Responding to a major crisis: Entrepreneurial thinking trumps the status quo

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Major crises have worrying implications for a firm's continued existence. Conventional responses are often ineffective and the situation typically demands more novel solutions. Companies become better placed to emerge from the crisis if leaders develop a comprehensive understanding of the crisis by accurately framing the situation in terms of the threats posed, the predictability of outcomes and the time they have to react.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2023), "Responding to a major crisis: Entrepreneurial thinking trumps the status quo", Strategic Direction, Vol. 39 No. 6, pp. 10-12. https://doi.org/10.1108/SD-04-2023-0057