STRATEGIC MANAGEMENT IN A CRISIS CONTEXT

Vasile Deac

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2012, vol. 6, issue 1, 102-109

Abstract: The current crisis, more than any other disturbing factor, provoked a rough breach in the management’s daily routine, involving major transformations, especially in the enterprises’ strategic management. The complex reality in which a modern company activates, its position, role and responsibilities, makes its strategic management an extremely complex one, a tridimensional process, its three dimensions being: rational and analytic (economic dimension); political (human dimension); bureaucratic (organizational dimension). The strategic management implies taking into consideration simultaneously the three dimensions, each dimension having its role and importance according to the respective context. Omitting a dimension or favouring one of them against another without taking into consideration the context may lead to inadequate, incomplete and sometimes even destructive strategic and organizational behaviours.

Keywords: economic-financial crisis; strategic management; tridimensional approach; strategic behaviours; leadership (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:6:y:2012:i:1:p:102-109

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