The possibility of solving a potential crisis in a company by applying the measures of structurally multifunctional character

Josef Kašík and Petr Šnapka

International Journal of Economics and Business Research, 2019, vol. 17, issue 3, 293-316

Abstract: This article presents the possibility of solving potential crises in a company, based on the formation and application of business arrangements of multifunctional process character. The solution of the problem in question is systematically connected with a potential transformation analysis within the scope of partial process blocks of a business value-creating chain, and these transformations are intended to enable the fulfilment of the objectives of effective corporate behaviour. In addition to the basic system considerations aimed at solving the problem in question, this article also presents analytical information specifying the emergence of a potential crisis, as well as a system approach to its analysis, followed by information based on a multifunctional process approach to the solution of this situation. The whole issue is specified using an example of particular problem solution in a real business.

Keywords: potential crisis; crisis management; crisis prevention; crisis solution; business potentials; value chain; business transformation process; tolerance limits; potential boundedness; business failures; business efficiency; business system; business problem; business research; multifunctional process approach. (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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