| Abstract [eng] |
The current economic crisis that started in the USA with the decline of the real estate prices and spread around the world affects the economy of the whole world. There is a need to understand how economic difficulties affect the markets, business structures, which factors are important for the decisions of companies as the unit. Considering the global economic conditions and tendencies, the changing business environment affects the companies of construction sector as well. Today, both in the world and in Lithuania, they experience more or less cyclic fluctuations. The trend of construction sector companies’ bankruptcy showed up. The main goal of the bigger part of construction companies is the company‘s survival. The economic environment is changing very dynamically and this determines the competitiveness of construction companies. The object – The competitiveness of construction companies of Lithuania. The aim – To identify the influence of the economic crisis on the competitiveness of construction companies operating in Lithuania. In order to achieve the main aim of the paper, the following objectives are formulated: • To disclose the influence of economic cycles and crisis on economy sectors and competitiveness of the companies; • To examine the tendencies of construction sector development in changing economic environment and in the economic downturn; • To carry out the empirical research in Lithuanian construction sector companies and present the conclusions on their competitiveness; Having analysed the aspects of the competitiveness of companies the target method were prepared for competitiveness study. The research of the competitiveness of Lithuanian construction companies revealed that not all the companies equally value the importance of competitiveness changes in the company‘s activity. The outcome is that different approach gives different indicators of competitiveness. The opinions of the heads of the companies about overall economic policy and state tax system revealed during the study lead to the conclusion that internal resources are not enough to create the basics of competitiveness. It is necessary to take into account the external environment, which is closely and tightly linked to the company performance indicators. The paper has 77 pages, there are 4 tables and 20 pictures presented in the paper. |
