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The Crises Management faced with new Challenges

Liviu Mihaescu () and Diana Mihaescu ()

MPRA Paper from University Library of Munich, Germany

Abstract: We witness an economic crisis without precedent that affects every area of our existence, rich and poor, at a global scale. The noise of financial crisis makes us no longer perceive other crises, which no one seems ready to accept them, namely a crisis of values that proliferate in our society. The experience of the past crises shows that the recession affecting mainly local companies, multinational companies managed to make profits during hard times for the economy of the host country, and the management is put in front of new challenges.

Keywords: crisis management; managers’ behavior; economic restructuring; performance management; efficiency (search for similar items in EconPapers)
JEL-codes: D7 M10 M14 M21 (search for similar items in EconPapers)
Date: 2008-01-29
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Published in Revista de Management General 2.8(2008): pp. 47-63

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