The Latvian construction branch development’s problems as a result of the strategic management insufficiency

Abstract

The article provides the results of construction branch development issue in the Republic of Latvia for the economical recession period. The authors propose the analysis on the construction volumes and turnover within period from 1996 to 2010 in Latvia; analyze the insolvency in the frame of strategic planning problem as one of the main issues unsolved in the local market. The authors generate the issue of strategic management insufficiency within the general idea of local construction market’s impulsive character.