Company management and economic crisis

Sylwester Bogacki, Tomasz Wołowiec


First signs of crisis may be noticed very early, the problem is that usually we see what we want to see. And most often  these are good balance sheets. It is possible to function against bad management, thanks to the resources, special tax exemptions, or loans. Practice shows that even when company managers use their position to make some illegal profits, the companies do not collapse. It happens that even if big amounts of money are illegally taken out of the company, it still has good financial results. As long as the company has money and good opinion, it may function until it runs out of money for covering liabilities. Then, many people wonder how this could have happened and why no one has noticed problems. Then we talk about the crisis

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