scholarly journals From crisis management to long-term strategy

1975 ◽  
Vol 10 (4) ◽  
pp. 113-117
Author(s):  
Hans-Eckart Scharrer
Keyword(s):  
Crisis Management

scholarly journals French Firms and COVID-19: Do the Debt Status, Crisis Management System, and Monetary Policy Play a Role?

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Mina Sami
Keyword(s):  
Monetary Policy ◽  
Stock Returns ◽  
Crisis Management ◽  
Management System ◽  
Daily Growth ◽  
Listed Firms ◽  
Study Results ◽  
Major Outbreak

Abstract This study has two main objectives: first, it assesses the effect of outbreak pandemic diseases on the French firms’ stock returns by considering the sector of activity as the main center of analysis. Second, it investigates the role of the crisis management system, firm debt strategy, and monetary policy in dealing with the adverse shocks of the major outbreak of the COVID-19. The study results can be summarized as follows: (1) the daily growth in COVID-19 cases and deaths are associated with lower stock returns of the listed firms, especially for the firms operating in the energy, industrial and health care sectors. In contrast, telecommunication and consumer sectors are not significantly affected. (2) The pandemic’s adverse effect is much more tolerant with the French firms with an efficient crisis management system and low long-term debt commitments than the firms that do not have such a system and engaged with long term debts. (3) Euribor rates and monetary policy are still playing an essential role during the pandemic period.

An end to promises? 1964–1979

2021 ◽  
pp. 119-154
Author(s):  
David Thackeray ◽  
Richard Toye
Keyword(s):  
Crisis Management ◽  
Public Spending ◽  
Conservative Party ◽  
Party Leader ◽  
New Right ◽  
Liberal Party ◽  
State Expansion ◽  
Margaret Thatcher ◽  
Poor Outcomes

While the 1964 election marked a high point in confidence in state-led modernization, by the 1970s there was a widespread loss of faith in the ability of governments to deliver on their promises. Long-term planning was replaced by short-term crisis management. The Scottish and Welsh nationalists and the Liberal Party created the authority of the Westminster duopoly, reinvigorating the local campaign with their ‘pavement politics’. However, the New Right was the main beneficiary of this crisis. As Conservative Party leader from 1975, Margaret Thatcher believed that politics had been debased by parties competing for power by making promises of state expansion and greater public spending which were unrealistic and led to poor outcomes. Thatcher based the Conservatives’ 1979 manifesto around a small number of pledges, reviving the anti-promise rhetoric which had been key to Baldwin’s appeal in the 1920s and 1930s.

Reengineering As a Tool of Crisis Management

2015 ◽  
Vol 4 (3) ◽  
pp. 21-25
Author(s):  
Калиматова ◽  
L. Kalimatova
Keyword(s):  
Product Quality ◽  
Crisis Management ◽  
Stable Operation ◽  
Quality Service ◽  
Service Levels ◽  
Crisis Situations

This article discusses reengineering as a tool of crisis management. Reengineering is analyzed as a fundamental rethinking and radical redesign of business processes to achieve the key breakthrough in the current performance of the company, such as costs, product quality, service levels, etc. This approach creates the preconditions for long-term stable operation of enterprises, greatly reduces the appearance and development of crisis situations.

scholarly journals A study of the causes leading to the liquidation of agricultural enterprises

2009 ◽  
Vol 3 (5-6) ◽  
pp. 123-127
Author(s):  
Annamária Kotormán
Keyword(s):  
Crisis Management ◽  
Agricultural Production ◽  
Equity Capital ◽  
Economic Knowledge ◽  
Share Capital ◽  
Agricultural Enterprises ◽  
Prevention And Treatment ◽  
Harmful Effects ◽  
Term Maintenance

The viability of agricultural enterprises is of paramount importance. Their liquidation has harmful effects on broad strata of society. The aim of my research is therefore to analyze the leading causes of liquidation of agricultural enterprises. The research was led on 17 agricultural enterprises. This may help in the prevention and treatment of their insolvency. The research results show that a long-term agricultural production is not sustainable with a low equity capital. For the long-term maintenance it is necessary that the investors establish the enterprise with a capital according to the type of the production.The loan can not replacethe entrepreneursown resources,it is only complementaryto it.Theownersof agriculturalbusinessesshould strive to ensurethatthe paid-up share capital is kept in the firm, because in case of payment difficulties, this can be an adequate financial provision. Companies with financial problems can avoid liquidation if the crisis is detected in time by the leaders. However, the owners must organize the management of the enterprise so that it should have the necessary technical and economic knowledge. With an appropriate management, and use of means of crisis management, the liquidation of the enterprise can be prevented.

scholarly journals Readiness of the Polish Crisis Management System to Respond to Long-Term, Large-Scale Power Shortages and Failures (Blackouts)

Energies ◽  
2021 ◽  
Vol 14 (24) ◽  
pp. 8286
Author(s):  
Dariusz Majchrzak ◽  
Krzysztof Michalski ◽  
Jacek Reginia-Zacharski
Keyword(s):  
Power Systems ◽  
National Security ◽  
Crisis Management ◽  
Management System ◽  
Large Scale ◽  
Security System ◽  
Systematic Research ◽  
Local Conditions ◽  
Polish Crisis

Large-scale failures of electric power systems (blackouts) have been the subject of intensive research in most countries for several years. This research aims primarily at seeking solutions to improve the reliability of the operation of power systems and the development of effective strategies to protect critical infrastructure from the effects of energy shortages and power cuts. In contrast, systematic research on crisis management and civil protection under conditions of prolonged blackout has been undertaken in Europe only recently, and these extremely important aspects of energy security have been delayed by the COVID-19 crisis. The ability of the Polish crisis management system to cope with the consequences of long-term, large-scale shortages and interruptions in the supply of electricity, as well as the consequences of possible failures in this field, has not been systematically examined to date. This issue is of growing strategic importance, not only from the point of view of security and defence policy, but also economic cooperation in Central and Eastern Europe. Poland’s infrastructural security must be considered in a broad regional and supra-regional context. A long-term lack of electricity in a large area of Poland would undermine the stability of the entire national security system, destabilising the region and supranational security systems. Apart from objective reasons, intentional attacks on the links of such a chain cannot be ruled out. Poland is the leader of this region, a frontline country in the NATO-Russia conflict, as well as a liaison state that provides the Baltic states—being EU and NATO members—with a land connection to Western Europe. In view of the growing risk of blackout, the importance of the problem and the existence of a cognitive gap in this field, we evaluated the Polish crisis management system in terms of its ability to respond to the effects of a sudden, long-term, large-scale blackout. Methodologically, we adopted a systems approach to security management. In order to estimate the consequences of a blackout, we used analogue forecasting tools and scenario analysis. By analysing previous crisis situations caused by blackouts and local conditions of vulnerability to such events, we formulated basic preparedness requirements that a modern crisis management system should meet in the face of the growing risk of blackouts. A review of strategic documents and crisis planning processes in public administration allowed us to identify deficits and weaknesses in the Polish crisis management system. On this basis we formulated recommendations whose implementation shall improve the ability of the national security system to face such challenges in the future.

scholarly journals RISK OF HEALTH TOURISM AND REHABILITATION SEGMENT IN SERBIA DURING THE COVID-19 PANDEMIC

2021 ◽  
Vol 9 (1) ◽  
pp. 1-11
Author(s):  
Ana Anufrijev ◽  
Goran Dašić
Keyword(s):  
Crisis Management ◽  
Social Relations ◽  
Health Sector ◽  
Physical Distance ◽  
Insurance Fund ◽  
Global Changes ◽  
Security Measures ◽  
Health Tourism ◽  
The Social

The Covid-19 pandemic has caused global changes that have affected the health sector, the economic sector, the social sector, as well as the sectors of interpersonal and social relations. Although health systems have become at the forefront of defense against the virus, other health sectors that focus on chronic diseases, new diseases, monitoring, rehabilitation, and various other forms of treatment have been put on the agenda. Unfortunately, the same fate befell the health tourism and rehabilitation sector. The problem can also be defined in the fact that the rehabilitation of insured persons who are entitled to it through the National Health Insurance Fund is carried out to a much lesser extent. The spa centers of Serbia were in the red zone of the covid system on two occasions during 2020-2021, which affected the complete absence of rehabilitation. After returning to the basic system of work, due to security measures that primarily have a physical distance, the capacities are significantly reduced. New expectations in tourism will require new standards, and the same will apply to health tourism and rehabilitation as its important sector. Although tourism has often fallen into crisis in recent decades and required the action of crisis management, it was still short-lived about the state of the Covid-19 pandemic. The Covid-19 pandemic will require long-term crisis management. What is the path to recovery, and will we go back to the old way?

How Is the Crisis Affecting the Competitiveness of Countries?

2014 ◽  
pp. 149-183
Author(s):  
Anna Matysek-Jędrych
Keyword(s):  
Fiscal Policy ◽  
Crisis Management ◽  
Economic Crisis ◽  
International Competitiveness ◽  
Management Policy ◽  
Economic Downturn ◽  
Baltic Countries ◽  
And Performance ◽  
The Baltic

The chapter focuses on the relation between the economic crisis and competitiveness on a national and regional dimension. The Baltic countries (Estonia, Latvia, and Lithuania) have experienced one of the biggest GDP contractions during the Global Crisis so far. Hence, identifying and assessing changes in the relative competitiveness as a consequence of the economic downturn has sparked many interests. The international competitiveness and economic crisis intermingle with one another. The international cases selected for the purpose of this research (Estonia, Latvia, and Lithuania) were to demonstrate clear and unquestionable evidence that crisis affects the international competitiveness of countries. One may believe that such a deep and painful financial and economic crisis as the current one—in the case of the Baltics—has to leave some permanent and explicit traces on a country's competitiveness. Thus, the results of this research may surprise a little. It may be generally concluded that a short-term crisis, even if severe, does not have a negative long-term influence on the international competitiveness as long as a proper anti-crisis policy is implemented. Sharing a number of structural, institutional, and performance features caused the crisis to undermine the competitiveness of the Baltic States in a similar manner (through macroeconomic stability channel). This in turn caused the applying of an analogue crisis management policy with the fundamental tool of fiscal policy tightening by an increased downward flexibility of wages and prices.

Special Issue on Crisis Management and Recovery Following Tokyo Metropolitan Near Field Earthquake Disaster

2012 ◽  
Vol 7 (2) ◽  
pp. 125-126 ◽  
Author(s):  
Haruo Hayashi ◽  
Keiko Tamura ◽  
Munenari Inoguchi
Keyword(s):  
Crisis Management ◽  
Emergency Response ◽  
Metropolitan Area ◽  
Tokyo Bay ◽  
Economic Losses ◽  
Earthquake Disaster ◽  
Tokyo Metropolitan ◽  
Tokyo Metropolitan Area ◽  
Special Project

It is expected that Tokyo Metropolitan area and her vicinity may be jolted by a devastating earthquake with a 70% chance for the next 30 years. The worstcase scenario for Tokyo Metropolitan earthquake is a M7.3 earthquake beneath northern Tokyo Bay. According to the Central Disaster Prevention Council, A total of 12,000 people will be dead and economic losses will exceed 112 trillion yen. Areas with a seismic intensity of JMA 6 – and more will include Tokyo, Chiba, Saitama, and Kanagawa, resulting in 25 million victims – 20% of Japan’s total population. No country has not experienced such a large-scale earthquake in recorded history, but it does not mean such a disaster will not occur. In order to cope with such an unprecedented disaster, we must face and solve a lot of new problems in addition to all of existing problems appeared in the past disasters. Thus it is mandatory to take a holistic approach to implement effectively and seamlessly emergency response, relief, and long-term recovery. With the severity of possible consequences due to this earthquake, a special project, entitled as “Special Project for Earthquake Disaster Mitigation in Tokyo Metropolitan Area” (2007-2011), is commissioned by the Ministry of Education, Culture, Sports, Science, and Technology of Japan (MEXT), This special project consists of three subprojects; Seismology, Earthquake Engineering, and Crisis Management and Recovery. This subproject considers Tokyo Metropolitan Earthquake as a national crisis occurred in the Tokyo metropolitan area. All the available knowledge of disaster researchers should be gathered from nationwide, including both emergency response and long-term recovery to minimize damage and losses. This project examines measures for improving the capacity for the people from disaster management organizations to react to crisis and help rebuilding life recovery of disaster victims. An information-sharing platform will be proposed to comprehensively manage individual disaster response and recovery measures. “Training and exercise systems” will be introduced to empower local capacity to mitigate and recover from disaster by integrating all of the project achievements among stakeholders. The final goal of this project is to make ourselves prepared for help the anticipated 25 million victims at most due to Tokyo Metropolitan earthquake. In this issue of JDR, we will introduce 10 papers from the subproject on Crisis Management and Recovery as a part of the achievements of this subproject for the last five years.

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