Crisis: A Philosophical Insight

Nowadays, it is popular to speak about the crisis in different fields of activities. Thinking in terms of the crisis has become a new normality—every day we hear and read about the environmental crisis, economic crisis, healthcare crisis and political crises. There is less attention to the concept of the crisis itself and very little attention to the link between the crisis philosophy and SMEs. This chapter tries to shed light on the relevant insights of the crisis philosophy to understand and cope with crises in SMEs. Using basic philosophical analytical tools like clarifying the concept, systematizing different approaches and dividing complex concepts into smaller and simpler ones helps to understand and cope with multilayer concepts like crisis. Encouraging managers in small and medium enterprises to use philosophical tools to understand the crisis they face provides a stronger ground for choosing the best strategies for crisis management.