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Key Factors In Strategy Choice For An Enterprise Recovery

Author

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  • Ljiljana Kontić

Abstract

The main purpose of our research is to construct and apply a framework for strategic choice, which is essential for successful recovery. Based on analysis of relevant literature and empirical studies of recovery, we proposed four different recovery strategies such as management changes, financial restructuring, internal or external strategies. We have identified and included the following seven factors in analytical framework: causes of crisis, the phase of crisis, available resources, organizational life cycle, competitive position, industrial level, and stakeholder influences in organizational survival, expecially banks and other creditors. Furthermore, we examined the application of this framework to six case studies of enterprises in Serbia.

Suggested Citation

  • Ljiljana Kontić, 2007. "Key Factors In Strategy Choice For An Enterprise Recovery," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 52(173), pages 105-132, April - J.
    • Handle: RePEc:beo:journl:v:52:y:2007:i:173:p:105-132
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    More about this item

    Keywords

    Strategy; Recovery; Management; Crisis;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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