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Management in times of crises: reflections on characteristics, avoiding pitfalls, and pathways out

Author

Listed:
  • Ricarda B. Bouncken

    (University of Bayreuth)

  • Sascha Kraus

    (Free University of Bozen-Bolzano
    University of Johannesburg)

  • Antonio Lucas Ancillo

    (University of Alcalá)

Abstract

The world is shaken by global crises that have severe implications for firms and their management. But what is characteristic of a global crisis, and why do firms and their managers often fail to deal proactively and strategically with coping strategies for crises. This introductory paper explains the characteristics of crises and important underlying management behavior. These behaviors are most important to understand because they might escalate or reduce the effects of a global crisis in firms. We also explain the challenges associated with emphasizing the local effects of crises while ignoring or downplaying their global effects. Finally, we present the papers in this special issue that provide specific answers that can help to deal with aspects of a global crisis.

Suggested Citation

  • Ricarda B. Bouncken & Sascha Kraus & Antonio Lucas Ancillo, 2022. "Management in times of crises: reflections on characteristics, avoiding pitfalls, and pathways out," Review of Managerial Science, Springer, vol. 16(7), pages 2035-2046, October.
    • Handle: RePEc:spr:rvmgts:v:16:y:2022:i:7:d:10.1007_s11846-022-00580-2
    DOI: 10.1007/s11846-022-00580-2
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    References listed on IDEAS

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    Cited by:

    1. Issah, Wunnam Basit & Anwar, Muhammad & Clauss, Thomas & Kraus, Sascha, 2023. "Managerial capabilities and strategic renewal in family firms in crisis situations: The moderating role of the founding generation," Journal of Business Research, Elsevier, vol. 156(C).
    2. Durst, Susanne & Davila, Andrés & Foli, Samuel & Kraus, Sascha & Cheng, Cheng-Feng, 2023. "Antecedents of technological readiness in times of crises: A comparison between before and during COVID-19," Technology in Society, Elsevier, vol. 72(C).
    3. Nylund, Petra A. & Amores-Bravo, Xavier & Ferràs-Hernández, Xavier & Brem, Alexander, 2023. "Crisis as a catalyst of idle innovation ecosystems: Evidence from ecosystem exaptation of a water partnership," Technological Forecasting and Social Change, Elsevier, vol. 197(C).

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    More about this item

    Keywords

    Crisis management; COVID-19; Ukraine war; Climate change; Entrepreneurship; Innovation;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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