“Relaaax, I remember the recession in the early 1980s …”: Organizational storytelling as a crisis management tool

2011 ◽  
Vol 22 (3) ◽  
pp. 373-385 ◽  
Author(s):  
David M. Kopp ◽  
Irena Nikolovska ◽  
Katie P. Desiderio ◽  
Jeffrey T. Guterman
2021 ◽  
Vol 9 (11) ◽  
pp. 331-334
Author(s):  
I. Yu. Chekanova ◽  
A. N. Ryakhovskaya

The global economic crisis caused by the COVID-19 pandemic has forced us to look at development issues in a new way. As a result, many decision-makers have realized the importance of rebuilding economies with a sustainable development approach that involves investing not in fossil fuels but in renewable energies, reforestation, sustainable food systems, and cyclical, local and low-carbon economies. In this connection, the article considers food sharing as one of the possible mechanisms contributing to the achievement of sustainable development goals and at the same time being an anti-crisis management tool. At the same time, this article gives directly the goals in the field of sustainable development, the state of affairs in the field of achieving the set goals in modern realities, the measures taken at the international level and in Russia, the essence of food sharing is also revealed, examples of foreign practices are given, problems that impede development are identified of food sharing in Russia, possible options for their solutions are proposed and promising results after its implementation are reflected, as well as a table with the effect of food sharing on specific goals of sustainable development has been compiled by the generalization method. This article can be useful to people interested in the rational use of food, businesses in order to restructure business processes to meet the requirements of the modern economy and government officials for timely and effective adoption of measures in the field of sustainable development.


Author(s):  
Kokkoris Ioannis ◽  
Olivares-Caminal Rodrigo

This chapter addresses the initiatives of the European Commission to maintain the financial stability of the banking sector. It analyses the regulatory reforms on bank recovery and resolution introduced by the EU aimed at creating a Banking Union, and provides an overview of the Bank Recovery and Resolution Directive (BRRD) by taking into account the crisis management tool innovations. It also offers a critical appraisal of the Single Resolution Mechanism (SRM). The initiatives examined here are envisaged in a two-pronged approach: through the uniform rules of the Banking Union and in a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism (SRM) and a Single Resolution Fund (SRF) on one hand, and its interrelation with the state aid rules of the Treaty for the Functioning of the European Union (TFEU) on the other.


Servis plus ◽  
10.12737/2797 ◽  
2014 ◽  
Vol 8 (1) ◽  
pp. 51-65 ◽  
Author(s):  
Сергей Илькевич ◽  
Sergey Ilkevich ◽  
Вера Шлапак ◽  
Vera Shlapak

Despite the fact that crisis management both in terms of the nature of knowledge required and approaches used is largely a synthesis of various disciplines, interdisciplinary aspects and the relationships do not receive sufficient attention. International literature of recent years allows a somewhat broader look at a number of both theoretical and practical aspects of crisis management in a wider context of topics and disciplines. A thorough multi-disciplinary approach to crisis management could be an important part of both the domestic research and training, and practice in the field of crisis management. This article reviews some of the most important interdisciplinary connections of crisis management with risk management, corporate governance, macroeconomic shocks, the concepts of stakeholders and corporate social responsibility, information technology, new institutional economic theory, and a number of concepts from sociology and psychology. The list of categories, models, individual concepts and theories of different subject areas which are closely interrelated with crisis management, according to international researchers, is quite long. In connection with the problems of crisis management this paper considers integrated risk management, holistic risk management, COSO-approach, moral hazard, the abuse of information asymmetry, opportunism, adverse selection, bounded rationality, the propagation model of bankruptcies depending on macroeconomic factors, the models of the influence of international integration and globalization on the dynamics of bankruptcies, epidemic models in crisis management, the sociological concept of disaster management, stakeholder theory of crisis management, the concept of reputation damage of crises, high-frequency trading in financial instruments, and the concepts of organizational learning and organizational storytelling. These and other interdisciplinary concepts serve as a book of recipes that can be applied with varying degrees of relevance to various crises in a company. It is plausible to assume that, other things being equal, crisis management, using an interdisciplinary arsenal, will be more effective and adaptive than the more limited approach based solely on the core of crisis management: economic analysis, legal regulation, management and marketing basics.


2016 ◽  
pp. 7
Author(s):  
V. A. Viborniy ◽  
A. S. Shevchuk ◽  
A. N. Ryakhovskaya

2020 ◽  
pp. 1-20
Author(s):  
Delia FERRI

This article discusses the role of European Union (EU) State aid law in the COVID-19 crisis. It contends that different Treaty derogations have played unique roles in addressing the core determinants of the economic risk linked to the pandemic (ie the “exposure” to lockdown measures and the “vulnerability” of certain sectors to them), and in increasing the resilience of national economies. Moreover, this article examines the extent to which EU State aid law has been used to manage and mitigate health risks, by allowing Member States to enhance the preparedness and capacity of their healthcare sector (broadly conceived) to respond to the pandemic. On the whole, this article maintains that State aid control has been used by the European Commission as an important “risk management tool”, and it highlights the role of the Commission as the crisis management authority.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Carolina Aldao ◽  
Dani Blasco ◽  
Manel Poch Espallargas ◽  
Saida Palou Rubio

Purpose This paper aims to analyse the most significant disruptive events affecting tourism during the twenty-first century, particularly the 2020 COVID-19 pandemic. Design/methodology/approach Based on a thorough literature review, this study takes a complexity science approach to the field of tourism to shed light on the challenges of disruptive events in tourism systems. Findings Focusing on the COVID-19 pandemic, in particular, this study acknowledges that disruptive events are complex and have tremendous impacts on several areas of society: people’s psychological well-being and the health-care system, as well as social, economic, cultural, technological, environmental and political dimensions. Whether they occur alone or interact, these dimensions add varying levels of complexity to the tourism system. In response, the tourism industry can adopt a resilience model as a crisis management tool to address disruptive events affecting this field. Research limitations/implications As this paper is mainly theoretical, future empirical research will contribute to refining the findings and testing the usefulness of the proposed model. Practical implications The paper looks at examples of successful and unsuccessful of COVID-19 outbreak management in various countries to analyse issues such as crisis management, resilience and tools for coping with the impacts of disruptive events. Originality/value This theoretical paper proposes a first taxonomy of the multidimensional impacts of twenty-first-century disruptive events on tourism and dissects the phases of crisis management, with a corresponding conceptual model.


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