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Crisis Management: Challenge or Opportunity for Public and Private Managers Face Economic Disaster

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  • Lucean MIHALCEA

    () (Faculty of Economic Sciences, “Dunarea de Jos” University)

Abstract

Successful managers find ways to overcome situations of uncertainty. The strategies adopted are based on a series of simplistic reasoning such as analogy, taking into account the ideas of experts, rigorous debate and experimentation. Napoleon Bonaparte said that "there is nothing more important and more valuable than being able to make decisions." Business leaders today must deal with an avalanche of ambiguity, it must decide on the future of the company. I intend to expose some successful methods by which top managers were able to transform into opportunities, challenges of economic crisis.

Suggested Citation

  • Lucean MIHALCEA, 2012. "Crisis Management: Challenge or Opportunity for Public and Private Managers Face Economic Disaster," EuroEconomica, Danubius University of Galati, issue 1(31), pages 41-45, February.
  • Handle: RePEc:dug:journl:y:2012:i:1:p:41-45
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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/1221/1068
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    References listed on IDEAS

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    1. Riana Iren Radu, 2011. "Proactive Mentality for Business Development in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 5(5(558)(su), pages 850-855, July.
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    Keywords

    management; leadership; opportunities; crisis;

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