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Strategic Decision Making in Times of Global Financial Crisis

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  • Gawlik, Remigiusz

Abstract

The presented paper is a brief presentation of findings based on research lead on a group of small and medium businesses. The study has been made in conditions of global financial crisis and its effects, such as fall of production volumes in numerous companies. A number of indexes describing the actual economic situation and short – term prospects of discussed businesses has been presented to their medium- and high level executives in order to point out those most useful when taking strategic decisions. The sample structure consisted of companies with Polish and foreign capital operating locally and internationally. Obtained answers have been grouped in two sets accordingly to the actual situation of a given enterprise. The first group contains indexes preferably used by managers in times of economic instability, whereas the second group shows possible changes in preferences of economic indexes utility in times of prosperity. Research methodology included Delphi method and expert questioning for data gathering and Pareto – Lorenz analysis for interpretation of findings. The study ends with proposals of applications of research outcome into further research directed towards elaboration of a synthetic index facilitating strategic decision making in international companies.

Suggested Citation

  • Gawlik, Remigiusz, 2009. "Strategic Decision Making in Times of Global Financial Crisis," MPRA Paper 45407, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:45407
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    File URL: https://mpra.ub.uni-muenchen.de/45407/1/MPRA_paper_45407.pdf
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    References listed on IDEAS

    as
    1. Bénédicte Vidaillet & V. d'Estaintot & P. Abécassis, 2005. "Introduction," Post-Print hal-00287137, HAL.
    2. Marisa Ramírez Alesón & Manuel Espitia Escuer, 2002. "The impact of product diversification strategy on the corporate performance of large Spanish firms," Spanish Economic Review, Springer;Spanish Economic Association, vol. 4(2), pages 119-137.
    3. Gawlik, Remigiusz, 2008. "Managing Innovativeness in International Enterprises," MPRA Paper 45349, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Gawlik, Remigiusz, 2014. "Application of Artificial Intelligence Methods for Analysis of Material and Non-material Determinants of Functioning of Young Europeans in Times of Crisis in the Eurozone," MPRA Paper 62444, University Library of Munich, Germany, revised 2014.
    2. Gawlik, Remigiusz, 2010. "Managerial Decision Making in Geopolitically Turbulent Environments," MPRA Paper 45408, University Library of Munich, Germany.

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    More about this item

    Keywords

    Decision Making; Enterprise Development Indexes; Pareto – Lorenz Diagram; International Management;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy

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