Both young and long-established companies are exposed to a constant risk of crisis. And we certainly have had more than our share of crisis in recent times. External (e.g. Covid 19, Brexit) or internal causes can be decisive: declining demand, delayed adjustments to the company structure and bad debts are just a few examples of problems. In many cases, a crisis can be overcome, and the existence of the company and the jobs associated with it secured by taking TIMELY countermeasures.
The real problem is not the crisis itself, but its early detection and the development of suitable counterstrategies and measures. Companies in advanced crisis phases can usually only react instead of acting. The later the crisis is recognised, the faster the scope for action decreases.
Momentum is delighted to be involved in a project to develop new tools to help SMEs tackle crisis. We are working on four outputs :
Output 1: INTERNATIONAL EARLY WARNING SYSTEM FRAMEWORK – comprising an international study on early warning signals and systems as well as countermeasures for business crisis of SMEs and analysing their specific success factors
Output 2: CURRICULUM AND Resources: Including a curriculum, learning objectives, lesson plans, assessment guides, and access to a variety of original teaching content in digital format. These free resources provide business advisor with a complete toolkit for teaching early-stage intervention skills as part of business development programmes, in the classroom or in blended (digital) learning formats. The resources will also be published as OERs for self-learning on the knowledge platform
Output 3: INTERACTIVE CRISIS ANALYSIS AND SOLUTION TOOLKIT: Based on the framework from Output 1, we will produce a tool for the in-depth analysis of specific corporate crises of SMEs. Based on this analysis, individual information/learning resources and solution approaches to overcome the corporate crisis will be proposed
Output 4: KNOWLEDGE PLATFORM and OERs adapting the three previous outputs and supplemented with additional learning materials and relevant information, we will develop a fully self-directed learning course for SME owners to access directly.
Our project has a strong and cross representational consortium involving 6 partners from 5 countries – read more on Meet the Team – SECure (smecrisistoolkit.eu)
SOCIAL CHANNELS :