CRISES IN THE ENVIRONMENT OF BUSINESS ENTITIES AND CRISIS MANAGEMENT

Abstract

In recent years, there have been many different crises such as the dotcom crisis in the late 1990s, the global financial crisis of 2007-2009, the pandemic economic crisis and the global economic recession of 2020, the rise in commodity prices and the increase in inflation from 2021, the out-break of war in Ukraine, the energy and food crisis that occurred in 2022 in many countries. In addition, the climate crisis is also increasingly developing, which is generated primarily by the still high level of civilization's greenhouse gas emissions and the accelerating process of global warm-ing. As the scale and frequency of various crises increase, more and more business entities and public institutions are taking various anti-crisis measures, creating and improving risk manage-ment systems, early warning systems and contingency plans, carrying out corrective and develop-mental restructuring processes, creating innovative solutions to flexibly adapt to the changing environment. As the climate crisis is likely to develop for many years to come, so the importance of achieving the goals of sustainable development and urgently carrying out a green transformation of the economy is growing. In the context of the issues outlined above, the importance of efficient organizational management, information management and crisis management is growing. The improvement of the management processes of economic entities, including crisis management, has been realized in recent years through the implementation of new ICT information technologies and technologies typical of the current fourth technological revolution, Industry 4.0, into information systems.