STRATEGIC MANAGEMENT OF THE FINANCIAL AND ECONOMIC SECURITY OF AGRARIAN ENTERPRISES AS AN ELEMENT OF THEIR GENERAL SECURITY

Abstract

The article highlights the features of strategic management of an agricultural enterprise's financial and economic security, considering it as an element of its general security. The study identifies the main challenges faced by the agricultural sector. The authors emphasize the variety of interpretations of the concept of financial and economic security and suggest their own definition, interpreting it as a condition that ensures the effective functioning of the enterprise, counteraction to the external and internal threats through rational management of resources, optimization of financial, economic and production processes, and reducing management operational risks. The negative consequences of Russian full-scale military invasion for representatives of agrarian business have been determined. The main business entities of the agro-industrial complex and actual problems hindering their effective economic activity have been identified, including the analysis of the current state of domestic agricultural enterprises. Special attention is paid to the strategic policy of management and the need to develop a system of measures to prevent and minimize financial and economic risks. The article describes the interdependence between the financial-economic security of the enterprise and the financial and economic security of the state, in general, and analyzes the dynamics of changes in the number of farms in 2022–2023. The authors claim that the formation of an enterprise's financial and economic security requires a clear definition of goals and objectives at each level of management and the establishment of close relationships between them, as well as taking into account alternative strategies and means of ensuring economic security. Further directions for the development of the agro-industrial complex are determined. The proposed recommendations aim at ensuring the effective management of the financial and economic security of the agricultural enterprise, in particular, at improving strategic planning and responding to changes in the business environment. The study findings point to the significance of the financial and economic security of the agricultural enterprise as it is a component of country’s general security. It is necessary to strengthen measures to support agricultural enterprises in ensuring their sustainability and competitiveness in conditions of the business environment uncertainty.