Abstract

External threats in the global environment and the resulting economic consequences, e.g. the COVID-19 pandemic, the war in Ukraine, the rise in energy prices, and rising inflation, make corporates give more attention to the prevention of crises. Since some adverse events are less predictable, the need for greater preparedness and associated risk assessment using various methods and techniques, e.g. scenario analysis, is in place. The article aims to present the results of a case study focused on managing a service enterprise during a financial crisis using scenario analysis to prevent bankruptcy. The results of this case study in a specific service enterprise point to the need to pay attention to scenario analysis, with the help of which the enterprise can think about future development and possible economic consequences and take appropriate measures to avoid a crisis or ankruptcy. Processed results benefit board members, key process managers, risk experts, regulators, etc., not only in the business sector but also in the public sector in Slovakia and other countries worldwide.

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.