engleski

comparing the performance of two industries during the crisis

Industries create specific business settings that exert a backward influence on industry prospects. In this paper we examine and compare how two industries, the construction industry and the food and beverage processing industry, have behaved during a crisis period. First we compare performance indicators available from statistic sources, and then proceed to compare panel data of two subsamples of the largest Croatian firms in terms of capital and employment related to the construction and food processing in the period 2005-2014. We provide data that demonstrate that the 5 largest business firms in the two industries have a tendency to employ different business behaviors specific to the industry they are part of. The basic idea behind this research was that industry characteristics are created by individual business firms that adjust their behavior, i.e. strategies, organizational design and operation models to perceived industry settings. So, in the longer time period, depending on resource availability at firm level, and market opportunities at the industry, a dominant pattern of business model will evolve. The research showed differences in the rate of activity and in business demography during the observed period. There is also evidence of different business models being employed in construction and food processing. However, at this stage of our research, we were not able to establish a relationship between business model employed and firm or industry performance.

industry behavior ; performance ; financial crisis 2008 ; business models ; ownership control vs. contractual networks

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