z-logo
open-access-imgOpen Access
Mastering Systems Strategic Crises to Prevent Business Crises
Author(s) -
Igor Vrečko,
Matjaž Mulej
Publication year - 2012
Publication title -
our economy journal of contemporary issues in economics and business
Language(s) - English
Resource type - Journals
eISSN - 2385-8052
pISSN - 0547-3101
DOI - 10.7549/ourecon.2012.5-6.01
Subject(s) - strategic planning , strategic thinking , strategic management , strategic financial management , strategic alignment , strategic control , process management , management science , business , creativity , crisis management , strategic sourcing , computer science , knowledge management , economics , marketing , management , political science , law
This paper deals with the problem of identifying and resolving strategic crises in business systems. Identifying strategic crises, based on the existing definitions of these crises, is often a matter of subjective interpretation, making it difficult to design and implement the necessary measures to resolve them. In this paper we define a new intellectual basis for the definition of strategic crisis and introduce the concept of a systemic strategic crisis. These are explained and defined as the cause of business strategic crises and the resulting operational crises. By defining the systemic strategic crises, we create the basis for introducing a holistic approach to solving strategic crises with the integration of strategic and project management acting on the concepts of systems thinking and creativity, which is briefly outlined in the proposed two-dimensional model of managing systems strategic crisis.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.
Having issues? You can contact us here
Accelerating Research

Address

John Eccles House
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom