Crisis management strategies in economic Institutions
Main Article Content
Abstract
The study aimed to clarifying the importance of implementing crisis management strategies in economic
institutions, reviewing the most important concepts related to crises, and how to confront crises through the
implementation of the concept of crisis management. Among The results, we noted that the mission of the
institution does not finiched when facing crises, but extends to good implementation and effective
monitoring of crisis management, and adopting an effective strategic approach that makes it more vital in an
environment full of opportunities. Crisis strategies vary depending on the type and magnitude of the crisis
facing the institution. The study reached a number of recommendations, us the good preparation of
programs and plans for crisis management in institutions and working on their review development
continuonsly. While promoting the interest of businesses, have sufficient knowledge to use crisis strategies
in ordre to acquire the ability to meet and overcome sudden crises efficiently and effectively.
Article Details
References
Timothy Coombs (2007) , Protecting Organization Reputations During a Crisis: The
Development and Application of Situationl Crisis Communication Theory, Article Corporate
Reputation Review, vol. 10. No.01.
Zerenler, Muammer & Sezgin, Mete & Hasiloglu, Selcuk Burak (2009) , Strategic Utilization of
IT for Corporate Crisis Management: the Empirical Study on Textile and Automotive Suppliers
Sectors, the empirical study on textile and automotive suppliers sector, international journal of
business and management ,vol: 4, no:1.
John Vargo, Erica Seville (2011), Crisis Strategic Planning for SMEs: Finding the
SilverLining, International Journal of Production Research ‐ Creating Resilient SMEs special issue,
Vol 49, Issue 18.