The choice of an anti-crisis management strategy is vital for any company, since not only the financial well-being, but often the very existence of the enterprise depends on it.
As a rule, an anti-crisis strategy is a full-fledged program document that includes all the necessary information (final and intermediate goals, resources and ways of attracting them to anti-crisis measures, technologies for solving problems of bringing the company out of crisis).
Read also!Increasing customer flow: working methodsWhen formulating an anti-crisis strategy, the following factors are taken into account:
causes and prerequisites of crisis phenomena;
requirements of the Russian Federation korean girl phone number legislation concerning the bankruptcy procedure of legal entities;
external and internal circumstances that influence the company's activities.
The choice of an anti-crisis strategy may include five stages.
Financial analysis of the company's current state. It is necessary to start with studying the financial indicators of the organization's activity, and they are assessed dynamically - usually data for at least three years is taken. The moment of the company's inception or its last major restructuring is sometimes also taken as a starting point. Analysts can also use information on other aspects of the organization's activity, but the financial and economic part still remains the main one.
Making a forecast . Based on the available data, it is necessary to calculate the forecast balance, including an assessment of the probability of bankruptcy. Discriminant analysis is used – a statistical method for forecasting bankruptcy based on certain economic indicators.
Construction of the life cycle curve.
Determining the current position of the enterprise on this curve. The model of the life cycle curve of an organization contains the identification of stages from its inception to the termination of its existence, and the available information will allow us to judge at what stage of development the company is and what its prospects are, including, of course, financial ones.
Selecting an anti-crisis management strategy . Based on the calculations performed and the problems identified, an optimal strategy is selected.