• THE CHARACTERISTICS OF PREFERRED STRATEGIC POSTURES BY BULGARIAN INDUSTRIAL COMPANIES IN THE WORLD FINANCIAL AND ECONOMIC CRISIS

    Author(s):
    Kiril Dimitrov (see profile)
    Date:
    2011
    Group(s):
    Business Management, Global & Transnational Studies
    Item Type:
    Article
    Tag(s):
    Bulgarian companies, business strategy, crisis management, firm management, industrial organizations
    Permanent URL:
    http://dx.doi.org/10.17613/M6B56D44X
    Abstract:
    This article presents the results of a survey of Bulgarian industrial organizations with respect to their clashes with the world financial and economic crisis’s effects on local economy. The crisis manifestations under business environment specificity factors and important cultural aspects of dominating managerial behavior in these companies are described and analyzed. The concrete research encompasses two groups of industrial companies, representing two opposite views to crisis – as a threat or as an opportunity. Attitudes to crisis, undertaken anti-crisis measures in key functional areas, preferred strategic moves of these companies are surveyed, analyzed and summarized, i.e. unravelling dominating attitudes among the majority of managers to perform serious cuts in expenditures in important functional spheres as human resources, investments, innovations, marketing, etc., and also noticing the minority of organizational leaders that accept the challenges of re-inventing current business models and/or re-formulating company vision and mission statements.
    Notes:
    Dimitrov, K., (2011) “The characteristics of preferred strategic postures by Bulgarian industrial companies in the world financial and economic crisis”, in Scientific Annals of the "Alexandru Ioan Cuza", Univesity of Iasi – “Economic Sciences Section”, Rumania, Issue LVII, pp203-234, ISSN: 0379-7864, available at: http://anale.feaa.uaic.ro/anale/resurse/mm3dimitrov.pdf, available at: https://www.ceeol.com/search/article-detail?id=548843, DOI: 10.5281/zenodo.1434836
    Metadata:
    Published as:
    Journal article    
    Status:
    Published
    Last Updated:
    8 months ago
    License:
    Attribution-NonCommercial-ShareAlike
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