What lessons can we learn from the present economic crisis for the possible future strategies of enterprises - lesson from Hungary and Slovakia

Balaton, Károly (2011) What lessons can we learn from the present economic crisis for the possible future strategies of enterprises - lesson from Hungary and Slovakia. In: IABPAD International Conference, 7-11 April 2011, Dallas, Texas, USA.

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Abstract

The paper explores the characteristics of the present economic crisis at enterprise level and its comsequences for possible growth after the crisis. The study builds on international experiences concerning recovery from crisis during the previous economic downturns between 1980 and 2002. Survey results in Hungary and Slovakia are presented with special attention to how companies tried to react to the present economic recession. The study analyses the possible consequences of the strategies followed by the Slovakian and Hungarian firms during the crisis period from the point of view of capabilities for utilizing the options for growth when demand will start to increase.

Item Type:

Conference or Workshop Item (Paper)

Uncontrolled Keywords:

corporate strategy, crisis, innovation

Divisions:

Faculty of Business Administration > Institute of Management > Department of Strategic Management

Subjects:

Management, business policy, business strategy

Projects:

TÁMOP-4.2.1/B-09/01/KMR-2010-0005

ID Code:

591