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Managing for the Future: Crisis Management Under Post-industrial Modernization

In: Post-Industrial Society

Author

Listed:
  • Zhaklin Sarkisyan

    (Moscow State Institute of International Relations (MGIMO University))

  • Maya Tikhonova

    (SOGLASIE Insurance Co. Ltd)

Abstract

The chapter systemizes the factors affecting the processes of post-industrial modernization, which are leading to the rise of crises. Rapid rates of development across contemporary society are shown to be the reason behind many concepts and theories taking shape, reflecting many aspects of the economy of the future. Post-industrial modernization is liable to lead to the emergence of new risks that may entail bankruptcy. The dualistic nature of crisis management is shown not only to allow businesses to be bailed out of crisis situations, but also to prioritize preventive measures. A hypothesis has been put forward that preventive measures may be implemented in current management tools (“management for future”) which should decrease the risk of bankruptcy in the future. Factors negatively affecting business sustainability are shown to possibly be the consequences of post-industrial transformations. The combination of scenario and matrix approaches, bearing in mind the life cycle theory, is demonstrated to provide an opportunity to adapt to future risk management tools. These tools must be implemented into the current management system in order to prevent disasters from arising. The proposed approach allows us to predict the levels of sustainability across economic systems, taking into account reactions to crisis measures.

Suggested Citation

  • Zhaklin Sarkisyan & Maya Tikhonova, 2020. "Managing for the Future: Crisis Management Under Post-industrial Modernization," Springer Books, in: Julia Kovalchuk (ed.), Post-Industrial Society, chapter 0, pages 31-42, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-59739-9_3
    DOI: 10.1007/978-3-030-59739-9_3
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