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Fig. 2. Factors contributing to business’ economic security 

Problems and

 Perspectiv

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 Management, 2/200

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Problems and Perspectives in Management, 2/2004

210

The afore-mentioned principles can be also supplemented by the principles of manage-

ment system functioning within safe functioning of an enterprise, proposed by A.V.Kiriyenko [7]. 

They are the following: unconditional meeting of general needs of the enterprise and its employ-

ees, flexibility of economic potential structure, which provides for its stable functioning at present 

and safe activity in the future; capability of management to rapidly react on threats and effectively 

use the existing possibilities as well as reliable and accurate informational support for planning 

and use of business’ strategies, public awareness of the necessity of creating favorable conditions 

for an enterprise to provide for its own security measures. 

An assessment of economic security is very important for industrial enterprises, since 

their active operating potential is a determining stability factor in anti-crisis development, and is a 

guarantee for economic growth and country’s economic independence and security. 

The status and tendencies of development ensuring economic security of businesses ex-

clude or minimize the damage not only to the potential of one isolated enterprise but also to the 

economy as a whole. Consequently, it is the main function of ensuring economic security. 

One of the pivotal tasks of effective modern management of ensuring economic security 

has the following features, namely: stable eagerness to increase production effectiveness; broad 

economic independence that allows for a decision-making will; ongoing adjustment of goals and 

programs depending on market situation and external environment; orientation at achieving con-

clusive results of enterprise’ planned activity; use of modern information software for various cal-

culations when making managerial decisions; change in planning – from current to perspective; 

laying special stress on all main factors to improve business performance; management assessment 

on the basis of real conclusive results; maximum use of calculus methods and computer data; in-

volvement of all company’s employees in management; execution of management on the basis 

forecasting changes, taking flexible decisions, implementation of innovations, introducing innova-

tive approach in every aspect of enterprises’ activity, taking non-standard decisions, pursuing in-

depth analysis of every managerial decision; capability to take reasonable risks, ongoing training 

and improving qualifications; acquiring a key role for marketing.