Crisis management in the Turkish leather industry

Abstract

The economic developments and modifications in the world cause to imbalances from time to time and these imbalances lead to crises. Businesses are seriously influenced from the birth of sometimes territorial and sometimes regional crises, and need crisis management. Sometimes, crises may also arise from managerial structures in the company. Regardless of the reason, those who can correctly manage the crisis, can also turn the risks of crisis into advantages and even grow after the crisis. Moreover, sometimes certain companies open to foreign countries by means of the crisis and take steps towards globalization. Leather industry is highly important for the economy of Turkey as it includes vast exports of finished goods with high value added. Turkish leather industry is considered as one of the locomotive industries of the Turkish economy in terms of its export potential. It has been the subject of our research as it is among the industries which have been most affected from the recent crises, due to its importance for the Turkish economy and its current conditions. In this context, the tendencies of the Turkish leather industry regarding crisis management have been examined with a questionnaire study in order to identify their thoughts about the crisis.