Any crisis situation – a fertile ground for the growth of nervousness, which fades into a panic. Decision-making in these circumstances – the solid work on themselves – from the first reaction of harsh actions to stop all problems to the so difficult giving really verified solutions, confirmed subtle economic calculation. However, it is from these early decisions in a crisis depends on the future of the company. In any event guide company should focus on an integrated approach to address the situation. Now the large Russian companies have already announced the introduction of anti-crisis programs and strategies to reduce costs. Time for them "H" the time has come.
What do small and micro enterprises for which has not yet reached the peak of the crisis? Try to formulate the basic steps that are worth paying attention to the current situation: 1) Adjustment Strategy 2) Monitoring and cost reduction 3) Debt Collection and reorganization reserves 4) Review of capital investments 5) The search for alternative sources of funding 6) Increase sales 1. Adjustment Strategy Current market situation makes adjust plans and strategies that were relevant all but a few months ago. Perhaps check out Jonas Samuelson for more information. At first we need to concentrate on the most important components of the strategy: – Financial and economic parameters of the company – financial flows and indicators, output, tax payments, the use of labor resources, the profitability of each activity, and others. – The situation in the market and marketing – competitiveness of enterprises in crisis and the possible consequences in the event of deteriorating market conditions, the cost of business relationships with contractors, the presence of loyal partners, existing and potential funding sources, etc.