Stage 7: Reorganization of the enterprise structure

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Reorganization helps to stabilize financial flows, which helps to maintain the company's value on the market and diversify funds.

Step 8: Create comprehensive reporting
In order for a business to successfully cope with difficulties, it is important to adequately assess its position in the market, the ability to stand out among competitors, assets and liabilities, and list of peru cell phone numbers their ratio. In this regard, close attention is required to the creation of reliable and complete reporting.

Stage 9: Developing a business development strategy
It is necessary to create a flexible, adaptive strategy that can change under the influence of external and internal factors. To develop such tactics for getting out of a critical point, an entrepreneur needs not only to perform diagnostics, but also to adjust business goals, and choose an alternative way to develop the situation when overcoming the aggravation.

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5 Crisis Management Strategies
A crisis exit strategy is a plan that contains tasks and the time for their implementation. Let's look at several examples of anti-crisis strategies.

"Electric Shock"
This strategy is associated with great risk, since it does not correspond to the usual logic, according to which it is necessary to reduce expenses. Usually, during a crisis, companies reduce their staff, cut costs on production and marketing activities.

The peculiarity of this anti-crisis management strategy is that expenses in critical areas, on the contrary, increase. For example: the manager decides to raise the wages of employees, they become motivated to work and productivity increases.

"Manual control"
Sometimes, poor financial performance of a company is the result of poor internal control. The goal of this strategy is to tighten supervision. The owners of the organizations take control of the management and participate in all key decisions until the company emerges from the crisis.

"Optimal reporting"
In this case, business processes are optimized through procedures related to the creation of management (internal) reports. Reporting documents must fully reflect the state of affairs in the company and immediately show where there are problems.