Company’s Reactions to the Challenges of the Global Economic Crisis Cover Image

Company’s Reactions to the Challenges of the Global Economic Crisis
Company’s Reactions to the Challenges of the Global Economic Crisis

Author(s): Doina I. Popescu
Subject(s): Supranational / Global Economy, Business Economy / Management, Micro-Economics, Economic development, Marketing / Advertising, Socio-Economic Research
Published by: EDITURA ASE
Keywords: corporate communication; viral marketing; enthusing the consumer; global economic crisis; main trends; fast fashion; fair trade; ethical fashion;

Summary/Abstract: The article presents the importance of increasing the marketing communication role in international economic crisis context. Thus, firms must use ”corporate communication”, viral marketing. The paper stresses the importance of developing corporate communication which consist in integrating sensitivity and a communication policy to the highest level of business management, the new concepts are: identity, culture, project of firm. The importance of using viral marketing in crisis context is highlighted by the positive impact on sales and reduced costs. Also, the paper presents trends imposed by the global economic crisis in the field of production and sales of clothing, respectively the company`s reactions to the challenges of the global economic crisis.

  • Issue Year: 10/2009
  • Issue No: S1
  • Page Range: 504-508
  • Page Count: 5
  • Language: English