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Management of the Financial-Economic Security of Enterprise by Means of Business Processes Reengineering
Khlevytska T. B., Guseva O. Y.

Khlevytska, Tetiana B., and Guseva, Olga Yu. (2021) “Management of the Financial-Economic Security of Enterprise by Means of Business Processes Reengineering.” Business Inform 8:190–196.
https://doi.org/10.32983/2222-4459-2021-8-190-196

Section: Management and Marketing

UDC 336.648

Abstract:
The need to ensure the conditions of viability of enterprises through flexibility and adaptability against the modern hard-to-predict changes requires the use of modern, worldwide-recognized instruments and forms of management, the main place among which is reengineering. The expediency of this approach to managing financial-economic security is due to the fact that, on the one hand, financial-economic security is the initial prerequisite for long-term development, and on the other hand, it acts as a criterion for the efficiency of enterprise management. The article is aimed at substantiating the theoretical-methodical approach to the use of business process reengineering instruments in ensuring the financial and economic security of enterprises in accordance with its strategic orientation. The basic principles of building a system of financial-economic security are defined. On the basis of the system-structural approach, the classification of types of financial-economic security with the separation of market and interface security was carried out. The system of indicators for monitoring the level of financial-economic security is proposed to be built on the basis of sustainable development with the obligatory separation of ecological, social and directly financial-economic groups of indicators. A definition of the financial-economic security management from the position of strategic management is presented as follows: a set of the most significant decisions directed towards ensuring a programmed level of security of the enterprise. The relationship between the financial-economic security management strategy and the mechanisms of business process reengineering is demonstrated.

Keywords: financial-economic security, reengineering of business processes, strategic management, element of financial-economic security.

Fig.: 3. Tabl.: 1. Bibl.: 9.

Khlevytska Tetiana B. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics, State University of Information and Communication Technology (7 Solomianska Str., Kyiv, 03110, Ukraine)
Email: [email protected]
Guseva Olga Yu. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economics, State University of Information and Communication Technology (7 Solomianska Str., Kyiv, 03110, Ukraine)
Email: [email protected]

List of references in article

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Kryvoviazuk, I. V., and Kulyk, Yu. M. “Reinzhynirynh lohistychnykh biznes-protsesiv i system yak osnova yikh samovdoskonalennia ta rozvytku“ [Reengineering of Logistic Business-Processes and Systems as the Basis of their Selfimprovement and Development]. Ekonomika: realii chasu. 2013. http://economics.opu.ua/files/archive/2013/No2/87-94.pdf
Komandrovska, V. Ye., and Morozenko, O. Yu. “Biznes-protsesy pidpryiemstva: sutnist ta metody vdoskonalennia“ [Business Processes of the Enterprise: Essence and Methods of Improvement]. Problemy pidvyshchennia efektyvnosti infrastruktury. 2011. http://jrnl.nau.edu.ua/index.php /PPEI/article/view/325
Kharrington, D., Esseling, K. S., and Van Nimvegen, Kh. Optimizatsiya biznes-protsessov : Dokumentirovaniye. Analiz. Upravleniye. Optimizatsiya [Business Process Optimization: Documenting. Analysis. Control. Optimization]. St. Petersburg: Azbuka, 2002.
Hammer, M., and Champy, J. Reengineering the Corporation: A Manifesto for Business Revolution. London: Harper Business, 2006.

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