IDEAS home Printed from https://ideas.repec.org/a/boh/actaub/v13y2010i4p69-74.html
   My bibliography  Save this article

Strategic decision-making of business management focused on crisis management

Author

Listed:
  • Emil Svoboda

    (Mendel University in Brno)

Abstract

There are presented in the contribution results formulated in researches MSM 6215648904 (Brno, 2010) focused in analysis of managerial, financial and economic risks and methods of their solving in strategical decision making of business management in a new entrepreneurial environment with influences caused by integration processes, development of information technology and factors of globalization. The results of the research indicate that companies with an up-to-date management need a well defined strategic management system and elaborate change management within this system, which contributes to the creation of balance between the internal environment of the management and external environment, i.e. creation of so called homeostasis. The above mentioned conception requires perfect information backing and up-to-date technical facilities for management, especially a computer network equipped with up-to-date software. Rapid changes, principally in the external environment, require of the business management to select new approaches and methods of decision-making and to have a well conceived algorithm enabling a flexible response to customers’ wishes. The paper is based on the methodology formulated by the author - methodology of creation, implementation and changes of business strategies and requirements for their improvement due to the incidence of a turbulent management environment and other essential factors. The main factors of crisis and methods of their analysis are formulated. Thereinafter, strategies of solving of crisis situations are formulated. The company Bioveta, Inc. is analysed in detail. The research has proved that companies with modern management need a well-made and working system of crisis management due to their complexity and risks.

Suggested Citation

  • Emil Svoboda, 2010. "Strategic decision-making of business management focused on crisis management," Acta Universitatis Bohemiae Meridionales, University of South Bohemia in Ceske Budejovice, vol. 13(4), pages 69-74.
  • Handle: RePEc:boh:actaub:v:13:y:2010:i:4:p:69-74
    DOI: 10.32725/acta.2010.046
    as

    Download full text from publisher

    File URL: https://doi.org/10.32725/acta.2010.046
    Download Restriction: no

    File URL: https://libkey.io/10.32725/acta.2010.046?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:boh:actaub:v:13:y:2010:i:4:p:69-74. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tereza Šťástková (email available below). General contact details of provider: https://edirc.repec.org/data/efjcucz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.