CRISIS DIAGNOSIS IN ANTI-CRISIS MANAGEMENT PROCESS IN A COMPANY

Ruta Meiste () and Sandra Jakstiene ()
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Ruta Meiste: Utena University of Applied Sciences
Sandra Jakstiene: Utena University of Applied Sciences

Oeconomia Copernicana, 2015, vol. 6, issue 4, 49-58

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 management 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.

Keywords: crisis; diagnosis; anti-crisis management process (search for similar items in EconPapers)
JEL-codes: M10 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pes:ieroec:v:6:y:2015:i:4:p:49-58

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