CONCLUSION
In conclusion, taking the research outcomes into consideration, primarily, there might be summarized the list of the met research objectives. Overall, there has been:  outlined the theoretical gap of the effectuation theory with respect to the specialized competing industries under the high uncertainty period, especially with respect to the manufacturing sub-industries; analyzed the textile industry with the emphasis on the high-end segment; analyzed the impact of the COVID-19 pandemic crisis on the industry with regard to different regions within a sample; investigated which strategic approaches fabric-manufacturing firms utilized for hedging the negative impact of the pandemic as well as the current state of the firms; with regard to the effectual/causal logics of the effectuation theory, evaluated and systemized the data upon the utilized approaches of the firms; developed the propositions towards the specifics of the most efficient approaches of strategic response under the high uncertainty periods with respect to the firms of the studied niche; developed theoretical and managerial implications; outlined the possible limitations within a research; developed future research directions. With respect to the initially outlined research goal and objectives of the bachelor thesis, in order to conduct a comprehensive inductive empirical research, the data has been collected in several stages. The first stage implied the analysis of the theoretical materials in the form of scientific literature. This stage was mostly based on the secondary data and granted an opportunity to define the gap in the studies, to indicate and clarify the research perspectives, to determine the most appropriate sample of the firms applicable to the research and the type of analysis. The second stage of the data collection was designed in a form of case studies in order to grasp the qualitative data for further analysis. It consisted of the semi-structured interviews with the textile industry representatives, limited with the sample of top managers from the premium fabric manufacturing firms. The data was analyzed with the use of thematic analysis what helped to further produce findings in the form of several propositions to the firms within a niche for coping with a disruptive periods, such as:  the hybrid approach to decision-making (combination of effectuation and causation) increases the probability of manufacturing firm survival during economic crisis;  the higher the level of customer orientation in a firm from manufacturing industry, the greater the extent of effectual approach within firm’s hybrid strategy. the type of industry in which a firm is competing influences the strategic choice. On the basis, of the developed findings, the theoretical and managerial implications was produced as well.  Overall, the research findings with the theoretical and managerial implications might be interpreted as the valuable insight into specifics of strategic response of the high-end segment of the textile industry to the challenges posed by any crisis periods both from theoretical and practical perspectives. The research contributes to the areas of crisis-coping strategies as well as the effectuation theory. In addition to that, on the basis of the research findings and the highlighted future research directions, there might be performed more in-depth analyzes to broaden the obtained picture towards the application of the effectuation theory in more contextualized pictures. 
The bachelor thesis was devoted to the questions of the effectuation theory and the practical use of it in the textile industry. The research was analyzed through the various areas, including the impact of COVID-19 and the practical approaches of fabric-manufacturing firms. The findings were presented as the valuable insight into the practical and theoretical aspects of the effectuation theory. The bachelor thesis also discussed the possible limitations in the research and the future research directions.