MANAGING FINANCIAL SECURITY IN ENTERPRISES: CHALLENGES DURING WARTIME
Abstract
The purpose of this study is to characterize the features of managing the financial security of enterprises during wartime challenges. It has been proven that the financial security of a modern enterprise is a complex system that prevents losses and ensures stability and resilience in financial activities. It is established that a robust system of financial security is fundamental for any enterprise's stable growth and improving its financial performance, providing protection against a variety of threats. Today, open socio-economic systems, regardless of ownership form, constantly face risks caused by changes in both external and internal environments. This necessitates their efforts to create a protected financial environment and to identify the main factors that affect their security. The overall state of a country's financial security is of great importance for the financial security of enterprises. Currently, Ukraine faces serious threats in this area, due to the wartime state which has exacerbated problems in most components of security. This poses a threat not only to the state's financial security but also to the financial well-being of enterprises, which are key elements of the national economy. Key essential features of managing an enterprise's financial security have been highlighted. The most significant threats to the enterprise's financial security management system during wartime are identified. It has been proven that managing financial security in an enterprise involves integrating the efforts of security departments and management teams focused on financial operations. Managing financial security in enterprises during wartime requires adaptation to a significantly higher level of unpredictability and potential threats. Wartime conditions lead to increased risks such as the destruction of material assets, loss of markets, disruptions in supply chains, and significant financial losses due to economic sanctions or currency instability.
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