Professional Documents
Culture Documents
Abstract: The expansion and opening the door to new member states (such
as BiH), the EU is approaching regions plaguing the political and economic
crisis, creating awareness of the great importance of the introduction and
implementation of the concept of crisis management in the business practices of
domestic companies. Contemporary fiction in management crisis management
issues raised in the peak interest of theoreticians and practitioners. Special
interest in the aforementioned discipline raises because of its applicability to
the field of preventive action in terms of preventing crisis situations, and in the
domain of reactive action to exit the crisis, for those companies whose business
is already showing severe symptoms of the crisis. Emerging trend in the number
of companies that could qualified as a crisis-affected company, implies the
application of new concepts for overcoming the crisis. The research objectives
are systematized through theoretical aspects of crisis management issues, and the
results of empirical studies measuring business crisis with a focus on companies
that operate in local conditions and simultaneously undergoing reform processes
of reconstruction, retructuration and transition.
Keywords: business crisis, the symptoms of the crisis, the causes of the
crisis, crisis management, crisis prevention, overcoming the crisis, EU