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.
Highlights
Theory and practice are currently based on years of proven and widely used system framework that divides the structure of management into several basic functions
We have presented research results on the impact of the economic crisis on the function of organization in company
We have discovered significant dependence between the crisis and the post-crisis period in using lean management
Summary
Theory and practice are currently based on years of proven and widely used system framework that divides the structure of management into several basic functions. In the theory of modern management, the division into functions are following – planning, organization, decision making, personnel management, leadership and control. This basic or detailed breakdown is very useful because it offers a solid structure in which new insights can be incorporated. The economic crisis has brought a large number of businesses into difficult situations which have resulted in their fundamental or existing changes in their current functioning. It is necessary to focus on the future, to better estimate the situation, not to stay in the "wait-and-see strategy", to predict ahead of schedule, to make more effective and more targeted decisions, to provide motivating incentives to employees, to more persistently influence the attitudes of the subordinates, to change the way of managing the company in the long- new management methods that require multiple forms of knowledge acquisition, educational activities, and so on
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