The overall aim of this project is to investigate the Recession-related effects on small firms, their responses to tackle that (i.e. their strategies) and the resulting impact on the performance of the firm. More specifically, this study aims to answer the following research questions:
RQ1: How did recession affect the SMEs?
RQ2: What were the impacts suffered by SMEs as a result of Recession?
RQ3: How did the SMEs respond to the Recession conditions?
RQ4: What are the factors that drive the SMEs performance under Recession conditions?
These questions will help answer the most important aim of this project: providing the best options/schemes that any SME can follow in order to survive economic downturns.