Strategic and Crisis Management in Agricultural Enterprises in the Czech Republic

Abstract

Agricultural enterprises should constantly try to improve themselves. They need strategic management to manage their innovativeness in a focused manner, and to achieve growth and satisfy their strategic objectives in a way that minimizes the high‑inherent risks or crises. The paper deals with a sub‑research of the management of small and medium‑sized enterprises in the Czech Republic. It is focused on the use of strategies in SMEs (especially for agriculture) management and the assessment of the significance of crises. Data were gathered as questionnaires and interviews from 183 (thereof 34 agricultural) enterprises operating in the Czech Republic. The research was done in 2015. Only about 15 % of the agricultural enterprises have formulated a strategy for the future direction of their enterprise. The crises did occur in all organizations, in varying degrees and intensity. The significance of this crises was assessed by an average mark of 3.5 (where 5 was the highest). Subsequently they analysed relationships among 17 major crises and compared the relations in other sectors.

Keywords

• agricultural enterprises
• crisis
• Czech Republic
• hypothesis
• importance
• management