Introduction to the Book, Its Aim, and Content

Susanne Durst () and Thomas Henschel ()
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Susanne Durst: Tallinn University of Technology
Thomas Henschel: Visiting Professor University of Verona, Department of Business Administration

A chapter in Crisis Management for Small and Medium-Sized Enterprises (SMEs), 2022, pp 1-5 from Springer

Abstract: Abstract The Coronavirus came suddenly and unexpectedly. Yet, we were aware of its worrisome effects on individuals and organizations in the form of switches to short-time work, applications for state support, and even first closures very soon. The increasing focus on crisis management which had been put by the big consulting companies such as McKinsey and the likes suggested that organizations had a vast amount of catching up in this respect. In sum, the Coronavirus spread has shown us all how fragile organizations are, the smaller companies in particular. In fact, we learned that the majority of companies had no or only an underdeveloped approach to crisis management, thus the crisis hit them hard, and many of the organizations did not survive the crisis. The consequences for both society and economy are obvious.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-030-91727-2_1

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DOI: 10.1007/978-3-030-91727-2_1

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