Crisis Management: Challenge or Opportunity for Public and Private Managers Face Economic Disaster

Lucean Mihalcea ()
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Lucean Mihalcea: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2012, 429-432

Abstract: Successful managers find ways to overcome situations of uncertainty. The strategies adopted are based on a series of simplistic reasoning such as analogy, taking into account the ideas of experts, rigorous debate and experimentation. Napoleon Bonaparte said that "there is nothing more important and more valuable than being able to make decisions." Business leaders today must deal with an avalanche of ambiguity, it must decide on the future of the company. I intend to expose some successful methods by which top managers were able to transform into opportunities, challenges of economic crisis.

Keywords: management; leadership; opportunities; crisis (search for similar items in EconPapers)
Date: 2012
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