Prevailing During the Periods of Economical Crisis and Recession through Business Model Innovation

Ucakturk A., Bekmezci M., Ucakturk T.

7th International Strategic Management Conference, Paris, France, 30 June - 02 July 2011, vol.24 identifier identifier

  • Publication Type: Conference Paper / Full Text
  • Volume: 24
  • Doi Number: 10.1016/j.sbspro.2011.09.095
  • City: Paris
  • Country: France
  • Kocaeli University Affiliated: Yes


There is a consensus among economists on the measures to be taken in economical means during an economic recession and crisis. In this context, these measures include establishing and managing capital structure in a way to cover costs of long term losses and expensive loan payments, avoiding borrowing to finance the losses, being cautious on the use of long-term bank loans only for long-term loan needs, managing stock's levels efficiently and, if possible, reducing inventories, making savings, changing business model since the current economic conditions may well be very different from the pre-crisis environment, even if the economic crisis is over.