Journal of Finance and Marketing

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Journal of Finance and Marketing 44 7897 074717

Crisis-Management-open-access-articles

Crisis management is a situation-based management system which includes organisational requirements company-wide. The response includes action Crisis prevention, crisis assessment, crisis handling and crisis termination. Crisis management is to be well prepared for crisis, ensuring a rapid and adequate response to the crisis, maintaining clear lines of reporting and communication in the event of crisis and agreeing rules for crisis termination.  CMS is synthesis of strategic management, which includes projection of the future based on ongoing monitoring of business internal and external environment. This includes current status control based on ongoing monitoring of the internal and external environment and crisis-coping strategy selection and implementation.

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