Crisis Diagnosis in Anti-Crisis Management Process in a Company Cover Image

Crisis Diagnosis in Anti-Crisis Management Process in a Company
Crisis Diagnosis in Anti-Crisis Management Process in a Company

Author(s): Rūta Meištė, Sandra Jakštienė
Subject(s): Economy, National Economy, Supranational / Global Economy, Business Economy / Management
Published by: Instytut Badań Gospodarczych
Keywords: crisis; diagnosis; anti-crisis management process

Summary/Abstract: The relevance of the crisis situation diagnosis is confirmed by the diagnosis decisions designed and applied in the business practice, audit reports, bank assessment methods and company‘s own concernment. The aim of the research is to define crisis development stages and possible preventive means and to design the crisis diagnosis system in the anti-crisis management process in a company. The paper deals with four stages of crisis development: prodromal crisis (CP), acute crisis (CA), and chronic crisis (CC). Crisis resolution (CR) is the final goal of any crisis management. When a crisis is overcome, its performance stabilizes and a company starts to grow. Therefore, the main point in company’s manage-ment process is to notice the barrier when company’s performance starts going down, in order to foresee the result which can cause crisis situation in a company.

  • Issue Year: 6/2015
  • Issue No: 4
  • Page Range: 49-58
  • Page Count: 20
  • Language: English