The present work is based on a hypothesis that the Czech economy was showing signs of economic deceleration and a potential slump into deeper growth problems way before the outbreak of the COVID-19 ...pandemic, i.e., at least in the year 2019. However, the present text does not intend to thoroughly confirm this hypothesis because in order to do so, a longer timeline of key economic indicators needs to be analysed. What it does present is at least a partial argumentation supporting the abovementioned hypothesis and some basic calculations. It proposes two ways towards its confirmation. The first one is a comparative analysis of individual - especially European - economies' response to subsiding external influences, i.e., to the weakening of the effects of the pandemic on the economy. The second way is at least a partial analysis of key macroeconomic indicators from the time before and during the pandemic, with an emphasis on detectable divergences in the development. The conclusion of our research is the finding that as early as in 2019, the Czech economy was showing signs of imminent deceleration of growth, which would probably have turned into stagnation and possibly a certain decrease in economic activity. The conclusions indicate that the reason behind such development was a massive but in fact little effective investment activity in the Czech economic environment, which is historically related to the structure of the economy and to the position of the Czech industrial sector in supplier relationships. Two related phenomena arise from that: firstly, a relatively low labour productivity, with producers domiciled in the Czech Republic reaching quite a low volume of value added, and secondly a massive capital outflow in the form of profits paid to parent companies abroad. The final part of the paper outlines some potentially effective steps which might lead - under favourable circumstances - to restructuring processes in the Czech economy. Due to the date of finishing the research, the paper does not include the consequences of the War in Ukraine.
Práce analyzuje některé aspekty období, které nazýváme většinou krizí let 2008 až 2010 z pohledu podnikové ekonomiky a dopadů celkové ekonomické deprese na české firmy. Na konkrétním případu ...relativně malé společnosti z oblasti strojírenství pak zkoumá některá jednotlivá manažerská rozhodnutí, která vedla k tomu, že právě tato společnost vyšla z krize s daleko větší dynamikou produkce, než s jakou do ní vcházela. Srovnáním s makroekonomickými daty známými k únoru roku 2011 pak práce shrnuje některá strategická rozhodnutí podniků, která v době krize mohla zásadním způsobem napomoci restrukturalizaci firem. V závěrečné části práce jsou pak navrženy některé konkrétní směry aplikovaného výzkumu pro rok 2011 a roky následující, které by mohly přinést hlubší znalost mechanismů rozhodovacích procesů v českém prostředí vedoucích pracovníků výrobních podniků.
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The paper analyzes some aspects of the period of crises between 2008 to 2010 from a business administration perspective, and the consequences of the general economic depression on Czech companies. ...Using a small machinery company as a case study, the paper examines a number of specific management decisions which enabled the company to come out of the crises with dynamics in production, much bigger than prior to the downturn. Comparing available macroeconomic data as at February 2011, the paper sums up some strategic decisions of companies which could have substantially helped to restructure these companies during the crisis period. The final part of the paper suggest some specific directions for applied research in 2011 and the upcoming years, which could result in a deeper knowledge of decision-making processes by production companies' Chief Executives in the Czech Republic.
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Příspěvek se snaží uchopit současnou situaci v českých průmyslových podnicích. Na statistických datech přibližuje vývoj v posledním čtvrtletí roku 2008 a většiny roku 2009. Těžiště příspěvku ...představuje shrnutí a hodnocení reakcí průmyslové sféry na nastalý vývoj. Z analýzy chování firem je pak podle autorky patrné, že se ze strany podniků jedná o promyšlená, dobře mířená řešení především z oblasti snižování nákladů a to primárně v oblasti počtu zaměstnanců, která se navzdory situaci snaží o udržení životaschopnosti podniků, ale i k zachování jejich akceschopnosti pro další období. The contribution tries to grasp the current situation of Czech industrial companies. With the help of statistical data it describes the development in the last quarter 2008 and most of 2009. The focus of this contribution is a summary and evaluation of responses from industrial sphere on the occured development. From the analysis of the company behaviour is according to the author obvious that the companies solutions are coherent and well aimed. These solutions focus mainly on reducing costs, primarily on the numbers of employees, which despite the situation try to maintain the stability of companies, but also to maintain fighting power for the next period.
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The contribution tries to grasp the current situation of Czech industrial companies. With the help of statistical data it describes the development in the last quarter 2008 and most of 2009. The ...focus of this contribution is a summary and evaluation of responses from industrial sphere on the occurred development. From the analysis of the company behaviour is according to the author obvious that the companies solutions are coherent and well aimed. These solutions focus mainly on reducing costs, primarily on the numbers of employees, which despite the situation try to maintain the stability of companies, but also to maintain fighting power for the next period.
Full text
Available for:
CEKLJ, NUK, ODKLJ, UL, UM, UPUK
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