Management of the Development of Innovative Project Activities of Educational Institutions in Terms of Cooperation, Competitiveness and Ensuring their Financial and Economic Security

Oleksii M. Hutsaliuk · Iu. Bondar · Olha Kotsiurba · Н. С. Пітел

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Economic Issues in Ukraine Banking, Crisis Management, COVID-19 Impact Impulse Buying and Technology Impacts

Abstract

The article reveals the essence of the process of digitalization of the Ukrainian economy in the conditions of increasing external threats associated with the formation of an open economic system and deep transformational ties in global economic relations. Economic relations in the intellectual sphere, related to the innovative activities of Ukrainian enterprises, are the subject of attention of both international transatlantic enterprises and state structures, which are associated with a weakening of the competitiveness of state-owned and export-oriented enterprises and ultimately limit the independence and autonomy of the state. In this context, the importance of financial and economic security and the formation of fundamentally new systems for the protection of intellectual resources of Ukrainian companies and limiting the influence of the country’s companies on modern information, telecommunications and modernization communication systems, which can be the object of information attacks and threats to the production infrastructure, is rapidly growing. Financial and economic security strategies are defined, which are calculated for a long time and are necessary for an effective financial management system, which is able to ensure a compromise between the interests of the development of the enterprise, the availability of a sufficient level of cash and ensuring the solvency of the enterprise. Considered possible threats and a number of destabilizing factors associated with unfair competition and violation of norms, principles and laws that underlie the market economic system. On the basis of the proposed indicators of financial and economic security of production economic systems, a model of financial and economic security of enterprises has been developed, the essence of such a model is the ability to identify, monitor and calculate possible threats and establish the degree of critical security for enterprises as separate types of threats and determine the complex effect of identified threats on the possibility of creating a state of crisis and destroying the economic system of enterprises.

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