Key factors in strategy choice for an enterprise recovery
Title:
Key factors in strategy choice for an enterprise recovery
Author:
Kontić Ljiljana
Appeared in:
Economic annals
Paging:
Volume 52 (2007) nr. 173 pages 105-132
Year:
2007
Contents:
The main purpose of our research is to construct and apply a framework for strategic choice, which is essential for successful recovery. Based on analysis of relevant literature and empirical studies of recovery, we proposed four different recovery strategies such as management changes, financial restructuring, internal or external strategies. We have identified and included the following seven factors in analytical framework: causes of crisis, the phase of crisis, available resources, organizational life cycle, competitive position, industrial level, and stakeholder influences in organizational survival, especially banks and other creditors. Furthermore, we examined the application of this framework to six case studies of enterprises in Serbia. .
Journal description