New approaches to the solving of economic crisis in business management

E. Svoboda
Additional contact information
E. Svoboda: The Faculty of Regional Development and International Studies, Mendel University of Agriculture and Forestry, Brno, Czech Republic

Agricultural Economics, 2009, vol. 55, issue 7, 307-313

Abstract: The paper presents the results of the research focused on crisis management, which is based on the process of change management by the author-formulated methodology of the creation, implementation and changes of business strategies and requirements for their improvement due to the incidence of a turbulent management environment and other essential factors. The main factors of crisis and methods of their analysis are formulated. Thereinafter, the strategies of solving crisis situations are formulated. The company Bioveta, Inc. is analysed in detail. The research has proved that companies with modern management need a well-made and working system of crisis management due to their complexity and risks.

Keywords: crisis management; algorithm; company life cycle; crisis matrix (search for similar items in EconPapers)
Date: 2009
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://agricecon.agriculturejournals.cz/doi/10.17221/50/2009-AGRICECON.html (text/html)
http://agricecon.agriculturejournals.cz/doi/10.17221/50/2009-AGRICECON.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:55:y:2009:i:7:id:50-2009-agricecon

DOI: 10.17221/50/2009-AGRICECON

Access Statistics for this article

Agricultural Economics is currently edited by Ing. Zdeňka Náglová, Ph.D.

More articles in Agricultural Economics from Czech Academy of Agricultural Sciences
Bibliographic data for series maintained by Ivo Andrle ().