Business revival is a notion that didn’t still become naturalized in Russian business vocabulary. Due to this notion we define the programs of cardinal economic conversion of companies that allow the company not only to come out of the crisis situation but also to develope into profitable business with high plough-back. Economic and competitive recovery allow to increase the business payoff for its owners.
There are a lot of ineffective companies all over the world. In spite of this fact we manage not only to stem the company’s destruction process but also to make it strategic goals and achieve them.
Using the succesful experience of economic recovery of great companies we would like to offer the definite row of “revival” measures.
Revival measures presuppose following points:
- Diagnostics of the reason that caused the current situation in the company;- Determination of the strategic goal;
- Organizig if necessary a new management team;
- Development of the program for the strategic goal’s achievment;
- Strict control over financial flow.
Owners understand that there is a crisis situation in the company and nessecary measures for the cease of current situation and bailout of the company are needed.
It is necessary to answer the question if the strategic goal for the management team is settled. As a rule the goal doesn’t exist and the management team deals with the solution of current problems.
If the strategic goal is settled so the question about necessaty of the management team change is raised.
If the goal doesn’t exist it is necessary to determine it and answer the question whether the management team could achieve the performance target.