Abstract

In the phase of crisis phenomena in the economy, their survival in a competitive environment is of particular importance for many enterprises, and therefore the issues of diagnosing the risk of bankruptcy of business entities are more relevant than ever. When identifying signs of bankruptcy, the management of companies focuses on the development and implementation of such measures that would avoid it and build the enterprise to a new stage of development. In this regard, one of the most important components of bankruptcy prevention measures is the development of a bankruptcy prevention strategy or an anti-crisis management strategy. To overcome the insolvency of ineffectively operating economic entities, at an early stage, the problem of developing an organizational and economic mechanism and measures that will strengthen the position of an enterprise in the market and help to postpone possible bankruptcy becomes dominant. The inclusion of bankruptcy in the mechanism of state regulation, which followed the formation of new economic relations in the Russian Federation, objectively required a rethinking of the previously accumulated theoretical and methodological developments and practical solutions. This article presents a visual analysis of the organizationand the process of forming a strategy to prevent bankruptcy on the example of a specific enterprise - “OAO Radiodetal”. In the financial condition of the investigated enterprise, a number of problem areas are highlighted; a strategy for preventing bankruptcy is being formed at the enterprise. In the course of assessing the process of forming a bankruptcy prevention strategy at “OAO Radiodetal”, a number of shortcomings were also noted, the key of which is the lack of analysis of the external environment, which may lead to not taking into account important factors of the enterprise's activities. When implementing a bankruptcy prevention strategy and at the initial stages of its formation, specialists involved in this rely on the results of assessing the likelihood of bankruptcy.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.