Financial and economic security system strategic management as an independent direction of management

¹ Bohdan Khmelnytsky National University of Cherkasy, Department of the Enterprise Economics, Accounting and Audit, Cherkasy, Ukraine
² Bohdan Khmelnytsky National University of Cherkasy, Department of Management and Economic Security, Cherkasy, Ukraine
³ Cherkasy State Technological University, Department of Economics and Entrepreneurship, Cherkasy, Ukraine

^* Corresponding author: natazachosova@gmail.com

Abstract

The scientific views of domestic researchers regarding the definition of financial and economic security using the basics of the systematic approach are generalized. The author's vision on the definition of financial and economic security system is proposed. The main shortcomings of existing approaches to the process of formation of financial and economic security system as an object of management are revealed and systematized. The main defects and miscalculations in security management both – at the micro and macro levels are identified. The 16-component model of management of financial and economic security (PROM) was proposed. The conceptual foundations of security oriented strategic management are specified. Three strategies offered for achieving economic and financial security: Strategy for achieving financial and economic security on the basis of branding, image and reputation (BIR strategy), Strategy for achieving financial and economic security through partnerships with stakeholders and ensuring their interests (Strategy of PIS), Strategy for achieving the state of financial and economic security through the interconnection of experts, control and standardization (Strategy of ECS).