The concept of crisis management by intervention model for SMEs
| Autor: | Kurschus, Ralph-Jorn, Šarapovas, Tadas, Pilinkiene, Vaida, Kauno technologijos universitetas |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
Root (linguistics) Process management media_common.quotation_subject Crisis management Intervention (counseling) 0502 economics and business Quality (business) Business and International Management Marketing crisis management Set (psychology) Engineering (miscellaneous) media_common company crisis forecasting 05 social sciences SME 050201 accounting Identification (information) bankruptcy Bankruptcy Company Crisis Forecasting Position (finance) Business 050203 business & management company crisis |
| Popis: | Crisis identification in SMEs sector requires a specific attention to quantitative and qualitative criteria which describe the performance of SME and its business perspectives. The experience in company crisis solving shows that for SMEs the qualitative indicators like quality of management, personnel, finance management, competitive position and others might have much more severe effect on company's ability to perform and to avoid crisis. Therefore, the crisis identification and intervention solutions in case of SMEs require to take into account more specific factors, which would stress the qualitative characteristics of the business and company. Focusing solely on the quantitative criteria for SMEs will not allow correct identification of company's situation and could lead to a misinterpretation of possible crisis signals. To improve the crisis management for SMEs, in this paper the crisis management by intervention model is presented which define the concept of intervention in SMEs management in case of crisis. The core of the presented model is the set of hard (quantitative) and soft (qualitative) criteria which are relevant for the crisis identification in SMEs and sector, and the multidimensional assessment method, which enables the assessment of the importance of all criteria and selection of relevant criteria in every specific case. In such a way, the identification and management of SMEs crisis can be focused on the root causes of the crisis, including managerial experience and organisation issues of the company, which can be identified by a specific set of quantitative or qualitative criteria. Although the model is based on the research in German SMEs sector, but it can also be adopted in other countries, taking into account the specificities related to business management in each country. |
| Databáze: | OpenAIRE |
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