Do Small Enterprises Prepare for Crisis?

Připravují se malé organizace na krizi?

Marie Mikušová and Václav Friedrich
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Marie Mikušová: VŠB - Technical University of Ostrava
Václav Friedrich: VŠB - Technical University of Ostrava

Acta Universitatis Bohemiae Meridionalis, 2012, vol. 15, issue 1, 3-16

Abstract: This paper presents some results of research carried out in 2011. The research was focused on the relationship of small organizations to crises prevention. The aim was to determine the extent to which small organizations prepare for crisis. The result of presented part of research is identification of two crisis prevention strategies. The first strategy is focused on creating and updating a crisis plan and crisis team. The second one is based on appropriate behaviour to employees and surroundings so that the organizations build up their loyalty. Preparation for the crisis is most complicated by financing gap, which could be expected in small organizations and also managers declared a lack of time to prevention entertain. By the statistically processed data obtained by empirical research, the authors came to the conclusion that, although many small organizations know their weaknesses and external threats and trying to take precautionary measures, the preparing for a potential crisis still does not become a normal part of managerial work and it is not appreciated as a feature of competitiveness. The correlation analysis and factor analysis statistical tools were used for the research.

Keywords: Factor Analysis; Correlation; Prevention of Crises; Small Organization (search for similar items in EconPapers)
JEL-codes: C10 M21 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:boh:actaub:v:15:y:2012:i:1:p:3-16

DOI: 10.32725/acta.2012.001

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