Major models of economic security evaluation at enterprises and their applicability to telecommunication companies

Abstract

Purpose: This article aims at synthesizing existing research areas and approaches to assessing the level of economic security at the corporate level and adapt the results to the specifics of the telecommunication's industry. Effective study of the problem of economic security is possible only in case of the combination of distribution, market, and institutional paradigms, based on the combination of methodological and empirical-quantitative approaches. Design/Methodology/Approach: The article meaningfully describes the main approaches to the definition and methods for assessing the economic security of enterprises, as well as the applicability of these methods to Russian telecommunication's companies. Based on this analysis, strategic directions to ensure the economic security of modern Russian telecommunication's enterprises have been determined. Findings: Four strategic directions can be identified to improve economic security: improving telecommunication and information technologies; creating and selling new telecommunication products and services; improving business processes; increasing energy efficiency and production ecology. Practical Implications: The results of the analysis can be used to determine the main directions of ensuring the economic security of a telecommunication's company. Originality/Value: The originality of the authors'approach is to develop and test the conceptual approach to assessing the economic security of corporate entities and the opportunity for its industry adaptation to the features and business processes of specific types of economic activity.