Crisis management at an enterprise: assessment of efficiency

• Main Author: Kseniya Vladimirovna Kondrateva
• Format: Article
• Language: Russian
• Published: Perm State University 2019-05-01
• Series: Вестник Пермского университета: Серия Экономика
• Online Access: http://economics.psu.ru/index.php/econ/article/view/203

Under the difficult conditions of transforming economic relations, globalization of the economy, and Russia's controversial integration into the global economy, the necessity arises to improve methodological support for crisis management. In recent years, the number of applications for insolvency received by arbitration courts of the Russian Federation has increased significantly. In this regard, the aim of this article is to present methodology for assessing efficiency of an enterprise’s crisis management on the basis of the author's approach to determining consolidated measure of crisis management efficiency in the context of analytical and expert evaluation. The methodology consists of three stages and allows us to monitor the management efficiency in dynamics and also to identify the weak links in the crisis management system in order to modify the management mechanism. Also, based on research activities of several metallurgical enterprises in the Perm region facing with the crisis, for a number of years we have established correspondence between the final evaluations of crisis management efficiency obtained by calculations and the company's ability to sustainable functioning or development depending on the effective use of internal resources. Application of the techniques described will allow directors of enterprises first to take effective anti-crisis decisions based on the information about loss of management efficiency for each of the criteria, which makes it possible to identify and realize hidden reserves in crisis management; second to determine what instruments to apply for crisis management of the enterprise's functioning and development.