"Is There Plenty of Time?": Internal Enterprise Cutbacks

Judit Karsai and András Boros-Kazai

Eastern European Economics, 1992, vol. 30, issue 2, 44-75

Abstract: Instead of crisis-ridden branches or bankrupt enterprises, this article focuses on how to prevent or endure crises in the enterprises by using cutbacks as natural ingredients of the enterprises' business policies. The author compares the experiences gained in various Hungarian processing enterprises with the observations found in the professional literature abroad. She introduces the characteristic traits of cutbacks, the faulty preparation of management units in this area, and the primary obstacles to cutbacks existing in our system of preconditions. She observes that most domestic enterprises, since they operate without a strategy, tend to delay action and respond only to the sharpest indications from their environment. Thus, instead of planning for cutbacks, they tend to endure them.

Date: 1992
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