Stress testing as a crisis management tool

The autogenic crisis is considered as a conceptually new direction in ensuring long-term sustainable development of organizations. Autogenic or managed crisis is an innovative method of resolving contradictions in organizations. Thus, the stress testing method is proposed as an instrument of the mechanism of autogenic crisis and crisis management. The problems of stress testing in the financial and banking sector, both at the macro level and at the micro level, have been worked out quite deeply. However, for real sector, these problems require appropriate adaptation, theoretical and practical study. The article clarifies the conceptual apparatus of stress testing. The goals and objectives of the stress testing method, methodology and scenarios, roles and areas of special attention, specific programs adapted for sectors of the real economy are determined. It is concluded that stress testing should be an important, innovative and economically feasible tool for the top management of any organization when making decisions on business strategy, crisis management, risks and capital.

crisis, autogenic crisis, stress testing, stress test, risk, risk management