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Strategic and Crisis Management in Agricultural Enterprises in the Czech Republic

Author

Listed:
  • Petr Řehoř

    (Department of Management, Faculty of Economics, University of South Bohemia in Č. Budějovice, Studentská 13, 370 05, České Budějovice, Czech Republic)

  • Jaroslav Vrchota

    (Department of Management, Faculty of Economics, University of South Bohemia in Č. Budějovice, Studentská 13, 370 05, České Budějovice, Czech Republic)

Abstract

Agricultural enterprises should constantly try to improve themselves. They need strategic management to manage their innovativeness in a focused manner, and to achieve growth and satisfy their strategic objectives in a way that minimizes the high-inherent risks or crises. The paper deals with a sub-research of the management of small and medium-sized enterprises in the Czech Republic. It is focused on the use of strategies in SMEs (especially for agriculture) management and the assessment of the significance of crises. Data were gathered as questionnaires and interviews from 183 (thereof 34 agricultural) enterprises operating in the Czech Republic. The research was done in 2015. Only about 15 % of the agricultural enterprises have formulated a strategy for the future direction of their enterprise. The crises did occur in all organizations, in varying degrees and intensity. The significance of this crises was assessed by an average mark of 3.5 (where 5 was the highest). Subsequently they analysed relationships among 17 major crises and compared the relations in other sectors.

Suggested Citation

  • Petr Řehoř & Jaroslav Vrchota, 2017. "Strategic and Crisis Management in Agricultural Enterprises in the Czech Republic," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 65(6), pages 2073-2081.
    • Handle: RePEc:mup:actaun:actaun_2017065062073
    DOI: 10.11118/actaun201765062073
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    References listed on IDEAS

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    1. Carlo Cafiero & Fabian Capitanio & Antonio Cioffi & Adele Coppola, 2007. "Risk and Crisis Management in the Reformed European Agricultural Policy," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 55(4), pages 419-441, December.
    2. Monika Švárová & Jaroslav Vrchota, 2013. "Strategic management in micro, small and medium-sized businesses in relation to financial success of the enterprise," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(7), pages 2859-2866.
    3. Martina Novotná & Tomáš Volek, 2016. "The Significance of Farm Size in the Evaluation of Labour Productivity in Agriculture," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 64(1), pages 333-340.
    4. Agnieszka Brelik, 2013. "Agro Tourism as Public Good in Rural Areas: A Case Study," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 67-74.
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