Validity of crisis recognition in a company applying artificial neural network

The problems of company's crisis recognition and prediction have become very relevant in Lithuania during the last decades. In the field of crisis and contingencies management, there is a strong notion that crisis are changing shape. Crises are becoming more complex in nature and they have become endemic features of modern society. The purpose of this paper is to examine the efficacy of artificial neural network method in crisis recognition process in a company and to base its importance and validity.