Crisis and turnaround management in SMEs: a qualitative-empirical investigation of 30 companies
by Sascha Kraus; Petra Moog; Susanne Schlepphorst; Margit Raich
International Journal of Entrepreneurial Venturing (IJEV), Vol. 5, No. 4, 2013

Abstract: During their life cycles, many companies are confronted with crisis. The aim of this paper is to empirically test theoretical approaches in the case of 30 small and medium sized enterprises (SMEs) from Germany. The presented explorative study contributes gaining a deeper insight how these companies deal with crisis. The interviews were analysed by the qualitative method GABEK that transforms abstract individual unstructured and unorganised texts onto a collective level. Among others, the results show that the personal contact to stakeholders is an added value of SMEs because of their size in order to manage and overcome crisis. Finally, it is shown that crisis can be best overcome by focusing on the core business and growth, in addition to job cuts and reduction of working time.

Online publication date: Thu, 30-Jan-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Entrepreneurial Venturing (IJEV):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com