MODERN APPROACHES TO THE FORMATION OF THE MODERN FINANCIAL ANTI-CRISIS MANAGEMENT OF THE ORGANIZATION

Authors

  • Natalya Kondratenko

Keywords:

system, organization, formation, anti-crisis financial management

Abstract

The article is devoted to generalization of modern approaches to the formation of a system of anti-crisis management of organization.

The author stated that the last global financial crisis has proved the fact that today in Ukraine there is no adequate system of quality and financial anti-crisis management at both organization and state levels and its regions.

The aim of the article is the generalization of modern approaches to the formation of a system of anti-crisis management of organization.

It has been stated that for the short period of time Ukraine is trying to overcome the crisis shock for the second time. Each of the shocks had its own characteristics, and they were based on different factors and components. However, the similarity of both crisis processes in Ukraine in 2008-2009 and 2013-2015 years points to the facts that the results and consequences of both crisis processes are probably the same.

It has been proved that anti-crisis financial management is a system of principles and methods of development and implementation a complex of management decisions aimed at preventing and overcoming financial crises in the organization and minimizing their negative financial consequences.

Characteristics and features of anti-crisis financial management of the organization have been defined. The system of anti-crisis management of the organization has been presented. It is based on the system of principles and methods for development and implementation strategic decisions aimed at achieving the main goal.

The organization of anti-crisis strategic and tactical planning has been considered.  The model of financial balance of the organization has been developed.         It has been proved that the system of criteria for evaluating the effectiveness of anti-crisis management should determine the quality, effectiveness and timeliness of the objectives of crisis management through planned anti-crisis measures and the recovery of the business operation, subject to certain criteria and performance limitations.

It is proved that the efficiency of forming the system of anti-crisis financial management of the organization depends on a clear definition of the subject, the object of crisis management, goals and major tasks of the system, its basic principles, functions and process of management during the crisis, methods of preventing and overcoming the crisis, and the main criteria for evaluating the effectiveness of anti-crisis measures.

Published

2018-02-13

Issue

Section

Economics, management of sectors and enterprises