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Description |
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The world has recently seen
semblances of the worst in
economical terms. Businesses have had to resort to
various steps to stay `afloat'. Quite a few of them have sunk without a
trace. Those that have managed to stay above the drowning levels are
working on strategies to sustain and get back to growth. Some of them
have fought it through people, some through products and some
through technology. But the true learning has been the sense of urgency,
tact and planning that had to be gone into the whole exercise. Some
of them treated the scene as an exigency; some were proactive
when they noticed the others and some only reacted after disaster was
finally at their doorstep.
A few of them have looked at it as an opportunity and taken the
bull by its horns.
"Crisis as defined is the situation that is unpredictable but is not
unexpected." The nature of the
crisis demands attention of both special and general kinds. Crises
could range between a Tsunami to a 26/11 and a business crisis like in the
case of Satyam or the old Tylenol. They are broadly classified into natural
or man-made. Generally, crises manifest into disasters and, in some
cases, the reverse. |
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Keywords |
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HRM Review, Organizational Culture,
Organizational Growth,
Crisis Management Mechanism, Human
Resources Development, HRD, Organizational Response, Organizational Flab, Organizational Level, Intellectual Property Office, IPO.
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