THE BEHAVIOUR OF ENTERPRISES IN TIMES OF CRISIS

Stanisław Brzeziński

Polish Journal of Management Studies, 2011, vol. 3, issue 1, 70-78

Abstract: The global financial crisis, which arose on Wall Street in mid-2008 undermined the standards applicable in the global economy. Capital inflows from banks and other financial entities to companies decreased dramatically, including those from investment funds, pension funds, etc., which was the first result of the crisis and redefined the standards previously helping the companies to achieve market goals. It is also the case with production units, banks, etc. The crisis led to significant deterioration of economic order on a global scale. As a result of the crisis, cooperation between individual enterprises was also severely hit by the crisis on both micro- and macro-scale. Traditional markets for goods and services experienced some wavering as well. It made enterprises seek new measures for achieving market goals since the collapse of demand was the main effect of the sharp downturn faced by the global economy.

Keywords: crisis; enterprises; economy; financial (search for similar items in EconPapers)
JEL-codes: E00 G00 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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