OJBM  Vol.2 No.4 , October 2014
The Competent Management Team as a Condition for Successful Crisis Solving
Abstract: To stop adverse trends and handle the crisis situation on the one hand and to reach turning-point and insure the foundations for new development on the other hand are usually two basic tasks of crisis management when it performs necessary activities in the company in acute crisis. For the successful resolution of a crisis, it is of key importance that the crisis is tackled by managers who along with a desirable knowledge of the company’s activities are familiarized with the special characteristics of the crisis management and general creative (intuitive) approach. For their work crisis management will require strategic, as well as fully operational formal and empirical knowledge, possessing at least the minimum amount of knowledge from every business field. Based on the research described in this paper using the sample of selected companies undergoing acute crisis, it is emphasized that from all necessary competences, which crisis team members should possess, the most important thing is the knowledge and experiences from the area of radical restructuring of the company, whereas the familiarisation with the field of operation whose characteristics can soon be mastered by the crisis team members is less important. The financial view of the acute crisis resolution is very important; however, the company cannot further survive if only this area of operation is addressed.
Cite this paper: Dubrovski, D. (2014) The Competent Management Team as a Condition for Successful Crisis Solving. Open Journal of Business and Management, 2, 321-328. doi: 10.4236/ojbm.2014.24038.

[1]   Crandall, W.R. and Mensah, E.C. (2008) Crisis Management and Sustainable Development: A Framework and Proposed Research Agenda. International Journal of Sustainable Strategic Management, 1, 16-24.

[2]   Dubrovski, D. (2004) Peculiarities of Managing a Company in Crisis. Total Quality Management & Business Excellence, 15, 1199-1207.

[3]   Dubrovski, D. (2011) Razseznosti kriznega managementa. Mednarodna fakulteta za druzbene in poslovne studije, Celje.

[4]   Apaslan, C.M. and Mitroff, I.I. (2011) Swans, Swine, and Swindlers. University Press, Stanford.

[5]   Barnett, C.K. and Pratt, M.G. (2000) From Threat-Rigidity to Flexibility: Toward a Learning Model of Autogenic Crisis in Organizations, Journal of Organizational Change Management, 13, 74-88.

[6]   Barton, L. (1993) Crisis in Organizations. South-Western College Publishing, Cincinnati.

[7]   Crone, A. (2007) Die Unternehmenskrise. In: Crone, A. and Werner H., Eds., Handbuch Modernes Sanierungs Management, Franz Vahlen, München.

[8]   Fink, S. (1986) Crisis Management. Amacom, New York.

[9]   Grünert, T. (2007) Mergers & Acquisitions in Unternehmungskrisen. Deutscher Universitäts-Verlag, Wiesbaden.

[10]   Heath, R. (1998) Crisis Management for Managers and Executives. Financial Times, Pitman Publishing, London.

[11]   Hermann, C.F. (2008) Some Consequences of Crisis Which Limit the Viability of Organizations. In: Boin, A., Ed., Crisis Management, Sage, Los Angeles, 210-224.

[12]   Homel, U., Knecht, T.C. and Wohlenberg, H. (2006) Sanierung der betrieblichen Unternehmenskrise. In: Homel, U., Knecht, T.H. and Wohlenberg, H., Eds., Handbuch Unternehmensrestrukturierung, Gabler Verlag, Wiesbaden, 27-60.

[13]   James, E.H. and Wooten, L.P. (2010) Leading Under Pressure. Routledge, New York.

[14]   Kraus, G. and Becker-Kolle, C. (2004) Führen in Krisenzeiten. Gabler, Wiesbaden.

[15]   Lalonde, C. (2008) Organiser la réponse a la crise. L’Harmattan, Paris.

[16]   Lerbinger, O. (1997) The Crisis Manager. Lawrence Erlbaum Associates, Mahwah.

[17]   Neubauer, M. (1999) Krisenmanagement in Projekten. Springer, Berlin.

[18]   Roux-Dufort, C. (2003) Gérer et décider en situation de crise. Dunod, Paris.

[19]   Slatter, S. (1987) Corporate Recovery. A Guide to Turnaround Management. Penguin Books, London.

[20]   Andersch, T. and Schneider, K.J. (2006) Erstellung und Testierung von Sanierungskonzepten. In: Hommel, U., Knecht, T.C. and Wohlenberg, H., Eds., Handbuch Unternehmensrestrukturierung. Gabler Verlag, Wiesbaden, 303-334.

[21]   Harz, M., Hub, H.-G. and Schlarb, E. (2006) Sanierungs-Management. Wirtschaft und Finanzen, Stuttgart.

[22]   Platt, H.D. (1998) Principles of Corporate Renewal. The University of Michigan Press, Ann Arbor.

[23]   Slatter, S., Lovett, D. and Barlow, L. (2006) Leading Corporate Turnaround. Jossey-Bass, Chichester.

[24]   Augustine, N.R. (2000) Managing the Crisis You Tried to Prevent. In: Harvard Business Review on Crisis Management, Harvard Business School Press, Boston, 1-31.

[25]   Roberts, K.H., Madsen, P. and Desai, V. (2007) Organizational Sensemaking during Crisis. In: Pearson, C.M., Roux-Dufort, C. and Clair, J.A., Eds., International Handbook of Organizational Crisis Management, Sage Publications, Los Angeles, 109-122.

[26]   Kraus, K.-J. and Gless, S.E. (2004) Unternehmensrestrukturierung/-sanierung und strategische Neuausrichtung. In: Buth, A.K. and Hermanns, M., Eds. Restrukturierung, Sanierung, Insolvenz, Verlag C.H. Beck, München, 109-132.

[27]   Seefelder, G. (2007) Unternehmenssanierung. Schäffer-Poeschel, Stuttgart.

[28]   Müller, R. (1986) Krisenmanagement in der Unternehmung. Peter Lang, Frankfurt am Main.

[29]   Faulhaber, P. and Landwehr, N. (2005) Turnaround-Management in der Praxis. Campus, Frankfurt.

[30]   Meyers, G.C. and Holusha, J. (1986) Managing Crisis. Unwin, London.

[31]   Regester, M. (1987) Crisis Management. Hutchinson Business, London.

[32]   Williams, D.R. and Roy, S.N. (1999) Merger and Acquisition Strategies for the Distressed Company. In: Di Napoli, D., Ed., Workouts & Turnarounds 2: Global Restructuring Strategies for the Next Century, John Wiley & Sons, New York, 424-437.

[33]   Malik, F. (2006) Effective Top Management. Wiley-VCH, Weinheim.

[34]   Lang-von-Wins, T., Kaschube, J. and von Rosenstiel, L. (2006) Führungskompetenzen bei der Unternehmensrestruk-turierung. In: Homel, U., Knecht, T.H. and Wohlenberg, H., Eds., Handbuch Unternehmensrestrukturierung, Gabler Verlag, Wiesbaden, 253-276.

[35]   Dubrovski, D. (2011) Additional Knowledge Needed in Crisis Management. In: Dermol, V., Ed. Knowledge as Business Opportunity: Proceedings of the Management, Knowledge and Learning International Conference 2011, 22-24 June 2011, Celje, Slovenia, International School for Social and Business Studies, Celje, 159-166.

[36]   Bibeault, D.B. (1999) Corporate Turnaround: How Managers Turn Losers into Winners. Beard Books, Washington.

[37]   Casadesus-Masanell, R. and Ricart, J.E. (2011) How to Design a Winning Business Model. Harvard Business Review, 89, 101-107.