Modeling the process of applying anti-crisis management in the system of ensuring financial security of the enterprise
Abstract
The methodological approach to the application of anti-crisis management in the system of ensuring financial security of the enterprise, unlike the existing ones, summarizes and systematizes the theoretical and methodological features of determining the main stages of anti-crisis management, based on the use of functional modelling methodology and graphical description of processes (IDEF0), significantly increases the ability enterprises adapt to a changing market environment, increase competitiveness and ensure to be stable in financial activities. A complex diagram of the IDEF0 model of applying the anti-crisis management in the process of ensuring the financial security of the enterprise is proposed. It includes input, control, output, mechanism. As a result, a decomposition of the first and the second level context diagrams of the IDEF0 model of anti-crisis management application in the process of ensuring the financial security of the enterprise was formed, which includes, in addition to input, control, output and mechanism, information about the progress of subprocesses and directives for their regulation.
Keyword : financial security, anti-crisis management, enterprise, model, system
How to Cite
Sylkin, O., Kryshtanovych, M., Zachepa, A., Bilous, S., & Krasko, A. (2019). Modeling the process of applying anti-crisis management in the system of ensuring financial security of the enterprise. Business: Theory and Practice, 20, 446-455. https://doi.org/10.3846/btp.2019.41
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Zhou B (2016) Enterprises treasury management strategy in post financial crisis era. Quality Technology and Quantitative Management 11 (2): 217-222. https://doi.org/10.1080/16843703.2014.11673338
Arefieva A, Kuzenko T (2009) Economic foundations of the formation of financial security. Actual Problems of the Economy 1: 98-103.
Barton R (1993) The anti-crisis management. Oxford Press Publishers, Oxford, 428.
Delas V, Nosova E, Yafinovych O (2015) Financial security of enterprises. Procedia Economics and Finance 27 (2015): 248-266. https://doi.org/10.1016/S2212-5671(15)00998-3
Ershova N (2009) Diagnostics in the system of crisis management of machine-building enterprises. The dissertation for the degree of candidate of economic sciences. Kharkov Polytechnic Institute. Kharkov http://www.kpi.kharkov.ua
Entringer T, Nascimento D, Ferreira A, Siqueira P, Boechat A, Cerchiaro I, Mendonça S, Ramos R (2019) Comparative analysis main methods business process modeling: literature review, applications and examples. IJAERS 6 (5). https://doi.org/10.22161/ijaers.6.5.15
Ganushchak T (2017) Dynamics of development of financial safety of the enterprise as a complex economic security of the state. Baltic Journal of Economic Studies 3 (4): 32-36. https://doi.org/10.30525/2256-0742/2017-3-4-32-37
Gavrilenko V (2018) Methodology and organization of accounting and analytical support of anti-crisis enterprise management. Abstract of dissertation for the degree of candidate of economic sciences, specialty 08.00.04 – economics and enterprise management. Odessa National University of Economics. Odessa, 41.
Golovach K (2016) Formation of a anti-crisis management mechanism in agricultural enterprises. The dissertation for the degree of candidate of economic sciences, specialty 08.00.04 – economics and enterprise management. Zhytomyr National Agroecological University. Zhytomyr, 249.
Hryhoruk P, Khrushch N, Grygoruk S (2019) Model for assessment of the financial security level of the enterprise based of the desirability scale. SHS Web Conference, vol. 65. https://doi.org/10.1051/shsconf/20196503005
Kartuzov E (2012) Definition of financial security of an enterprise: concept, content, value and functional aspects. Economics and enterprise management. Actual Problems of the Economy 8 (134): 172-181.
Lynenko A, Konyev V (2017) Assessment of financial security of enterprises association participants. Agricultural and Resource Economics: International Scientific E-Journal 3 (4): 85-95.
Malik A (2015) The formation of the mechanism of financial security management of the enterprise. Thesis for the degree of PhD. Khmelnitsky, 263.
Marchenko A (2014) Opportunities for improving the financial security of enterprises in the construction industry in modern conditions. Business-Inform 9 http://business-inform.net/export_pdf/business-inform-2014-9_0-pages-157_161.pdf
Mandzinovska Kh, Shtangret A, Kotlyarevskyi Ya, Melnikov A (2016) Financial security of a machine-building enterprise: Methodical bases of formation and provision (monograph). Ukrainian Academy of Printing, Lviv, 226.
Nurmaganbetova M, Tarakbayeva E, Nakisheva M (2017) Developing the algorithm of crisis management in the system of crisis administration at the enterprise. Revista ESPACIOS 38: 3-14 https://www.revistaespacios.com/a17v38n62/a17v38n62p03.pdf
Plastun A (2007) Development of the financial security system of business entities in the sphere of material production. Thesis for the degree of candidate of economic sciences. Ukrainian Academy of Banking of the National Bank of Ukraine, Sumy https://essuir.sumdu.edu.ua/bitstream/123456789/51464/1/plastun_financial_safety.pdf
Pogrebnyak A (2016) Anti-crisis management mechanism at engineering enterprises. Thesis for the degree of candidate of economic sciences. National Technical University of Ukraine “Kiev Polytechnic Institute”. Kiev, 234 pp.
Schwartz I (2008) The mechanism for ensuring the effectiveness of anti-crisis enterprise management. The dissertation for the degree of candidate of economic sciences, specialty 08.00.04 – economics and enterprise management (mechanical engine-ering). Khmelnitsky National University. Khmelnitsky, 25.
Smovkina A (2014) Financial security as a strategic component of the economic security of Ukraine. Industrial Economics and Organization of Production 3 (13) http://economics.opu.ua/files/archive/2014/No3/30-36.pdf
Shary V (2006) Anti-crisis technologies as a mechanism for the implementation of public administration goals. The dissertation for the degree of candidate of science in public administration. National Academy of Public Administration under the President of Ukraine. Kiev http://academy.gov.ua/NMKD/library_nadu/Avtoreferat/e4b7b2e4-b2bb-44e2-a95b-fda31763bb02.pdf
Sylkin O, Shtangret A, Ogirko O, Melnikov A (2018) Assessing the financial security of the engineering enterprises as preconditions of application of anti-crisis management: practical aspect. Business and Economic Horizons 14 (4): 926-940. https://doi.org/10.15208/beh.2018.63
Soltysik M (2014) Crisis management system in the enterprise. Organization and Management 4 (164): 85-98.
Wu Y, Meng F (2019) Categorizing security for security management and information resource management. Journal of Strategic Security 11 (4): 72-84. https://doi.org/10.5038/1944-0472.11.4.1694
Waissi RG, Demir M, Humble EJ, Lev B (2015) Automation of strategy using IDEF0 – A proof of concept. Operations Research Perspectives 2: 106-113. https://doi.org/10.1016/j.orp.2015.05.001
Zhou B (2016) Enterprises treasury management strategy in post financial crisis era. Quality Technology and Quantitative Management 11 (2): 217-222. https://doi.org/10.1080/16843703.2014.11673338