An Attack Made By Either Former Vision Crisis or Change Management Principles

Abstract

The purpose of this study is to examine and discuss current literature on financial crisis management within organisational development. The key characteristic of a crisis is that you cannot control it that’s why they call it crisis “management”. In order to be able to manage crises effectively and it sets out a theoretical framework for the decision-making process should understand the steps of effective crisis management. Management of change represents a significant responsibility for the managers and specialists, for those who have not only to assure the survival of the organization,  but  to  assure  the  fundamentals  for  future  development  and competitiveness. Results from the present investigation showed that the impact of the global crisis is being driven by the country’s high dependence on management of a financial crisis which led to regulation is rising and is creating new challenges that need managing. It is hoped that the study will be able to fill the gap in research in the area of crisis vision and change management regulation due to the limited literature on this area in emerging countries.

Keywords: Crisis, Crisis management, Organizational development, Financial regulation, Decision-making, Systemic risk, Liquidity