Digital tools for anti-crisis management of enterprises: the Ukrainian case
Keywords:
crisis management, digital tools, sustainable development, business process, management decision-making.
Abstract
The political and economic situation in Ukraine has led to an increase in the likelihood of crisis phenomena at enterprises, which is manifested in a decrease in financial results or even losses, reduced financial stability and production volumes, deteriorating quality of services and products. Many enterprises, which have become uncompetitive, unfortunately, are now bankrupt. The ability of business entities in time to analyze the financial condition and develop anti-crisis measures, as well as the implementation of necessary anti-crisis solutions help to reduce the likelihood of bankruptcy or crisis phenomena, which will allow businesses to restore their solvency, improve financial stability and emerge from this state with the lowest major tasks of crisis management Given the presentation, the main purpose of the work is to summarize the theoretical material and develop right Business process modeling according to IDEF.0 standard was used as the main digital toolkit. Modeling of business processes with the use of these digital tools will allow to take into account all potential factors of anti-crisis management of Ukrainian enterprises, focusing on the flow of information, the validity of decisions, and the direct effectiveness of crisis management.
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References
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Aleksieienko, I., Leliuk, S., & Poltinina, O. (2020). Information and communication support of project management processes and enterprise value. Development Management, 18(3), 1–13. https://doi.org/10.21511/dm.18(3).2020.01
Aleksieienko, I., Poltinina O., & Leliuk S. (2020). Information support of the management process of the economic entity. Modern science: problems and innovations: II Intern. scientific-practical. conf. (3-5 May 2020, Stockholm). Stockholm, 2020. http://repository.hneu.edu.ua/bitstream/123456789/26133/1/15.pdf
Ayu Nani, D., & Dina Safitri, V. A. (2021). Exploring the relationship between formal management control systems, organisational performance and innovation: The role of leadership characteristics. Asian Journal of Business and Accounting, 14(1), 207–224. https://doi.org/10.22452/ajba.vol14no1.8
Bieńkowska, A., & Tworek, K. (2022). Controlling and its influence on organizations’ functioning under conditions caused by the COVID-19 pandemic. Sustainability, 14(24), 16644. https://doi.org/10.3390/su142416644
Buriak, I., & Petchenko, M. (2021). Analysis of the dilemmas of building an accounting system for the needs of future economic management. Futurity Economics & Law, 17–23. https://doi.org/10.57125/fel.2021.03.25.3
Christa, U. R., & Kristinae, V. (2021). The effect of product innovation on business performance during COVID 19 pandemic. Uncertain Supply Chain Management,151-158. https://doi.org/10.5267/j.uscm.2020.10.006
Emilova, I. (2022). The Anti-Crisis Management in The Process of Global Integration. LUMEN Proceedings, 18, 45-50. https://doi.org/10.18662/lumproc/gidtp2022/05
Feshina, S. S., Konovalova, O. V., & Sinyavsky, N. G. (2019). Industry 4.0—transition to new economic reality. In Industry 4.0: Industrial Revolution of the 21st Century (pp. 111–120). Springer International Publishing. Doi: 10.1007/978-3-319- 94310-7_11
Ihnatenko, R. (2022). Technologies of targeting advertising: the essence and effectiveness. Financial and Credit Activity Problems of Theory and Practice, 1(42), 428–435. https://doi.org/10.55643/fcaptp.1.42.2022.3715
Katamadze, G. (2022). Business entity’s preventive-anti-crisis strategy model and possibilities of its implementation in Georgia. Economics. Ecology. Socium, 6(2), 38–45. https://doi.org/10.31520/2616-7107/2022.6.2-4
Khalina, O., Bazyliuk, V., Chornenka, O., Krasilych, I., & Korzh, M. (2019). Formation of organizational support for the management of the economic security of engineering enterprises: Methodical and practical aspects. Business: Theory and Practice, 20(0), 317–328. https://doi.org/10.3846/btp.2019.30
Lobova, S. V., Bogoviz, A. V., & Alekseev, A. N. (2022). Sustainable AI in environmental economics and management: Current trends and post-COVID perspective. Frontiers in Environmental Science, 10. https://doi.org/10.3389/fenvs.2022.951672
Loginov, M., Usova, N., & Nedorostkova, E. (2021). Developing digital retail services as a tool of ensuring consumer market sustainable development in the Sverdlovsk region. SHS Web of Conferences, 94, 01028. https://doi.org/10.1051/shsconf/20219401028
Lowe, E. A. (1971). On the idea of a management control system: Integrating accounting and management control. The Journal of Management Studies, 8(1), 1–12. https://doi.org/10.1111/j.1467-6486.1971.tb00833.x
Melnyk, S., Shuprudko, N., Kolosovska, I., Berest, I., & Pasichnyk, M. (2020). Anti-crisis personnel management in the process of ensuring the economic security of the enterprise. Business: Theory and Practice, 21(1), 272–281. https://doi.org/10.3846/btp.2020.11438
Metelenko, N. (2018). Conceptual model for assessing financial safety in the system of economic security of industrial enterprise. Management and Entrepreneurship Trends of Development, 4(06), 95–110. https://doi.org/10.26661/2522-1566/2018-4/06-11
Mocanu, N. (2018). Implementation of anti-crisis management technologies. International Journal of Innovation in the Digital Economy, 9(4), 11–23. https://doi.org/10.4018/ijide.2018100102
Popova, Y. (2020). Economic or financial substantiation for smart city solutions: a literature study. Economic Annals-ХХI, 183(5–6), 125–133. https://doi.org/10.21003/ea.v183-12
Starosta, A. (2014). Anti-crisis Management Strategies. The case of companies in the Greater Poland Voivodeship. Management, 18(1), 255–266. https://doi.org/10.2478/manment-2014-0019
Sylkin, O., Kryshtanovych, M., Zachepa, A., Bilous, S., & Krasko, A. (2019). Modeling the process of applying anti-crisis management in the system of ensuring financial security of the enterprise. Business: Theory and Practice, 20, 446–455. https://doi.org/10.3846/btp.2019.41
Usova, N.V., Loginov, M.P., & Nedorostkova, E.E. (2021). Anti-crisis strategies of the digital retail services market development. Benefit, 4(41), 23-29.
Voskolupov, V., Balanovska, T., Havrysh, O., Gogulya, O., & Drahnieva, N. (2021). Marketing management as a tool for preventing crisis of agricultural enterprises. Financial and Credit Activity Problems of Theory and Practice, 5(40), 410–417. https://doi.org/10.18371/fcaptp.v5i40.245192
Yankovskaya, V. V., Mustafin, T. A., Endovitsky, D. A., & Krivosheev, A. V. (2022). Corporate social responsibility as an alternative approach to financial risk management: Advantages for Sustainable Development. Risks, 10(5), 106. https://doi.org/10.3390/risks10050106
Yessenbekova, Z., A., & Turezhanov, S. (2021). Circular bioeconomics: conceptual aspects. Economic Annals-ХХI, 193(9–10), 45–53. https://doi.org/10.21003/ea.v193-05
Zinisha, O., Kharchenko, E., Avdeev, Y., Pavlova, N., & Maltsev, I. (2021). Features of application of International Financial Reporting Standards (IFRS) by international companies. Economic Annals-ХХI, 188(3–4), 188–194. https://doi.org/10.21003/ea.v188-22
Published
2023-05-30
How to Cite
MуkhalchenkoH., Zhuravlova, I., Zhalinska, I., Saienko, V., & Ovander, N. (2023). Digital tools for anti-crisis management of enterprises: the Ukrainian case. Amazonia Investiga, 12(64), 291-299. https://doi.org/10.34069/AI/2023.64.04.30
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