The main goal of such management is to create financial balance and stability of the enterprise, prevent a decrease in its market value due to the crisis, and also to form a system within the enterprise to prevent financial instability in the future.
The implementation of the anti-crisis business management system solves the following important tasks:
Timely diagnosis of an impending crisis
This is done by regularly monitoring the financial position of the company and monitoring the factors of the financial environment that can most strongly affect the results of financial activity. Based on the results of such monitoring, a diagnosis of the pre-crisis state of the company is performed, which often allows preventing the development of a financial crisis by carrying out preventive protective procedures, or at least significantly reducing the degree of its manifestation.
Taking such measures to prevent a financial crisis is the most cost-effective direction of anti-crisis activities. At the same time, it gives the greatest effect per unit of resources spent on it, as it allows reducing future losses.
Elimination of insolvency of the organization
This is the most urgent task in the canada phone data nti-crisis financial management system in the event of any type of financial aggravation of the enterprise. Sometimes, by performing only this one task, it is possible to prevent the aggravation of the aggravation, to obtain the required reserve of resources and time for conducting other anti-crisis processes.
But it is important to understand that a decrease in the solvency of an enterprise is only one of many external manifestations of a financial crisis, so the restoration of solvency must be carried out by eliminating the causes that worsen it.
Restoring the financial stability of the enterprise
It is included in the tasks, the implementation of which allows realizing the main goal of anti-crisis management of the company, requires minor efforts and small monetary costs. It is solved by means of a step-by-step financial restructuring of the enterprise. During such restructuring, it is necessary to optimize the structure of capital, cash flows and current assets, and sometimes it is also necessary to reduce investment activity.
Prevention of bankruptcy and liquidation of the company
This task is set before anti-crisis management in the event of the development of a deep or catastrophic systemic aggravation of the enterprise's financial system. In such a case, internal mechanisms for stabilizing the monetary structure are insufficient, and the volume of own resources to overcome such a crisis is also insufficient.
Therefore, in order to prevent bankruptcy and closure of an organization, anti-crisis management should be aimed at conducting external rehabilitation (while developing an investment rehabilitation project).