Transformations in
Business & Economics
- © Vilnius University, 2002-2005
- © Brno University of Technology, 2002-2005
- © University of Latvia, 2002-2005
Article
Choice of Business Consulting Services in Various Phases of Economic Transition of the Baltic States
Sigitas Urbonavičius, Vytautas Dikčius
ABSTRACT. The article analyses how managers of companies choose various types of business consulting services responding to the external conditions, summarised as a phase of the economy development. The analysis is based on the research of the three transition economies (Lithuania, Latvia and Estonia) and covers a 9-year period. Based on analysis of macroeconomic data and 1560 interviews with managers, authors define certain phases of economy development in the analysed countries. Further analysis allows discovering a relationship between the status of economy and choices of business consulting services. There are certain types of business consulting that more typical for the period of initial economic growth, recession and recovery and growth after the recession. Developed set of propositions summarises the most important observations and outlines directions for future research.
KEYWORDS: business consulting services, transition economies, Baltic States.
JEL classification: L8, P2.