A Comparative Analysis of Classical Models for Crisis Management

Ionica Simbanu and Liliana Mihaela Moga
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Ionica Simbanu: Dunarea de Jos University of Galati, Romania
Liliana Mihaela Moga: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2025, issue 1, 200-203

Abstract: This article presents a comparative analysis of two significant theoretical models from decision-making literature. The models analyzed are the decision strategy selection model developed by Beach and Mitchell, and the strategic decision-making model in crisis conditions developed by Hofer and Schendel. The research examines how each model addresses essential factors such as reaction time, level of uncertainty, emotional involvement, decision structure, and the degree of formalization of the decision-making process. The research is based on a literature review in strategic management, organizational psychology, and crisis communication and uses item comparison as the research method. While Beach and Mitchell offer a rational and deliberative framework suitable for stable contexts, the Hofer and Schendel model is adapted for crisis situations, where decisions must be made quickly, often under stress and high pressure.

Keywords: decision-making models; crisis conditions; uncertainty; strategic management (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2025:i:1:p:200-203

DOI: 10.35219/eai15840409501

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