Enterprise development management through managed chaos

This paper qualitatively analyzes the stability of the equilibrium solution of a class of fractional chaotic financial systems and the conditions for the occurrence of Hopf bifurcation, and uses the Adams-Bashford-Melton predictive-correction finite difference method to pass the analysis Bifurcation diagrams, phase diagrams, and time series diagrams are used to simulate the complex evolution behavior of the system.

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From survival to business prosperity: the financial aspect of managing an organization in a crisis

Bieliaieva

Krushelnytskyi

Voliak

et al. 2020

Ind. Jour. Manag. & Prod.

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The article is about revealing the content and role of finance capacity and financial and economic results of enterprises activity under the crisis. The article provides an understanding of crisis results at the enterprises activity in conditions of poor management and weak financial strategy. It is analyzed current business situation, including results of the companies due to the coronavirus. It is established that not only the crisis management system (if it exists at the enterprise), but also the financial management system at the enterprise has great importance during a crisis and ensures its stable functioning afterwards. With unstable financial flows and their inept coordination, a crisis for an enterprise can come much earlier (due to internal disruption) than for the whole country or the world economy as a whole. The results are based on theoretical scientific researches and financial and economic data of enterprises activity. Based on system analysis, a number of features have been identified as the building elements for the formation of understanding how to manage an organization in a crisis taking into account the financial aspect. A logical sequence of factors and their interrelationships was established within the entire process of enterprise management during a crisis. Identified elements indicate the directions that need to be implemented at the enterprise for its stable functioning even in times of crisis. According to the analyzed data, most companies used their financial reserves and were able to improve their positions. It is investigated the main common ways to reduce costs in crisis: reducing the production capacity (including the number of purchases, storage), changing the schedule of employees working day (taking into account daylight hours), reduction (closure) of sale points (which, among other things, provokes staff reduction also). It is declined ways of manager’s behavior as decide with speed over precision, adapt boldly, reliably deliver, and engage for impact, which help them to manage company effectively.

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Enterprise development management through managed chaos

Cited by 3 publications

References 2 publications

Dynamic modeling and chaos control of sustainable integration of informatization and industrialization

Dynamic modeling and chaos control of sustainable integration of informatization and industrialization

Research on Computer Modeling of Fractional Differential Equation Applied Mathematics

From survival to business prosperity: the financial aspect of managing an organization in a crisis

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