Achieving economic stability is one of the main challenges facing businesses in today’s unstable financial and political environment. The coordinated development and creation of a reliable and promising business climate are among the top priorities for Ukraine’s economy, which would ensure the continued functioning of business entities in the future. The article aims to analyze the economic stability of enterprises in the context of modern challenges, namely during martial law in Ukraine, and outline the main directions for strengthening the security of enterprises. The basic essence of the term “economic stability of an enterprise” is revealed, taking into account the interpretation of this concept in the scientific works of economists. The article analyzes the economic stability of enterprises in the context of modern challenges, namely, during martial law in Ukraine. It emphasizes that in addition to profitability, the economic stability of an enterprise depends on many factors that are formed as a result of financial stability and economic and financial resilience. The full-scale invasion of our country by the Russian aggressor has made adjustments to the economic stability of enterprises. The authors analyze the main problems that prevent businesses from recovering and developing during the war and point out certain conditions to which enterprises are adapting. The positive aspects on the basis of which the economic activity of enterprises is gradually recovering in certain industries are outlined. The results of the analytical report of the United Nations Development Programme in Ukraine are analyzed, and the directions for strengthening the security of enterprises in the context of modern challenges are offered. 

economic stability of an enterprise, financial stability, economic resilience, financial resilience, profitability, economic security, security strengthening directions 

The development of small businesses is an important area of creating a competitive market environment in Ukraine. Today it is quite obvious that the success of market transformations will largely depend on how the small business potential as the dynamic and mobile sector of the economy is realized, the existence of a well-balanced system of state-legal measures, and their internal monitoring. After conducting internal monitoring of small businesses, the following main conclusions were made: first, the companies have qualified proactive staff willing to work and able to perform tasks despite the complexity of work, high labor intensity and workload, and second, respondents believe that without a proper level of cooperation between themselves, between managers and subordinates, and with public authorities, it is impossible to achieve high results. This monitoring made it possible to characterize the internal state of activity of enterprises provided by their employees and is the first step towards the implementation of the concept of “change management” in the process of entrepreneurship development. On the one hand, it is a collection of information, on the other hand - a tool of “feedback” between management and subordinates and with public authorities at all levels, which enables the monitoring of the dynamics of the indicators across specific issues. An integrated approach to the process of enterprise development based on the concept of “change management” will increase the effectiveness of positive change in enterprises, remove most of them from the shadow sector, create more jobs, as well as increase the overall well-being of citizens and the state as a whole by increasing its GDP. The article thoroughly describes and demonstrates the factors restraining small business development during 2021-2022. 

change management, small enterprise, internal monitoring, external environment, competitiveness