The Impact of the Pandemic on the Crisis Management Practices of Hungarian SMEs

In the aftermath of the coronavirus epidemic, there is hardly an economic operator that has not suffered a very severe economic crisis. In this period, the question of how to manage a crisis effectively and appropriately has become a focus of attention. Although the nature of global economic crises was already a major lesson after 2008, some actors were still not adequately prepared to weather another crisis. Today we are in a particularly difficult situation. Not only the COVID-19 epidemic, but also the Russian-Ukrainian conflict are complicating economic conditions. In this study, we sought to answer the question of how small businesses have tried to respond to the economic challenges they face. Our survey asked businesses in the SME sector about, among other things, how they had dealt with the crisis. This paper presents the results.