APPROACHES TO ASSESSING A LEVEL OF ECONOMIC SECURITY OF RETAIL TRADE ENTERPRISES

Abstract

The analysis of the current conceptual approaches to assessing a level of economic security of retail trade enterprises has been carried out. It has been highlighted that the leading approaches to determining a level of economic security are: functional resourcebased, program-oriented, target-oriented, indicator-based, financial approaches and the approach which is based on the economic risk theory. The common features of the functional resource-based and indicator-based approaches to assessing a level of economic security have been indicated. The author has determined the advantages and disadvantages of each of the examined approaches. The peculiarities of the abovementioned approaches, taking into account the specificity of retail trading, have been defined. It has been noted that the use of the functional resource-based approach to assessing a level of economic security of a retail trade enterprise enables to perform the following functions: to ensure an assessment of a level of economic security grounded in evaluating the extent of the use of resources belonged to a trading enterprise by each functional component; to characterize efficiency of the use of the resource potential of a trading enterprise. The iintegration of indicators of the economic security level during the application of the program-targeted approach provides the opportunity to determine the various levels of economic security of retailers, which correspond to its specific state. In the process of applying the indicator-based approach, the monitoring and systematical collection of financial and economic activity indices are carried out constantly. The financial approach to assessing a level of economic security considers profit and revenues of an enterprise as criteria of assessing. This approach is applied at a retail trade enterprise, which faces a crisis, for evaluating its solvency and in the process of conducting transactions of buying and selling a business. As a result of the approach based on the economic risk theory the diagnostics of dangers, hazards and calculation of losses have been elaborated for retail trade enterprises. The advisability of use of the functional resource-based approach in the process of assessing a level of economic security of retail trade enterprises has been proved because it conforms to the author’s conceptions of understanding the nature and a process of managing economic security