Comparing the performance of two industries during the crisis
| Autor: | Danijela Sokolić, Nenad Vretenar, Marija Kastelan-Mrak |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: |
financial crisis 2008
Organizational architecture 050402 sociology industry behavior lcsh:Business Business model Resource (project management) 0504 sociology Line of business 0502 economics and business business models 050207 economics Marketing lcsh:HB71-74 business.industry 05 social sciences lcsh:Economics as a science General Business Management and Accounting ownership control versus contractual networks New business development 8. Economic growth Food processing performance ownership control vs. contractual networks Performance indicator lcsh:HF5001-6182 business General Economics Econometrics and Finance Panel data |
| Zdroj: | Economic Horizons, Vol 18, Iss 3, Pp 255-269 (2016) |
| ISSN: | 2005-2014 |
| DOI: | 10.5937/ekonhor1603261k |
| Popis: | Industries create specific business settings that exert a backward influence on industry prospects. In this paper, the manner in which two industries - the construction industry and the food and beverage processing industry - have behaved during a crisis period is examined and compared. First, the performance indicators available from statistic sources are compared; then, the panel data of the two subsamples of the largest Croatian firms in terms of capital and employment related to construction and food processing in the period 2005-2014 are subjected to comparison. The provided data demonstrate that the five largest business firms in the two industries have a tendency to employ different business behaviors specific to the industry they are part of. The basic idea behind this research was that industry characteristics are created by individual business firms through their adjusting their behavior, i.e. strategies, organizational design and operation models to perceived industry settings. So, in the longer time period, depending on resource availability at the firm level and the market opportunities in the industry, a dominant pattern of the business model will evolve. The research showed differences in the rate of the activity and business demography during the observed period. There is also evidence of different business models being employed in construction and food processing. However, at this stage of our research, we have not been able to establish a relationship between the business model employed and the firm´s or industry performance. |
| Databáze: | OpenAIRE |
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