THE RESPONSE TO THE SHOCKS PROVEKED BY EXTERNAL FACTORS

Adi Eleonor Trifu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2017, vol. 11, issue 1, 561-569

Abstract: In this article, we present a simple model of response to a turbulent manifestation in the environment, which organization of any type should try to implement. First, it was described the types of perturbations that can exist in a dynamic business environment. Also, we propose a model of management response to the disturbing event, depending on the readiness of the organizationin dealing with them. In the last part of the article, we propose a simple scheme of resourcing allocation for the response, by using a ranking system of the shocks that are provoked by turbulence of the external factors of the business environment.

Keywords: turbulence; shocks; management flexibility; external factors (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:11:y:2017:i:1:p:561-569

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