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Crisis Management
Section:   en » Economic terms » Crisis Management      16 января 2015  
Crisis management - the process of application forms, methods and procedures to address the socio-economic recovery of financial and economic activity of an individual entrepreneur, enterprise, industry, the creation and development of conditions for exit from the crisis.

Major crises faced by the financial and economic activity of the economy are considered strategic crisis, tactical crisis and a solvency crisis. The cause of all crises is to manage (improper, unprofessional, abuse or outright fraud as a result of theft or raiding, manipulation, action in collusion, corruption) aimed at advancing the goals beyond the scope of the project (the state, the ministry, corporation, company, institution).

crisis factors

To the emergence of the crisis on the level of economic entities led by the following factors:

External factors - unbalanced monetary and fiscal policy, inadequate structure of income and expenditure, the instability of the basic functioning of political and legal institutions, the lag in scientific and technological development and competition;

Internal factors - errors in the manufacturing, financial, marketing strategy, misallocation of resources, unprofessional management, low level of organizational and corporate culture;

Information factors - the false information used in the management of the facility due to political factors, marketing strategy counterparties and / or competitors or control subsystems of the object aimed at prosecution purposes beyond the scope of the project.

Direction of crisis management

The main areas of crisis management at the level of an economic entity are considered to be constant monitoring of the financial and economic condition of the company; develop protocols to ensure the integrity of the information flow in the enterprise; development of new managerial, financial and marketing strategies; reduction of fixed and variable costs; improving productivity; fundraising founders; increased staff motivation.

Measures of a regional or federal level include adjustments to the financial, economic, social, scientific, technical, investment, foreign policy, identification and prediction of internal and external threats to economic stability, the development of complex operational and strategic measures to overcome the negative factors, the strengthening of control, the rule of law, respect for legislation.
 
See also:

  • Strategic Management
  • Management
  • Foreign Economic Activity
  • Economic Theory
  • Innovation


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