J 2025

ENTREPRENEURIAL BEHAVIOUR AND STRATEGIC GOALS IN CRISIS SITUATIONS

DUHÁČEK ŠEBESTOVÁ, Jarmila; Petra KREJČÍ and Joanna MAŁECKA

Basic information

Original name

ENTREPRENEURIAL BEHAVIOUR AND STRATEGIC GOALS IN CRISIS SITUATIONS

Authors

Edition

Ekonomska misao i praksa, online first, 2025, 1330-1039

Other information

Language

English

Type of outcome

Article in a journal

Field of Study

50204 Business and management

Country of publisher

Croatia

Confidentiality degree

is not subject to a state or trade secret

References:

Impact factor

Impact factor: 0.400 in 2024

Organization unit

School of Business Administration in Karvina

Keywords in English

business behaviour; crisis; future goals; business experience

Tags

International impact, Reviewed

Abstract

In the original language

The present study investigates the impact of the Covid-19 pandemic on entrepreneurial behaviour and strategic objectives within the Czech Republic. It specifically examines how entrepreneurs responded to the crisis and identifies key factors that influenced their decision-making processes. While some entrepreneurs demonstrated adaptability by modifying their business practices, others depended primarily on public support mechanisms without implementing substantial changes. The findings underscore the critical importance of clearly defined objectives and robust crisis preparedness in ensuring business continuity. The analysis reveals that both the legal structure of the enterprise and the entrepreneur’s prior experience significantly affect the nature and effectiveness of crisis responses. Notably, businesses that adopted proactive strategies tended to achieve more favourable outcomes. Furthermore, the study highlights the necessity of having well-considered exit strategies and the capacity for adaptability when confronting unforeseen challenges. It offers valuable insights for managers across Central Europe, particularly in navigating crises and formulating strategic decisions that support long-term business sustainability. The research also suggests that entrepreneurial experience plays a pivotal role in the formulation of strategic objectives and that learning from the practices of successful firms can enhance the quality of decision-making.