Frequently Asked Questions about Crisis Management

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Nowadays, management systems usually contain principles of crisis management, thanks to which it is possible to promptly detect problems, overcome their negative consequences, more effectively direct the work as a whole and control it.

What are the grounds for choosing an anti-crisis strategy?
The development of anti-crisis management should be based on a deep analysis of the financial activities of the enterprise. It is necessary to conduct a detailed analysis of the financial position for the last three years by quarters. It is recommended to conduct the study from the moment the enterprise was founded or from the date list of colombia cell phone numbers of the last large-scale restructuring.

What mistakes are often made in crisis management?
Mistakes made during the implementation of anti-crisis management can further aggravate the situation at the enterprise. It is important not to panic and not to make hasty, ill-considered decisions. Common mistakes:

Strict savings on employees . There is no need to reduce personnel simply by obeying the rule "the less, the better."

Cutting costs without analysis . Before cutting costs, you need to carefully analyze the situation and identify the true causes of the crisis.

Refusal of discounts and promotions . This is fraught with a drop in demand, and therefore profits. It is necessary to look for an alternative, for example, more favorable conditions for regular customers, new promotions.

"Shock therapy" . Don't try to restructure your work in one day. Anti-crisis management is a consistent, carefully planned process that involves systematic actions.

Be extremely careful and do not make rash decisions.

When should you switch to manual control?
Experience shows that the need for crisis management arises if the company cannot achieve the desired result. In this case, we can confidently say that there are shortcomings in the internal control system. In order to prevent further depletion of material and financial resources, it is necessary to centralize decision-making as much as possible, which determines the procedure for actions with the human and material resources of the enterprise. That is, business owners or persons authorized by them should take power into their own hands as much as possible.

The success of anti-crisis management is determined by how rationally the process of strategy implementation is controlled. A very good option is to create an anti-crisis committee that will review the reporting and subsequently coordinate the work plan to overcome the critical situation.