Depending on the type of crisis, as well as the management goals, approaches may vary. There are three main types:
Reactive control
It is usually introduced when the crisis is already gaining momentum and urgent measures need to be taken in a short time so that the company can continue working. Such problems us companies board of directors email list usually appear in the financial sector.
Reactive control
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Here, work is being done in the direction of preventing business bankruptcy, returning it to solvency and restoring the parameters that were before the crisis. To do this, it is necessary to understand what factors led to the emergence of problems, eliminate them and build an effective business management system.
Preventive management
Such a system of anti-crisis management is based on the assessment of possible threats and the implementation of measures to prevent the emergence of a crisis. In such situations, longer periods are needed for decision-making. This is largely determined by the quality of the analysis to assess the risks of the occurrence of certain events and the timely and effective use of resources to prevent threats.
Often, the financial security of the enterprise is of great importance and it is important to work on its growth. It is also necessary to pay attention to changes in the market situation and respond to them in a timely manner.
Preventive management takes place in situations that differ in the danger of crisis development:
Early management is implemented when a crisis has already begun, which does not yet have a strong impact on the state of the business, for example, there is a drop in demand for the product. At this stage, effective management involves not only achieving stabilization of the situation, but also the active implementation of new methods and technologies.
Weakness management. First, changes in the market are monitored to detect signs of an impending crisis (for example, a small percentage of competing firms selling similar products). In such cases, crisis management is an additional measure to regular management and involves, for example, developing measures to reduce the volume of loans so that the organization becomes more financially stable.