Concept and Method for Determining Economic Security Level of Innovative Enterprises

Abstract

The study focuses on the organization of the economic security system in innovative enterprises that are most affected by external and internal factors due to the presence of a high degree of uncertainty. The essence and principles of economic security, as well as the reasons that reduce the high level of security of the enterprise, are determined. Based on the results of studying the problem, the stages to increase the economic security level are highlighted in general terms. The need for continuous monitoring of the company's state has predetermined the development of an economic security system that contains responsibility centers, a set of indicators, information flow channels, security improvement directions, and measures to eliminate or prevent threats. The main part of the study is the author's method of assessing the economic security level, based on the use of an integral indicator, which is interpreted using a ten-point scale. The calculation of the integral indicator is based on expert analysis, which assumes the presence of a factor of subjectivism, which is a disadvantage, but it is eliminated with proper selection of specialists in the working group. The article presents a practical example of applying the developed methodology to a specific innovative enterprise using an individual system of indicators. Measures to eliminate problems related to the violation of the innovative enterprise security, are proposed.