Implementing an Integrated Approach to Ensure the Economic Security of an Enterprise

Abstract

Purpose: We initiated this research to develop methodological recommendations to facilitate the application of the major provisions of an integrated approach to ensure the economic security system of an enterprise, taking into account its system characteristics, content, and directions of development.

Methodology: The key idea of implementing the integrated approach to ensure the economic security of an enterprise lies in the completeness and comprehensive coverage, identification, and assessment of internal and external factors, challenges and threats to the enterprise functioning, as well as in a consistent and coordinated analysis of their impact on the enterprise secure state and development based on the calculation of system-forming engineering indicators of property and security.

Results: The results offer compelling evidence that the enterprise protection mechanism includes a number of factor-determining components. In the context of using modern engineering tools, they allow evaluating the effectiveness of protective measures with access to engineering indicators of property as basic indicators of economic security.

Conclusions and Recommendations: The evidence from this study suggests that the application of the integrated organizational and economic mechanism of engineering tools focuses on making sound management decisions in the context of sustainable, secure and competitive development of an enterprise. We have found a cutting-edge solution for ensuring the economic security of an enterprise by developing unique software based on the integrated model and engineering tools presented in the study.