Crisis versus Crisis Management: How This Transition Is Beneficial to Live With the Crisis?

Abstract

This paper tries to shed light on the concept of the crisis and the crisis management. This interest comes from the importance of the crisis management discipline as a way to reduce the negative spillovers of the crisis and an art to create a permanent custom to live with crisis. In this context, the concept of the crisis will change from a pejorative concept inspiring damage and destruction to an economic and managerial one. The latter allows us to treat it as a business phenomenon and then the economic laws are applied to find out the resolution and take advantage from it.

Keywords: Crisis – Crisis Management – Spillover - Method