A Model of Crisis Prevention (Based on managing change, quality management and risk management)

Author:

Luburić Radoica1

Affiliation:

1. Central Bank of Montenegro , Podgorica , Montenegro

Abstract

Abstract The main task of this research is to create a model that enables an organization to effectively and effeciently resolve its everyday problems and potential incidents in time to prevent them from turning into a crisis. For solving problems, ad hoc measures and activities are often applicable, while incidents can be resolved by applying appropriate, predefined procedures and planned resources. On the other hand, crises are rarely resolvable through the application of any predefined procedures and plans. They demand changes and innovations, as well as a flexible, creative, strategic and sustained response. Therefore, it follows that it is incomparably better to adequately resolve problems and incidents on time, rather than to grapple with a crisis and all the complexity, uncertainty and anxiety that it brings with it. The Model of Crisis prevention presented in this research is based on effectively managing change and conflict, as well as on the synergy of Quality Management Principles and Risk Management Principles.

Publisher

Walter de Gruyter GmbH

Subject

Strategy and Management,Economics and Econometrics,Finance

Reference19 articles.

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2. 2. Adižes, I. K. (2011). Adižes o menadžmentu, Beograd: HESPERIAedu.

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4. 4. British Standards Institution (2014). BS 11200:2014, Crisis management – Guidance and good practice, London: BSI Standards Limited.

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