Negotiations in the Event of Financial Difficulties

Marc Helmold (), Tracy Dathe () and Florian Hummel

Chapter 9 in Successful Negotiations, 2022, pp 195-202 from Springer

Abstract: Summary Companies in financial difficulties are in a crisis situation. The word crisis is a word with negative connotations and has something to do with danger and threat. According to the “Gabler Wirtschaftslexikon”, crisis is defined as the most diverse manifestations or phenomena of an enterprise, from the mere disruption in the course of operations to conflicts to the destruction of the enterprise (Gabler Wirtschaftslexikon, Unternehmenskrise. Abgerufen am 26.5.2018. https://wirtschaftslexikon.gabler.de/definition/unternehmungskrise-49331 , 2018). If a company is in an economic enterprise crisis, the functionality and stability can be impaired to such an extent that there is a threat of a company collapse—insolvency (insolvency). From the point of view of the affected company, these manifestations can be described as a financial crisis or catastrophe, which substantially threatens the continuation of the company and its existence (Gabler Wirtschaftslexikon, Unternehmenskrise. Abgerufen am 26.5.2018. https://wirtschaftslexikon.gabler.de/definition/unternehmungskrise-49331 , 2018). The authors Krystek and Moldenhauer define three types of crisis for companies (Krystek, Moldenhauer, Handbuch Krisen- und Restrukturierungsmanagement, Kohlhammer, Stuttgart, 2007): non-existence-threatening crisis situation, existence-threatening crisis situation and existence-destroying crisis situation.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-35701-6_9

Ordering information: This item can be ordered from
http://www.springer.com/9783658357016

DOI: 10.1007/978-3-658-35701-6_9

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().