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CRISIS MANAGEMENT

 

Action steps

 

1. Consider regulatory and legal framework

2. Determine what immediate action needs to be taken

3. Implement controls

4. Assess immediate cash crisis

5. Determine basis for paying creditors

6. Assess inventory levels

7. Evaluate debt collection procedures

8. Determine a strategy for realizing fixed assets

9. Assess the requirements for additional short-term funding

10. Determine the necessity to close the plant or reduce the

workforce

11. Consider financially restructuring the company

 

CRISIS MANAGEMENT

1.

 

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