Managing for the Future: Crisis Management Under Post-industrial Modernization

Zhaklin Sarkisyan () and Maya Tikhonova ()
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Zhaklin Sarkisyan: Moscow State Institute of International Relations (MGIMO University)
Maya Tikhonova: SOGLASIE Insurance Co. Ltd

Chapter Chapter 3 in Post-Industrial Society, 2020, pp 31-42 from Springer

Abstract: Abstract The chapter systemizes the factors affecting the processes of post-industrial modernization, which are leading to the rise of crises. Rapid rates of development across contemporary society are shown to be the reason behind many concepts and theories taking shape, reflecting many aspects of the economy of the future. Post-industrial modernization is liable to lead to the emergence of new risks that may entail bankruptcy. The dualistic nature of crisis management is shown not only to allow businesses to be bailed out of crisis situations, but also to prioritize preventive measures. A hypothesis has been put forward that preventive measures may be implemented in current management tools (“management for future”) which should decrease the risk of bankruptcy in the future. Factors negatively affecting business sustainability are shown to possibly be the consequences of post-industrial transformations. The combination of scenario and matrix approaches, bearing in mind the life cycle theory, is demonstrated to provide an opportunity to adapt to future risk management tools. These tools must be implemented into the current management system in order to prevent disasters from arising. The proposed approach allows us to predict the levels of sustainability across economic systems, taking into account reactions to crisis measures.

Keywords: Post-industrial society; Modernization; Post-modernism; Sustainable development; Risks; Crisis management; H12 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-59739-9_3

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DOI: 10.1007/978-3-030-59739-9_3

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