Received:
2017-12-10 | Accepted:
2018-03-15 | Published:
2018-03-30
Title
Security of the business organizations as a result of the economic crisis
Abstract
Global economic crisis is one of the most significant environmental changes influencing all managerial functions – including entrepreneurs and organization. In this paper, we study how entrepreneurs used organization to deal with the security and sustainability issues stemming from the global economic crisis. Crisis forced managers to undertake various organizational changes that led to a sharp reduction in the number of employees and thus flat organizational structure are the trend among structures. Organization is focused more on designing. One of the newest and fastest growing business trends is the creation of networks and clusters. We conducted research on a sample of 115 foreign and domestic companies running their business in Slovak Republic. We were interested in the perception of lean management, project management and strategic alliances creation during the crisis and in nowadays. We provided an analysis of changes in span of management and managerial level reduction. To analyse the companies, we used descriptive and inductive statistical methods on the lowest possible significance level. Based on our research we found that the optimization of the organizational structure can be the way for helping business companies to overcome economic insecurity in the times of the crisis.
Keywords
organization, entrepreneurship, economic crisis, security, organizational structure, sustainability, lean management, Slovakia
JEL classifications
D21
, M10
, M50
URI
http://jssidoi.org/jesi/article/174
DOI
HAL
Pages
659-671
Funding
This research was supported by the project "The innovative approaches to management and their influence on the competitiveness and the successfulness of the companies within the conditions of the global economy", VEGA No.: 1/0109/17 – a project funded by the University of Economics in Bratislava and led by doc. Ing. Nadežda Jankelová, Ph.D.
This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
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