Decision-making of firms in condition of economic crisis

Bc. Thomas Klika

Bachelor's thesis

Anotácia:

From 2007 the world has been facing the greatest crisis since the great depression. Companies failed, jobs were lost and governments have had to interview. In current times the economic situation has stabilized and improved. We set out to examine Drucker’s approach to decision making in a time of crisis based on key criteria laid out by Drucker in his teachings. Further we will be comparing Drucker’s approach to how Honeywell International has made key decisions during the economic crisis and analyze the similarities and differences between Peter Drucker’s guidelines and how Honeywell has made management decisions with particular focus to how the company reacted in a time of crisis.

Abstract:

From 2007 the world has been facing the greatest crisis since the great depression. Companies failed, jobs were lost and governments have had to interview. In current times the economic situation has stabilized and improved. We set out to examine Drucker’s approach to decision making in a time of crisis based on key criteria laid out by Drucker in his teachings. Further we will be comparing Drucker’s approach to how Honeywell International has made key decisions during the economic crisis and analyze the similarities and differences between Peter Drucker’s guidelines and how Honeywell has made management decisions with particular focus to how the company reacted in a time of crisis.

Keywords

Financial crisis, modern management, successful organization, leadership, entrepreneurship, change in perception, innovation, continuous improvement, strategic planning, talent management, Six Sigma, lean environment.

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 15. 4. 2016

Obhajoba závěrečné práce

• Obhajoba proběhla 2. 6. 2016
• Vedúci: Mgr. Ing. Petr Wawrosz, Ph.D.
• Oponent: Ing. Petr Mach, Ph.D.

University of Finance and Administration

Bachelor programme / odbor:
Economics and Management / Business Management and Corporate Finance