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Stress And Crisis Management

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  • FASUA ELOHO LOICE

Abstract

This study provides a thorough exploration of crisis management theories and stress-related concepts. It employs qualitative and literature research method. In achieving this, it traces the historical development of stress theories, shedding light on the transition from viewing stress as a static stimulus to understanding it as a dynamic transactional process between individuals and their intricate environments. The significance of personality traits, particularly hardiness, in enhancing stress resilience is underscored, offering valuable insights into effective coping mechanisms. Moreover, the paper anchors on transactional theory of stress and coping (TTSC) and the innovative butterfly theory of crisis management, which advocates for proactive preparedness to address minor events that possess the potential to escalate into major crises. This approach recognizes the substantial impact of low-probability events and underscores the importance of readiness and risk mitigation. Overall, this compilation serves as a comprehensive reference for comprehending the intricacies of stress and crisis management. It provides practical guidance for organizations and individuals, empowering them to approach crisis management with foresight and resilience, ultimately enhancing their ability to navigate and mitigate crises effectively.

Suggested Citation

  • Fasua Eloho Loice, 2024. "Stress And Crisis Management," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 16(2 (July)), pages 333-356.
  • Handle: RePEc:shc:jaresh:v:16:y:2024:i:2:p:333-356
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    References listed on IDEAS

    as
    1. Dirk Helbing, 2013. "Globally networked risks and how to respond," Nature, Nature, vol. 497(7447), pages 51-59, May.
    2. Faith Hatani, 2019. "When an issue becomes a crisis: an investigation of pre-crisis communication through annual reports," International Journal of Management Practice, Inderscience Enterprises Ltd, vol. 12(3), pages 283-300.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Stress; Crisis Management; Transactional Theory; Butterfly Theory.;
    All these keywords.

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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