Stages of anti-crisis management

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Anti-crisis management is carried out in stages, which allows for a systematic and effective response to emerging threats. Each stage is aimed at identifying problems, developing solutions and implementing them to restore stability in the organization.

Step 1: Establishing the existence of a crisis
The way out of a critical situation begins list of venezuela cell phone numbers with identifying problem areas in the organization's activities. When specific problems are found and it becomes clear why such an exacerbation has arisen, then you can begin developing an anti-crisis plan.

Step 2: Working with employees
The owner of the company must:

Conduct an analysis of employees’ KPIs and fire those who have proven themselves to be weak specialists.

Show the team the real situation of the company and prepare them for work in a crisis situation.

Create a favorable atmosphere in the team and resolve conflicts within the team.

Conduct retraining of employees.

Step 3: Reducing Costs
Cost reduction should not affect the quality of manufactured products or services offered. It is necessary to choose suppliers with loyal terms of cooperation or reduce the range of goods.

Step 4: Sales Promotion
To make sales more active and help the company get out of a difficult situation, you can hold sales and promotions, offer bonus programs. It is recommended to connect a CRM system to process incoming orders. Potential buyers will appreciate your zeal for solving their problems and satisfying their needs.

Step 5: Optimization of financial flows
To optimize cash flows you need to:

constantly check the balance;

increase the volume of income not related to the sale of products (for example, selling material resources that are not used);

reduce the volume of trade credits;

improve sales.

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Step 6: Restructuring of accounts payable