CRISIS MANAGEMENT TOOLS AND THE NEED FOR ADAPTATION FOR COMPANIES IN THE HIGH-TECH SECTOR OF THE ECONOMY

K. Abramova and A. Voscanov

Business Strategies, 2020, vol. 8, issue 11

Abstract: Crisis management is a complex and complex science that studies companies in various sectors of the economy and offers solutions for diagnosing and overcoming the crisis. However, unfortunately, at the moment, crisis management tools are still not completely universal and are based on “standards†, which vary greatly from industry to industry. Therefore, there is a need to create new models for diagnosing bankruptcy risk, focused on specific industries, such as the high-tech sector of the economy. The research methodology includes the use of the logical method, the method of expert estimates, the method of statistical analysis and data comparison. In addition, the article considers the Salov-Maslov model, identifies key indicators, and shows the specifics of the development of high-tech sector companies. A special contribution of the authors is the analysis of crisis management tools, conditions and features of its application for companies in the high-tech sector of the economy. At present, all the necessary conditions for the development and expansion of high-tech companies have been formed in Russia, however, the challenges of the global economy are making their own adjustments, and therefore it is necessary to have theoretically developed methods and guidelines for crisis management of problematic companies in the arsenal.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aci:journl:y:2020:id:689

DOI: 10.17747/2311-7184-2020-11-301-305

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