Application of anti-crisis management methods in enterprises

Abstract

Diagnostics of the financial and economic condition of the enterprise allows to determine general, typical and individual reasons for its entry into the zone of insolvency. Common causes of enterprise insolvency: low competitiveness of products, which is manifested in low consumer characteristics of goods and high prices; untimely receipt of proceeds from the sale of liquid products; existence of receivables from the state for ordered but unpaid products; unused production, administrative and household premises, which became vacant due to the reduction of production and also turned into a financial burden. Recognition of crisis phenomena is based on various indicators that may be generally accepted in management, for example, indicators of financial stability, profitability, capital turnover, etc. However, in addition to generally accepted indicators, specialized indicators that are characteristic of a certain industry or a specific type of activity can be used. The development and use of such indicators can help identify crisis phenomena in time and make effective decisions to overcome them. However, it is important to remember that crisis phenomena can be of a different nature and are not always detected using indicators, so it is necessary to have a comprehensive approach to analyzing the situation at the enterprise and use various methods and tools to recognize crisis phenomena.