The Model of Development of a Manufacturing Enterprise in Latvia
Ekonomiskie pētījumi uzņēmējdarbībā: Rīgas Tehniskās universitātes Inženierekonomikas un vadības fakultātes zinātniskie raksti. 7.sējums 2009
Marija Tiščenko, Zoja Sundukova

The factors affecting development of manufacturing industry are analysed in the article. One of the most significant factors is business cycle and related economic processes. The management operation models for each phase of the economic cycle are provided in the article based on the business cycles theoretical aspects and the real development of the indicators of macroeconomics. The article’s authors elaborated the model intended to prevent and define the financial crisis of the enterprise on the base of effective management for successful development and long-term financial stability. It consists of: evaluation of the enterprise’s financial situation which includes the financial monitoring and analysis of basic indicators of its objects; determination of crisis size and affecting factors which includes the determination of inside and outside factors which provokes and deepen the crisis as well as the statement of the crisis’s scale on the base of the analysis of the basic indicators of financial monitoring objects; elaboration of the plan of crisis overcome and future strategy which includes prevention of bankruptcy, recovery and long-term security for financial stability.


Keywords
Business cycle, financial crisis, model of development

Tiščenko, M., Sundukova, Z. The Model of Development of a Manufacturing Enterprise in Latvia. Economic Research in Business. Vol.7, 2009, pp.127-136. ISSN 1691-0737.

Publication language
Latvian (lv)
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