Journal of Security and Sustainability Issues

State security is a key issue both for the state as an entity and for its inhabitants. The economic security of the state is a particularly important component which can manifest itself on many different levels. The most important of them is financial security. This aspect of security is relevant as in modern economies money is the key value. Therefore, the financial security of the state is a component of economic security, but at the same time its key determinant. The level of financial security, which in the simplest terms is an ability to raise funds when needed, is influenced by a number of factors, the most important of which are the stability of the financial sector, the size of public debt, as well as the size and structure of the country’s foreign exchange reserves. This paper attempts to analyze individual factors that affect the condition of financial security of the state. In the next part, a structural analysis of the most important aspects of the state’s financial security was performed. The research showed that the state of Poland’s financial security could now be assessed quite highly, but the effectiveness of all the measures taken by the government and the central bank to date would be verified in the near future through the development of the situation caused by the COVID-19 pandemic.

The article presents a multidimensional comparative analysis of the exchange rates of five currencies: dollar, euro, franc, pound and ruble in zlotys and crude oil in dollars per barrel from 2005 to 2022. The research was conducted in terms of the identification of contemporary challenges for the economic security of enterprises in Poland. Grouping was used as part of multidimensional comparative analyzes. In the categorized line charts, in order to observe the trends in dynamic terms as a decrease and an increase in the rates of the analyzed data, a separate Y-axis scale was assigned to each of the analyzed dependent variables.

The study of synergistic laws and patterns made it possible to substantiate and explain the possibility of their transfer to the plane of the theory of management of economic security of the enterprise in order to develop tools for synergistic management of economic security of the enterprise. The definition of the concept of “economic security of the enterprise” is proposed, which represents the ability to resist it as an ectropic factor to the influence of threats to the environment, ie the supersystems (countries and industries) as an entropy factor, as well as ability to respond to threats in a coordinated way. An algorithm for substantiating the choice of strategies for managing the economic security of the enterprise has been developed; using this algorithm based on the detection of bifurcation points and their analysis, it is possible to identify the type of crisis and take into account the existence of the internal mechanism of development inherent in the economic security of the enterprise in a certain period - adaptation or bifurcation, according to which it is necessary to develop The paper emphasizes that a high level of economic security of the enterprise depends on the formation of synergistic effects, as well as on the ability to establish coherent or coordinated relationships that will lead to cooperative processes. Three types of synergetic effects resulting from management actions are considered: functional (this is a result equivalent to the sum of the component parts), positive (this is a result that exceeds the sum of the component parts) and negative (this is a result that is less than the sum of the component parts).

It was argued that the development of an effective strategy for the protection of the industrial organization and ensuring its proper implementation should be based on the methodological basis of the theory of security. The fundamental changes in the process of formation of a security strategy are determined by the fact that the process specified is objectively developing and gradually becoming more complicated. At the present stage, the security strategy is formalized into a certain organized system, which should include the existing structural subdivisions of the business entity and create conditions for the protection of the priority areas of its operations. The main objective of formation of a strategy for the protection of entrepreneurship is the early distinguishing and isolation of external and internal dangers and threats, overcoming existing imbalances in the process of formation of the innovative basis for further development, creation of a safe environment for the existence of a business entity and, ultimately, achieving the stated goals of a particular industrial organization. All this allows us to formulate an appropriate strategy for its economic security.

The article analyses conceptions of both, the economic security and financial security of the state, in respect to a recent increase of attention given to assuring the state’s economic security while emphasizing mostly the financial factor. Therefore, a thorough analysis on the two conceptions, as well as, on their interrelation, based on scientific literature, revealed that state’s financial security and stability can reflect the economic security of the state only to some extent. The performed scientific practical research verified the hypothesis, which emerged during theoretical research, that financial security and stability cannot fully ensure the economic stability of the state.