The effects of the 2008 global economic crisis on industrial companies in Turkey (original) (raw)

2012, AFRICAN JOURNAL OF BUSINESS MANAGEMENT

As the reoccurrence of crisis results in the repeated destructions and renewal problems in economic, political and social structures of life, making accurate decisions on time has become more difficult. These crises have relegated Turkey to the class of learning economies and have also taught her on how to manage these crises. In this study, lessons that can be learnt from these crises, effects of these crises on Turkey's business establishments and the opinions of the businessmen about the crises are analyzed. In the result of the study, experiences of postponement of order, financial damages to most businesses, the lack of will to have new partners, and the desire to get rid of the crises by themselves will be stated. Not all businesses are able to achieve the desire to transform crises into new opportunities and make new investments. The fact that most business establishments do not have plans to sustain crises during their outbreaks results in severe damages to this businesses.

Sign up for access to the world's latest research.

checkGet notified about relevant papers

checkSave papers to use in your research

checkJoin the discussion with peers

checkTrack your impact