial complex of this
 country.