THE IMPACT OF EXTERNAL ENVIRONMENTAL FACTORS ON THE FORMATION OF A BUSINESS RESILIENCE MANAGEMENT SYSTEM IN ENTERPRISES
DOI:
https://doi.org/10.31732/2663-2209-2024-73-132-138Keywords:
business resilience, business activity, enterprises, Ukraine, economic security, external environmentAbstract
The primary objective of this study is to characterize the peculiarities of the impact of various external environmental factors on the formation of a business resilience management system for enterprises under contemporary developmental conditions. It is proven that changes in the external environment, such as economic fluctuations, technological innovations, ecological challenges, social and politico-legal changes, have a profound impact on the business resilience of modern enterprises. These changes not only create risks and uncertainties but also open new opportunities for adaptation and innovation, requiring companies to adopt a flexible approach to risk management, stakeholder engagement, and regulatory compliance. It is identified that effective response to these external influences is key to ensuring long-term resilience, balancing the economic, ecological, and social interests of the enterprise. The role of the enterprise's business resilience management system in ensuring economic security is highlighted. It is proven that within the economic security system, business resilience acts as an additional line of defense against external and internal threats, ensuring the long-term survival and prosperity of the company, thereby guaranteeing its ability to robustly withstand economic fluctuations, market challenges, and political instability. Key characteristics of the modern business resilience management system of the enterprise are defined. It is established that the reduction of human resources significantly impacts the business resilience of those enterprises that continue to function. It is discovered that ignoring external factors in the fields of economy, technology, ecology, society, and politics can lead to a loss of competitiveness, market share, consumer trust, as well as legal consequences and financial losses for businesses. Concurrently, adaptation to these changes promotes increased competitiveness, innovation, improvement of corporate image, reduction of environmental impact, and creation of a more stable and resilient business environment.Downloads
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