Metrics of Management Effectiveness: Decision-Making in Enterprises During Crisis Periods

Article DOI: https://doi.org/10.57017/jaes.v21.4(91).14

Author(s):

Liliia SHUMYLIAK Bratislava University of Economics and Management, Slovakia, Yuriy Fedkovych Chernivtsi National University, Ukraine
Luboš CIBÁK Bratislava University of Economics and Management, Bratislava, Slovakia
Mykola YOKHNA Department of Management and Administration, Faculty of Management, Administration and Tourism, Khmelnytskyi National University, Ukraine
Tetiana SHTERMA Faculty of Information Technology and Economics Private Higher Educational Institution "Bukovinian University", Chernivtsi, Ukraine
Inna KOZLOVA Department of Management, Logistics and Innovation Simon Kuznets Kharkiv National University of Economics, Ukraine

Abstract:

This study develops a comprehensive system of metrics to evaluate the effectiveness of management decisions during crisis periods, with a specific focus on enterprises in the transitional economy of Ukraine. Under conditions of extreme market volatility and systemic shocks, including wartime challenges, traditional performance indicators often fail to capture the nuances of organizational resilience. Using a structural-analytical approach, this paper identifies key performance indicators (KPIs) that prioritize liquidity maintenance, resource optimization, and strategic flexibility over short-term profit maximization.

The research establishes that the adoption of adaptive management metrics serves as an internal structural reform, allowing firms to navigate the transition from crisis survival to long-term stability. By integrating qualitative and quantitative measures of decision-making efficiency, the proposed framework provides a roadmap for safeguarding an enterprise's financial health during periods of intense uncertainty. The findings demonstrate that effective crisis-period metrics are a prerequisite for maintaining corporate solvency and supporting national economic resilience. The study concludes with practical recommendations for managers to implement these metrics as part of a broader strategy for financial sustainability in transitional and conflict-affected environments.

Copyright© 2026 The Author(s). This article is distributed under the terms of the license CC-BY 4.0., which permits any further distribution in any medium, provided the original work is properly cited.

Article’s history: Received 17th of November, 2025; Received in revised form 27th of December, 2025; Accepted 4th of February, 2026; Available online: 15th of March, 2026. Published as article in the Volume XXI, Special Issue, 1(91), 2026.

How to cite:

Shumyliak, L., Cibák, L., Yokhna, M., Shterma, T., & Kozlova, I. (2026). Metrics of Management Effectiveness: Decision-Making in Enterprises During Crisis Periods. Journal of Applied Economic Sciences, Volume XXI, Special Issue, 1(91), 275 – 289. https://doi.org/10.57017/jaes.v21.4(91).14

Acknowledgments/Funding: The EU Next Generation EU funded the work through the Recovery and Resilience Plan for Slovakia under the project No. 09I03-03-V01-00085.

Conflict of Interest Statement: The authors declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest.

Data Availability Statement: Data Availability Statement: The data that support the findings of this study are available from the corresponding author upon reasonable request.

Ethical Approval Statement: This study is based exclusively on publicly available secondary data and firm-level financial information. The authors confirm that the study was conducted in accordance with applicable research integrity and academic ethics standards.

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