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Crisis development and its management

Author

Listed:
  • Roman Rak

    (Ambis University, Czech Republic)

  • Vladimir Sulc

    (Ambis University, Czech Republic)

  • Dagmar Kopencova

    (Ambis University, Czech Republic)

  • Frantisek Vlach

    (Ambis University, Czech Republic)

  • Vladimira Hudecova

    (Academy of the Police Force in Bratislava, Slovakia)

Abstract

The paper deals with the theoretical concept of crisis. The crisis is an integral and, in essence, regularly recurring part of any human activity. We are facing a crisis in areas such as the economy, politics, the military, civilization, as well as in our private, human lives. The paper analyzes in detail the dimensions and characteristics of the crisis, deals with the various stages of the crisis, their recognition and solution. The paper was created as one of the outputs of the foundation of the theory of security sciences, where the basic general concepts of security character were defined, which are valid in various fields of human activities, including various scientific fields. The concept of crisis is part of threat analysis and subsequent risk management in various fields, including economics, management of state and non-state institutions, business and overall sustainability. The concept of crisis is currently closely linked to global globalization, which brings significant benefits as well as global risks. These risks, which are not well addressed or subsequently managed, can erupt very quickly in a variety of crises of considerable global scope. The paper lists typical symptoms that are important for early detection and crisis management. The paper presents the definitions and relationships between the crisis and the stability of any systems (economic, social, political, etc.). It also provides a classification of crises, its contexts and related panic.

Suggested Citation

  • Roman Rak & Vladimir Sulc & Dagmar Kopencova & Frantisek Vlach & Vladimira Hudecova, 2022. "Crisis development and its management," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(3), pages 414-428, March.
  • Handle: RePEc:ssi:jouesi:v:9:y:2022:i:3:p:414-428
    DOI: 10.9770/jesi.2022.9.3(25)
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    References listed on IDEAS

    as
    1. Blinc, Robert & Zidans˘ek, Aleksander & Šlaus, Ivo, 2007. "Sustainable development and global security," Energy, Elsevier, vol. 32(6), pages 883-890.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Matúš Grega & Pavel Nečas, 2022. "Implementation of effective solutions to the crisis tasks and its regional management," Post-Print hal-04242916, HAL.
    2. Matúš Grega & Pavel NeÄ as, 2022. "Implementation of effective solutions to the crisis tasks and its regional management," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 4(4), pages 21-35, December.

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    More about this item

    Keywords

    economy; crisis; balance; crisis characteristics; panic;
    All these keywords.

    JEL classification:

    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism

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