Crises

Silvia Sanasi

Chapter 4.12 in Elgar Encyclopedia of Strategy as Practice, 2025, pp 405-409 from Edward Elgar Publishing

Abstract: The past few decades have been characterised by alternating periods of crisis, including global pandemics, economic recessions, widespread episodes of terrorism, natural resource unavailability, and armed conflicts, insofar that crises have become ordinary in organisational life. Among others, the COVID-19 pandemic has recently sparked academic interest in the study of how organisations strategise when confronted with an impending crisis and consequently spurred scientific production in this direction. Defining the concept of crisis has been a source of debate among strategy scholars over the years. Although multiple definitions have emerged, the core characteristics of crises consistently include unforeseeability, low probability, negative expected outcomes, limited time to formulate responses, uncertain temporal duration, perceived importance, urgency, and uncertainty. Despite the existing body of knowledge and existing approaches to the phenomenon, strategising in crises still offers multiple open research areas for practice scholars.

Keywords: Strategizing In Crises; SAP; Crisis Management; Strategic Responses; Uncertainty; Adaptability (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035315956
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