Skip to main content

Business Stabilization During the Crisis

  • Conference paper
  • First Online:
Economic Systems in the New Era: Stable Systems in an Unstable World (IES 2020)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 160))

Included in the following conference series:

Abstract

The article touches upon the consideration of corporate management strategies aimed at maintaining the company in the conditions of the economic crisis. The authors highlight the signs and causes of the recession of 2020 as well as the actions taken to stabilize the economy in Russia. The necessity of finding an adequate response to the high risks of bankruptcy of the enterprise, the destruction of supply chains and sales of products, failure to fulfill payment obligations is noted. To solve the problem, theoretical research methods were used: systematization and generalization, the study of documents and activity results when identifying problems and finding ways to solve them, generalization of experience. The article suggests using scientifically based approaches as a means of making managerial decisions. In order for anti-crisis measures to be balanced and effective, it is proposed to use a variety of possibilities of quantitative analysis, mathematical modeling, strategic choice, econometric forecasting, and solving optimization problems.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 229.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 299.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Asaturian, D., Kosals, L.: Organizational social capital as factor of the survival of Russian industrial enterprises in a crisis. Soc. Sci. Mod. 6, 5–26 (2019)

    Google Scholar 

  2. Bartov, O., Tretyakova, E.: Theoretical aspects of the impact of information and communication technologies on the socio-economic development of regions. Econ. Theory 16(4), 705–715 (2019)

    Google Scholar 

  3. Beliaeva, T., Shirokova, G., Wales, W., Gafforova, E.: Benefiting from economic crisis? Strategic orientation effects, trade-offs, and configurations with resource availability on SME performance. Int. Entrep. Manag. J. 16(1), 165–194 (2018). https://doi.org/10.1007/s11365-018-0499-2

    Article  Google Scholar 

  4. Chaganti, R., Cook, R., Smeltz, W.: Effects of styles, strategies and systems on the growth of small businesses. J. Dev. Entrep. 7, 175–192 (2002)

    Google Scholar 

  5. Chereshkin, D., Tsigichko, V.: Crisis management of the socio-economic system in the digital economy. Inf. Soc. 4–5, 44–53 (2019)

    Google Scholar 

  6. Hoffmann, C.H.: Thinking about theory and practice: what it means to reach effective risk management decisions in banking. J. Risk Manag. Financ. Inst. 13(1), 6–15 (2020)

    Article  Google Scholar 

  7. Koltashov, V.: Economic crises from the third century to the present day: cyclicity, nature and the logic of shocks of the modern. Logos 28(6), 27–72 (2018)

    Google Scholar 

  8. Rosbalt: Recruiters found out how many St. Petersburg companies are planning layoffs in the near future (2020). https://www.rosbalt.ru/piter/2020/04/15/1838539.html. Accessed 29 Apr 2020

  9. Russian Government: The list of sectors of the Russian economy most affected by the spread of a new coronavirus infection has been expanded (2020). http://government.ru/docs/39479/. Accessed 29 Apr 2020

  10. Sevastianova, S.A.: The formation of professional mathematical competencies among students of economic universities: Ph.D. thesis. Samara State University of Economics, Samara (2006)

    Google Scholar 

  11. Skalrtskii, E., Shirokova, G., Gaffarova, E.: Relationship between competitive strategies and Russian SME’s performance during economic crisis. Bull. Saint Petersburg Univ. Manag. 17(2), 204–230 (2018)

    Google Scholar 

  12. The Federal State Statistics Service: About the ratio of monetary income of the population with the amount of the subsistence minimum and the number of poor people in the Russian Federation as a whole in the first quarter of 2020 (2020). https://rosstat.gov.ru/bgd/free/b04_03/IssWWW.exe/Stg/d05/132.htm. Accessed 29 Apr 2020

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to S. A. Sevastyanova .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2021 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Sevastyanova, S.A. (2021). Business Stabilization During the Crisis. In: Ashmarina, S.I., Horák, J., Vrbka, J., Šuleř, P. (eds) Economic Systems in the New Era: Stable Systems in an Unstable World. IES 2020. Lecture Notes in Networks and Systems, vol 160. Springer, Cham. https://doi.org/10.1007/978-3-030-60929-0_39

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-60929-0_39

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-60928-3

  • Online ISBN: 978-3-030-60929-0

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics