THE IMPACT OF STRUCTURAL CHANGES ON THE ECONOMIC SECURITY OF ENTERPRISES

Yuliia Klius; Dmytrii Mykhalchuk

doi:10.32782/CMI/2024-11-11

Yuliia Klius Volodymyr Dahl East Ukrainian National University https://orcid.org/0000-0002-1841-2578
Dmytrii Mykhalchuk Volodymyr Dahl East Ukrainian National University https://orcid.org/0009-0001-2980-450X

DOI: https://doi.org/10.32782/CMI/2024-11-11

Keywords: structural transformation, economic security, enterprise, region, impact, consequences

Abstract

The article is devoted to a comprehensive analysis of the impact of structural transformations on the economic security of enterprises in the current conditions of dynamic changes in the global and regional economy. Structural transformations, which include changes in the organisational, production, technological and market spheres, have a significant impact on the ability of enterprises to ensure sustainability, financial stability, competitiveness and sustainable development. The article examines the impact of external and internal factors on the economic security of enterprises in the context of structural changes. Particular attention is paid to the key aspects of economic security, including: innovation activity, strategic planning, risk management, improving the efficiency of production processes and adaptation to new market conditions. The article analyses the main risks arising in the course of structural transformations, including increased competitive pressure, dependence on foreign markets, the need to integrate modern technologies and financial challenges. The article presents the author's approach to assessing the impact of structural changes on the economic security of enterprises. It is proposed to take into account a wide range of criteria, such as financial indicators, level of innovation, efficiency of management decisions and the ability of an enterprise to adapt to the crisis. Emphasis is placed on developing practical recommendations to improve the level of economic security of enterprises in the process of structural changes. Among the recommended measures are: introduction of an internal control system, diversification of production and market activities, investments in technology modernisation and personnel development, formation of adaptive organisational structures. The results of the study have both theoretical and practical value. They can be used by managers involved in strategic management to develop mechanisms for protecting the economic security of an enterprise. Researchers can use the findings as a basis for further research in this area. The presented material contributes to the formation of more effective approaches to the management of enterprises in the context of structural changes.

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