Munich Personal RePEc Archive

The Crises Management faced with new Challenges

Mihaescu, Liviu and Mihaescu, Diana (2008): The Crises Management faced with new Challenges. Published in: Revista de Management General , Vol. 8, No. 2 (2008): pp. 47-63.


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We witness an economic crisis without precedent that affects every area of our existence, rich and poor, at a global scale. The noise of financial crisis makes us no longer perceive other crises, which no one seems ready to accept them, namely a crisis of values that proliferate in our society. The experience of the past crises shows that the recession affecting mainly local companies, multinational companies managed to make profits during hard times for the economy of the host country, and the management is put in front of new challenges.

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