Possible enterprise strategies after the economic crisis

Abstract

The paper explores characteristics of the present economic crisis at enterprise level and its consequences for possible growth after the crisis. The study builds on international experiences concerning recovery from the crisis during previous economic downturns between 1980 and 2002.

Survey results in Hungary and Slovakia are presented with a special attention to how companies tried to react to the present economic recession. The study analyses possible consequences of strategies followed by Slovakian and Hungarian firms during the crisis period from the point of view of capabilities for utilising the options for growth when demand will start to increase.