A typology of crises

Introduction (via Husdal)

What defines a crisis? Are there different types of crises? Crisis management is the focus of this week’s posts and today’s article attempts to develop a scheme for classifying different types of crises. In Towards a New Typology of Crises by Stephan Gundel, crises are classified according to how predictable and influenceable they are. This generates four types of crises: Conventional, Unexpected, Intractable and Fundamental crisis. Is that a useful differentiation for the practical handling of crises and for research into crisis management? Let’s look at how the author came to land on such a typology.

Three basic questions

The paper seeks to answer three questions:

  1. Why do we need a typology of crises? What attributes characterize a crisis typology that is of use both today and in the future?
  2. What are the typologies used now and why are they not sufficient?
  3. What consequences for managing crises arise from a new typology of crises?

Click Here To Read: A typology of crises

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29. November 2010 by Miguel Barbosa
Categories: Curated Readings, Finance & Investing | Leave a comment

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