Pronyaeva L.I.Central Russian Institute of Management, Branch of Russian Presidential Academy of National Economy and Public Administration, Orel, Russian Federation pli.dom@mail.ru ORCID id: not available
Fedotenkova O.A.Central Russian Institute of Management, Branch of Russian Presidential Academy of National Economy and Public Administration, Orel, Russian Federation o-fedotenkova@yandex.ru ORCID id: not available
Importance The research surveys issues of eliminating economic security threats to agricultural companies to protect their financial and economic interests through effective managerial solutions. Objectives We improve risk management approaches by identifying economic threats and evaluating the current level of economic security. The process is based on the technique tailored to agricultural business. Methods The research involves monographic, abstraction-logic, graphic methods and method of scientific generalization. Results We specify the substance of corporate economic security by giving a more nuanced definition of its priority goal, i.e. elimination of the adverse effect of hazardous factors and threats. We substantiate that agricultural production is influenced by many threats and business risks. The article sets out our own method to classify economic security threats to agricultural businesses, with three classification blocks standing out, i.e. general, business and specific (agricultural) threats. We also carve out an algorithm to prepare and implement managerial decisions on business risk management. Conclusions and Relevance The article determines the algorithm to choose managerial activities for lowering the adverse effect of economic threats through a proposed set of indicators to evaluate the economic security of an agricultural entity and assess the integral index used in a point-based evaluation of corporate economic security.
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