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Exploring the resilience development process by implementing the crisis strategic planning framework: A Swedish textile SME perspective
University of Borås, Swedish School of Textiles. (F:3 - Fashion Function Futures)
University of Borås, Swedish School of Textiles. (F:3 - Fashion Function Futures)
2013 (English)In: International Journal of Decision Sciences, Risk and Management, ISSN 1753-7169, E-ISSN 1753-7177, Vol. 5, no 1, 1-34 p.Article in journal (Refereed)
Sustainable development
The content falls within the scope of Sustainable Development
Abstract [en]

Global financial crises have affected the survivability of firms particularly the small and medium ones. Swedish textile-related SMEs were no exception as they showed a higher bankruptcy during the crises. In such a context, resilience development is vital. It is upheld by crisis management, business continuity management and strategic planning thus forming an integrated crisis strategic planning (CSP) framework. This paper highlights such a CSP framework along a six-step resilience development process by identifying environmental turbulences, developing leadership and capability analyses and multiple strategy development combining effective planning and adaptation. A Swedish SME is studied longitudinally to make a comparative analysis of the resilience development process in two crises. This involves practical use of CSP using simple strategic tools or techniques to improve responsiveness and preparedness in an integrated way. SME practitioners can identify the problems, their impacts, ensure competitive market positioning, and develop multiple strategies over a timeframe of development.

Place, publisher, year, edition, pages
Inderscience Publishers , 2013. Vol. 5, no 1, 1-34 p.
Keyword [en]
crisis strategic planning, small and medium-sized enterprises, strategies, growth, business continuity management, Sweden, resilience, Business, Resilience
National Category
Economics and Business
Research subject
Textiles and Fashion (General)
Identifiers
URN: urn:nbn:se:hb:diva-1613Local ID: 2320/12676OAI: oai:DiVA.org:hb-1613DiVA: diva2:869682
Note

Sponsorship:

F3 - Fashion, Function and Future

Available from: 2015-11-13 Created: 2015-11-13

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Citation style
  • apa
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Language
  • de-DE
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  • nn-NB
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Output format
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  • asciidoc
  • rtf