Strategy for ensuring economic security of micro- and small-sized enterprises

Keywords: Strategy, Economic Security, Threats, Microenterprises, Business, Partnership

Abstract

Current global trends encourage the consideration of measures to develop small and micro businesses. The aim of the article is to develop a strategy for economic security of small and microenterprises, which will ensure the development of enterprises in the future. When conducting a study of the state of development of the small and microenterprise system in Ukraine, the method of statistical grouping, based on typological features and analytics, was used. To characterize economic security and highlight threats to development, the method of generalization and comparison was used. The paper studies the dynamics of the development of a small and microenterprise system of Ukraine. It was determined that during the period 2011-2018 there was a decrease in the number of small and microenterprises by 17.5%. The above-mentioned regulates the feasibility of developing a system of ensuring economic security, which will prevent a decrease in the number of enterprises of a small and micro business in the future. Business development experience shows that a proposed system must take into account the specifics of small and microenterprises. The study showed that the state of economic security is due to protection from a number of economic threats. In the conditions of a small and microenterprise, economic threats should be grouped according to the direction of their implementation. The article singles out the following threats: of innovation, competition, enterprise, finance and jurisprudence. In this regard, the economic security structure should provide for the neutralization of the negative consequences of the threats of the components: innovative security, competitive security, business security and financial and legal security. In order to neutralize the negative consequences of the implementation of threats to economic security, it is advisable to propose a partnership agreement strategy. The latter includes the development of partnership agreements in the areas of marketing, logistics, integration, legal and financial cooperation.

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Author Biographies

Kateryna Astafieva, Kryvyi Rih National University, 11, Vitaly Matusevich str, Kryvyi Rih, 50027, Ukraine

PhD (Economics), Associate Professor

Hanna Temchenko, Kryvyi Rih National University, 11, Vitaly Matusevich str, Kryvyi Rih, 50027, Ukraine

PhD (Economics), Associate Professor

Olga Bondarchuk, Kryvyi Rih National University, 11, Vitaly Matusevich str, Kryvyi Rih, 50027, Ukraine

PhD (Technical Science), Associate Professor

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Published
2020-07-24
How to Cite
Astafieva, K., Temchenko, H., & Bondarchuk, O. (2020). Strategy for ensuring economic security of micro- and small-sized enterprises. Social Economics, (59), 58-64. https://doi.org/10.26565/2524-2547-2020-59-07
Section
ENTREPRENEURSHIP