Crisis Management of Enterprises and Post-War Reconstruction in Ukraine

Financial and Credit Activity-Problems of Theory and Practice, 2022

Rybalchenko, S., Lukianykhina, O., Alamanova, C., Saienko, V., & Sunduk, T. (2022). Anti-crisis management of banking institutions: current problems and prospects for improvement. Financial and Credit Activity-Problems of Theory and Practice, 5(46), 29-39. https://doi.org/10.55643/fcaptp.5.46.2022.3907 The relevance of the topic is the need to improve the modern system of crisis management in the activities of banking institutions to ensure macroeconomic stability in the face of geopolitical challenges. The issue of using an effective system of crisis management is a priority for the functioning of the corporate sector and stimulating the economy out of the crisis. The aim of the article is to study modern tools of anti-crisis management for banking institutions and their improvement. The purpose of the study is to analyze aspects of crisis management and implementation of management of banking institutions, determining the state of the banking sector and identifying further prospects for the formation of the crisis management system. The object of the study of the article is crisis management as a management practice to ensure the stability of banking activity. The use of methods of scientific research and implementation of the methodology of analysis of the current state of anti-crisis management in the activities of banking institutions revealed the key advantages and disadvantages. The results may serve as a catalyst for improving the anti-crisis management and management system of banking institutions and as a result ensuring the financial stability of Ukraine. In the article, the state of the modern banking sector and the influence of the Russian-Ukrainian war on it were investigated. The basic concepts of the mechanism of realization of anti-crisis management in the course of economic crisis phenomena are determined. Attention is paid to issues of the further vector of development of the anti-crisis management systems of banking institutions and necessary measures to support their functioning. The main results of the study are the introduction of a wide infrastructure of digital support and special innovative data processing and modeling technologies. With the help of digital technology tools, the principles of the anti-crisis system of banking institutions and the principles of their management are defined. The practical importance lies in the improvement of existing crisis management systems and the introduction of urgent measures for its rational optimization. Thus, the article considers the basic aspects of crisis management in the context of economic challenges and geopolitical threats.

SHS Web of Conferences, 2020

The paper covers the theoretical and methodological framework for assessment of the crisis management effectiveness and the enterprise bankruptcy probability. At the present stage of the Ukrainian economic development, the main weaknesses in the activities of enterprises include: loss of sales markets, imperfect production and sales policy, lack of working capital, inefficient financial management, significant production costs, which produce signs of crisis processes and determine the feasibility of preventive approach anti-crisis management use. At the same time, the choice of the topic is due to insufficient research of this scientific problem as a whole and its relevance for the economy of Ukraine, especially in the context of the search for external investment resources, cooperation on this basis with the European Union. It was determined that one of the ways to solve the problem of predicting the probability of bankruptcy is the use of insolvency prediction models developed on ...

IARJSET, 2019

Crisis Management is the choosing of an organized process, that is reasonably cost effective, in order to lessen certain threats facing the organization or company. It is a process coupled with the principle of sustainability. It is a measuring process, and one used to evaluate threats, and develop a strategy to manage it. These strategies include moving the threats elsewhere, avoiding them, and decreasing their negative impact, and accepting some or all of its effects. It indicates two options one which can occur. Undoubtedly the cases whereby there is only one chance are the cases where there are no threats. They are occurrences and events threaten the realization of goals, and could have a negative impact on the continuation of the work, thus making the crisis management a real art undertaken with competence, professionalism and experience. Threats are the chance that a company could face unexpected and unplanned losses, or could make the anticipated revenues fluctuate.

ЕКОНОМІКА І РЕГІОН Науковий вісник, 2019

According to the authors of the article, the creation of a specific structure for anti-crisis management should depend on the volume of activity and size of the enterprise, as well as the phases of the crisis: light, deep, catastrophe. As a result of this study, the authors found that the issues of organization planning of the company's anti-crisis management services and the mechanism for its functional provision remain insufficiently investigated today. The principles considered by the authors on the proposed introduction to the anti-crisis management service argue that it should always be ready to overcome the crisis or critical pre-crisis situation that may arise due to a conflict of interests of the owners of enterprises in the market and the influence of factors of the internal and external environment.

EJMCM, 2020

In an organization or system if there happen something unexpected and sudden then it called as organization crisis. Crisis it defined as situation that happens suddenly and there is needed to distribute the employees and it causes the instability to the organization. The crisis can affect a person, group, society and a organization. The management of dealing with unexpected and sudden happening is known as Crisis Management. The crisis management manages the events that harm the organizations and its employees. In this way all the process of handle the uncertain and immediate situation are commonly called as crisis management.

International Journal of New Economics and Social Sciences, 2023

In recent years, there have been many different crises such as the dotcom crisis in the late 1990s, the global financial crisis of 2007-2009, the pandemic economic crisis and the global economic recession of 2020, the rise in commodity prices and the increase in inflation from 2021, the out-break of war in Ukraine, the energy and food crisis that occurred in 2022 in many countries. In addition, the climate crisis is also increasingly developing, which is generated primarily by the still high level of civilization's greenhouse gas emissions and the accelerating process of global warm-ing. As the scale and frequency of various crises increase, more and more business entities and public institutions are taking various anti-crisis measures, creating and improving risk manage-ment systems, early warning systems and contingency plans, carrying out corrective and develop-mental restructuring processes, creating innovative solutions to flexibly adapt to the changing environment. As the climate crisis is likely to develop for many years to come, so the importance of achieving the goals of sustainable development and urgently carrying out a green transformation of the economy is growing. In the context of the issues outlined above, the importance of efficient organizational management, information management and crisis management is growing. The improvement of the management processes of economic entities, including crisis management, has been realized in recent years through the implementation of new ICT information technologies and technologies typical of the current fourth technological revolution, Industry 4.0, into information systems.

Scientific Horizons, 2023

Anticipatory management plays an important role in the quality functioning and development of the enterprise, which determines the relevance of the study of the selected problem. The purpose of the article is to substantiate the importance of anticipatory management in the management of agricultural enterprises through the introduction of anticipatory teams into the organizational structure, which was caused by the destabilization of the external and internal environment in the conditions of the RussianUkrainian war. During the research, general scientific and special methods were used: analysis and synthesis, abstract-logical. The types of crisis situations that may occur on the enterprise have been studied. The main factor of the onset of the crisis in agricultural enterprises of Ukraine has been determined. Special attention is paid to the consequences of Russian military aggression. An analysis of the main performance indicators of agricultural enterprises was carried out. The s...

Global Journal of Management and Business Research, 2014

Enterprises with a growing obligation to sustain their business activities in economic environments of increased levels of uncertainty and risk as a result of the novel circumstances of a developing and changing world and the diverse influences thereof, must be in a position to assess these uncertainties and risks in an accurate manner and develop preparedness for potential crises. Contemporary studies point out that the fact that an enterprise faces a crisis is not necessarily as much of an issue as the type and the timing of that crisis and how prepared the organization is to tackle it. The most effective and decisive elements of crisis management are proper forecasting and the minimization of the adverse effects of a crisis through a timely application of appropriate preparedness measures. In this respect, this paper first presents a general theoretical framework for crises and crisis management, followed by a survey into the perception of crisis and crisis management held by small and medium s ized e nterprises a ctive a t t he G aziantep B aspınar industrial zone.

Crisis Management, 2010

Obviously, any business corporation hopes it never has to face, under any circumstance, a situation that could cause an important interruption of its business activities, particularly if this situation could engender extensive media coverage and public anger. A crisis is an abnormal situation, or even perception, which is beyond the scope of everyday business and represents a real threat to the operation, safety and reputation of any business organization. A crisis situation disrupts the way an organization conducts business and attracts significant new media coverage and/or public scrutiny. Typically, these crises have the capacity to have negative financial, legal, political, or governmental repercussions on the business corporation activities, especially if they are not dealt with in a prompt and effective manner. Crisis management is defined as the intervention or co-ordination by individuals or teams before, during, or after an event to resolve the crisis, minimize losses or otherwise protect the organization; in other words, the way in which a crisis situation is managed during its evolution by the top management of a business corporation. It is considered a process designed to prevent, or reduce to the minimum possible, the damage a crisis can inflict on business corporation activities and to its stakeholders. When a crisis occurs, there is no other choice than to handle it properly with the purpose of reducing to a minimum the negative impact that it can cause to the business corporation activities. To handle a crisis situation, it is better to divide it into different phases. These phases are the following: 1). Pre-crisis phase, 2). Crisis response phase, 3). Post-crisis phase. The pre-crisis phase is concerned with prevention and preparation of the business corporation to handle a crisis situation in the best way possible. The crisis response phase is the one during which the top management of a business corporation must respond to a crisis situation. The post-crisis phase looks for ways to better prepare the business corporation for the next crisis. In this phase the top managers of a business corporation should fulfill all commitments adopted during the crisis

SERIES OF SOCIAL AND HUMAN SCIENCES, 2020

Б а с р е д а к т о р фил. ғ. докторы, проф., ҚР ҰҒА корр. мүшесі Қажыбек Е.З. Р е д а к ц и я а л қ а с ы:

Marketing of Scientific and Research Organizations, 2019

Summary The article constitutes a presentation of the results of research devoted to the current trends in crisis PR. The authors of the work made an attempt to diagnose crisis prevention in a cross-section of two dimensions. On the one hand the perspective of business (survey of companies) was presented and on the other hand experts’ opinions (survey of the leaders of public relations agencies) were shown. As a result of analyses a point model of an immune system, which takes into consideration the key instruments of crisis methodology (developed procedures in form of communication management book, dedicated anti-crisis structures in an organization, crisis team with a fixed membership and a system of communication trainings) was designed. Diagnosis of prevention measures of the leaders of Polish business — based on the years 2007–2017 showed major deficiencies in the degree of companies’ preparation for the risk of crisis.

World Academy of Science, Engineering and Technology, International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering, 2011

The paper structures research approaches to the crisis and its management. It focuses on approaches-psychological, sociological, economic, ethical and technological. Furthermore, it describes the basic features of models chosen according to those approaches. By their comparison it shows how the crisis influences organizations and individuals, and their mutual interaction.

Amazonia Investiga, 2023

Mуkhalchenko, M., Zhuravlova, I., Zhalinska, I., Saienko, V., & Ovander, N. (2023). Digital tools for anti-crisis management of enterprises: the Ukrainian case. Amazonia Investiga, 12(64), 291-299. https://doi.org/10.34069/AI/2023.64.04.30 The political and economic situation in Ukraine has led to an increase in the likelihood of crisis phenomena at enterprises, which is manifested in a decrease in financial results or even losses, reduced financial stability and production volumes, deteriorating quality of services and products. Many enterprises, which have become uncompetitive, unfortunately, are now bankrupt. The ability of business entities in time to analyze the financial condition and develop anti-crisis measures, as well as the implementation of necessary anti-crisis solutions help to reduce the likelihood of bankruptcy or crisis phenomena, which will allow businesses to restore their solvency, improve financial stability and emerge from this state with the lowest major tasks of crisis management Given the presentation, the main purpose of the work is to summarize the theoretical material and develop right Business process modeling according to IDEF.0 standard was used as the main digital toolkit. Modeling of business processes with the use of these digital tools will allow to take into account all potential factors of anti-crisis management of Ukrainian enterprises, focusing on the flow of information, the validity of decisions, and the direct effectiveness of crisis management.

Journal of Data Acquisition and Processing, 2023

Crisis management has become the most referred word in dictionary post COVID period. It is like an umbrella spreading itself almost among all fields. No organization is exempted from crisis management. The following research study is all about- - Types of crises in an organization. - How pioneering managers endeavor to explore the findings of organization management crisis and integrate it strategic management? - Prediction to avoid unfortunate waves dangerous enough to collapse the entire system. - Basically institutional crisis. - The definition of crises management and its necessity. - Models of management crisis. - Lastly a foresighted strategic framework and the steps to be taken to avoid contingencies.

Proceedings of the International Conference on Business Excellence, 2019

After an initial period of ignorance of the phenomenon of crises that are experienced by businesses, a fast expanding literature is approaching this issue. However, the present authors perceive a lack of commonly agreed conceptualization and taxonomy in debating the situations when companies are facing difficulties. We explore in this paper how economic theory and management knowledge could assist escaping such challenging contexts. We argue that a narrow focus on financial indicators of the company is critical for any business decision targeting the restructuring and reorganization but the deep causes of the challenging context should be identified. We argue that crisis management has in common principles and approaches with risk management but the delimitation should be made clear. There may be organizational crisis when risk management approaches could be employed in order to deal with them but there are many instances when the approach of risk management is insufficient or even ...