| Based on statistical analyses of the financial data, the study showed that organisational instability characterised the period under examination. On average, change of ownership or of management, or even mergers or de-mergers occurred every 3.7 years. The “stable” periods are too short for implementing corporate activities based on an elaborated strategy, granting success both in the medium and long term. We have established the strategic models by which the enterprises could be ranked following the change of ownership or management. From among the four types, the asset depleting and the surviving strategies are definitely disadvantageous, but they accounted for more than 56% of the cases. The frequency of occurrence of the negative strategic models... |
