ECONOMIC SECURITY SYSTEM AS A COMPONENT OF INNOVATIVE STRATEGIC MANAGEMENT

Abstract

This article examines the role of the economic security system as an integral component of innovative strategic management of enterprises in the context of global instability, intensifying competition and dynamic changes in the external environment. It is argued that the dominant academic discourse focuses primarily on the instrumental provision of asset protection, whereas modern practice requires the integration of economic security into strategic management as an active driver of sustainability, competitiveness and long-term development.

The scientific novelty lies in the development of an original approach to the stages of integrating the economic security system into innovative strategic management: instrumental, adaptive, proactive and integrally-strategic levels. The key components of the economic security system (strategic, financial, innovation, intellectual and human resources, information, technical and technological, and legal) have been identified and systematised, and their complementary interaction with management processes has been substantiated.

It has been demonstrated that, whereas previously the economic security system was limited to risk control and loss prevention, today it ensures the sustainability of innovation processes by protecting intellectual property, human capital and financial resources necessary for the implementation of new technologies and business models. This approach enables enterprises to use potential threats as a source of innovative ideas, transforming risks into competitive advantages.

It has been determined that, at the current stage of development, the economic security system in innovative strategic management constitutes an integrated, dynamic subsystem of the enterprise’s overall management, designed to ensure the protection of economic interests, resource potential and competitive advantages from internal and external threats during the process of creating, implementing and commercialising innovations.


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