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Do Small Enterprises Prepare for Crisis?

Author

Listed:
  • Marie Mikušová

    () (VŠB - Technical University of Ostrava)

  • Václav Friedrich

    () (VŠB - Technical University of Ostrava)

Abstract

This paper presents some results of research carried out in 2011. The research was focused on the relationship of small organizations to crises prevention. The aim was to determine the extent to which small organizations prepare for crisis. The result of presented part of research is identification of two crisis prevention strategies. The first strategy is focused on creating and updating a crisis plan and crisis team. The second one is based on appropriate behaviour to employees and surroundings so that the organizations build up their loyalty. Preparation for the crisis is most complicated by financing gap, which could be expected in small organizations and also managers declared a lack of time to prevention entertain. By the statistically processed data obtained by empirical research, the authors came to the conclusion that, although many small organizations know their weaknesses and external threats and trying to take precautionary measures, the preparing for a potential crisis still does not become a normal part of managerial work and it is not appreciated as a feature of competitiveness. The correlation analysis and factor analysis statistical tools were used for the research.

Suggested Citation

  • Marie Mikušová & Václav Friedrich, 2012. "Do Small Enterprises Prepare for Crisis?," Acta Universitatis Bohemiae Meridionales, University of South Bohemia in Ceske Budejovice, vol. 15(1), pages 3-16.
  • Handle: RePEc:boh:actaub:v:15:y:2012:i:1:p:3-16
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    File URL: http://ojs.ef.jcu.cz/acta/article/download/409/398
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    References listed on IDEAS

    as
    1. Theodore Metaxas, 2008. "Place Marketing, Strategic Planning and Competitiveness: The Case of Malta," European Planning Studies, Taylor & Francis Journals, vol. 17(9), pages 1357-1378, March.
    2. Samuel Agyei-Mensah, 2006. "Marketing its Colonial Heritage: A New Lease of Life for Cape Coast, Ghana?," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 30(3), pages 705-716, September.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Factor Analysis; Correlation; Prevention of Crises; Small Organization;

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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