IDEAS home Printed from https://ideas.repec.org/a/vrs/organi/v51y2018i4p223-237n5.html
   My bibliography  Save this article

Resolving Companies in Crisis: Agile Crisis Project Management

Author

Listed:
  • Čelesnik Goran

    (Domino, d.o.o., Titova 7, 4270Jesenice, Slovenia)

  • Radujković Mladen

    (International Project Management Assosiation, Central Secretariat P.O. Box 7905, 1008 AC Amsterdam, The Netherlands)

  • Vrečko Igor

    (University of Maribor, Faculty of Economics and Business, Razlagova ulica 14, 2000Maribor, Slovenia)

Abstract

Introduction and purpose: In practice, the existing models of tackling companies’ crises are still lacking effectiveness and efficiency. The agile crisis project management model (ACPM) is based on the crisis project management doctrines, which we upgraded with the principles and methodologies of agile project management. It was developed for the resolution of such crises.Methods: Relying on scientific knowledge and in accordance with the defined research problem, we decided to use the qualitative research methods while using a method of highly structured interviews for data collection. A comparative case studies method was used for the comparative comparison of effectiveness and efficiency among the sample companies, which were divided into groups A and B. Companies in group A used the non-project approach, the traditional project, and/or the hybrid non-project–traditional project approach (CM approach) in implementing the planned measures and activities in the restructuring process and/or renovation; companies in group B used the agile project and/or the hybrid agile project–traditional project approach (ACPM approach).Results: The studied companies facing crises used various implementation approaches for the planned measures and activities within the framework of the crisis solution. The companies using the ACPM approach (group B) completed their restructuring and/or renewal process more quickly and were more effective and efficient after the crisis than during the pre-crisis period. At the same time, their net sales growth was also higher than the growth of companies using the CM approach (group A).Conclusion: The article demonstrates the results of the research, which studied the effectiveness and efficiency of resolving the sample companies’ crises. In accordance with the research results, we conclude that supplementing the crisis project management with an agile project approach when resolving company crises positively affects the efficiency and effectiveness of companies after the crisis.

Suggested Citation

  • Čelesnik Goran & Radujković Mladen & Vrečko Igor, 2018. "Resolving Companies in Crisis: Agile Crisis Project Management," Organizacija, Sciendo, vol. 51(4), pages 223-237, December.
    • Handle: RePEc:vrs:organi:v:51:y:2018:i:4:p:223-237:n:5
    DOI: 10.2478/orga-2018-0023
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/orga-2018-0023
    Download Restriction: no
    File URL: https://libkey.io/10.2478/orga-2018-0023?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Zuzana Irsova & Tomas Havranek, 2011. "Bank Efficiency in Transitional Countries: Sensitivity to Stochastic Frontier Design," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 18(2), pages 230-270, December.
    2. Iwasaki, Ichiro & Suzuki, Taku, 2012. "The determinants of corruption in transition economies," Economics Letters, Elsevier, vol. 114(1), pages 54-60.
    3. Wade, Robert H., 2011. "Emerging world order? From multipolarity to multilateralism in the G20, the World Bank, and the IMF," LSE Research Online Documents on Economics 38603, London School of Economics and Political Science, LSE Library.
    4. De Massis, Alfredo & Kotlar, Josip, 2014. "The case study method in family business research: Guidelines for qualitative scholarship," Journal of Family Business Strategy, Elsevier, vol. 5(1), pages 15-29.
    5. Christoph Schmidt, 2016. "Agile Software Development," Progress in IS, in: Agile Software Development Teams, chapter 0, pages 7-35, Springer.
    6. Robert H. Wade, 2011. "Emerging World Order? From Multipolarity to Multilateralism in the G20, the World Bank, and the IMF," Politics & Society, , vol. 39(3), pages 347-378, September.
    7. Hermano, Víctor & Martín-Cruz, Natalia, 2016. "The role of top management involvement in firms performing projects: A dynamic capabilities approach," Journal of Business Research, Elsevier, vol. 69(9), pages 3447-3458.
    8. Mia Glamuzina & Marina Lovrincevic, 2013. "Corporate Crisis And Crisis Strategy Implementation," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 9(2), pages 89-100.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cheng, Gong, 2015. "The Global Financial Safety Net through the Prism of G20 Summits," MPRA Paper 68070, University Library of Munich, Germany, revised Nov 2015.
    2. Simon Hartmann & Thomas Lindner & Jakob Müllner & Jonas Puck, 2022. "Beyond the nation-state: Anchoring supranational institutions in international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(6), pages 1282-1306, August.
    3. Eric Tremolada Álvarez, 2018. "La Cooperación Internacional como alternativa a los unilateralismos. colección Ius Cogens n.° 6," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1037, March.
    4. Belesky, Paul, 2015. "Towards a New Political Economy of Food: State Capitalism and the Emergence of Neomercantilism in the Global Food System," Thesis Commons 8ckgz, Center for Open Science.
    5. Vestergaard Jakob & Wade Robert H., 2012. "The G20 has Served its Purpose and Should be Replaced," Journal of Globalization and Development, De Gruyter, vol. 2(2), pages 1-19, January.
    6. Charalampos Efstathopoulos, 2016. "Reformist Multipolarity and Global Trade Governance in an Era of Systemic Power Redistribution," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 8(1), pages 3-21, January.
    7. Vestergaard, Jakob & Wade, Robert H., 2013. "Protecting Power: How Western States Retain The Dominant Voice in The World Bank’s Governance," World Development, Elsevier, vol. 46(C), pages 153-164.
    8. Tana Johnson & Johannes Urpelainen, 2020. "The more things change, the more they stay the same: Developing countries’ unity at the nexus of trade and environmental policy," The Review of International Organizations, Springer, vol. 15(2), pages 445-473, April.
    9. Christensen, Rasmus Corlin & Hearson, Martin, 2021. "The Rise of China and Contestation in Global Tax Governance," SocArXiv pzvy3, Center for Open Science.
    10. Thomas Hale & David Held & Kevin Young, 2013. "Gridlock: From Self-reinforcing Interdependence to Second-order Cooperation Problems," Global Policy, London School of Economics and Political Science, vol. 4(3), pages 223-235, September.
    11. Giles Mohan, 2012. "China in Africa: Impacts and prospects for accountable development," Global Development Institute Working Paper Series esid-012-12, GDI, The University of Manchester.
    12. Belesky, Paul, 2016. "Rice, politics and power: the political economy of food insecurity in East Asia," Thesis Commons hn264, Center for Open Science.
    13. Hongying Wang & Erik French, 2014. "China in Global Economic Governance," Asian Economic Policy Review, Japan Center for Economic Research, vol. 9(2), pages 254-271, July.
    14. van der Rijt, Tess & Pang (Pangestu), Tikki, 2015. "Governance within the World Health Assembly: A 13-year analysis of WHO Member States’ contribution to global health governance," Health Policy, Elsevier, vol. 119(3), pages 395-404.
    15. Stephen, Matthew D., 2014. "Rising powers, global capitalism and liberal global governance: A historical materialist account of the BRICs challenge," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 20(4), pages 912-938.
    16. Peter Knaack & Saori N. Katada, 2013. "Fault Lines and Issue Linkages at the G20: New Challenges for Global Economic Governance," Global Policy, London School of Economics and Political Science, vol. 4(3), pages 236-246, September.
    17. Ilias Alami, 2019. "Post-Crisis Capital Controls in Developing and Emerging Countries: Regaining Policy Space? A Historical Materialist Engagement," Review of Radical Political Economics, Union for Radical Political Economics, vol. 51(4), pages 629-649, December.
    18. Stephan Keukeleire & Bas Hooijmaaijers, 2014. "The BRICS and Other Emerging Power Alliances and Multilateral Organizations in the Asia-Pacific and the Global South: Challenges for the European Union and Its View on Multilateralism," Journal of Common Market Studies, Wiley Blackwell, vol. 52(3), pages 582-599, May.
    19. Rory Horner & David Hulme, 2017. "Converging divergence? Unpacking the new geography of 21st century global development," Global Development Institute Working Paper Series 102017, GDI, The University of Manchester.
    20. Mahto, Raj V. & Llanos-Contreras, Orlando & Hebles, Melany, 2022. "Post-disaster recovery for family firms: The role of owner motivations, firm resources, and dynamic capabilities," Journal of Business Research, Elsevier, vol. 145(C), pages 117-129.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:organi:v:51:y:2018:i:4:p:223-237:n:5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.