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Crisis In The Enterprise: Phases, Factors And Approaches For Study

Author

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  • Konstantin Velchev

    (Varna University of Economics)

Abstract

In the basis of qualifying an enterprise as „inoperative” is a crisis that has occurred in it, but not every way out of a „crisis”, irrespective of what it is, meets the criteria for inoperative enterprise. The principal aim of the present article is to characterise the phenomenon „crisis in the enterprise”. The present exposition summarizes the critical scientific and practical studies of the author on the essence of the notion of „crisis”, the possibilities for identification, classification and characterization of the factors of crisis development and the approaches for its study and management. The main emphasis in the article is laid on the differentiation of the crisis as a phase of the life cycle of the enterprise and the stages through which the cris is passes.

Suggested Citation

  • Konstantin Velchev, 2012. "Crisis In The Enterprise: Phases, Factors And Approaches For Study," Business & Management Compass, University of Economics Varna, issue 3, pages 89-101.
  • Handle: RePEc:vrn:journl:y:2012:i:3:p:89-101
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    More about this item

    Keywords

    crisis; phases; factors; approaches;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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