CRISES IN THE ENVIRONMENT OF BUSINESS ENTITIES AND CRISIS MANAGEMENT
CRISES IN THE ENVIRONMENT OF BUSINESS ENTITIES AND CRISIS MANAGEMENT

Summary/Abstract: In recent years, there have been many different crises such as the dotcom crisis in the late 1990s, the global financial crisis of 2007-2009, the pandemic economic crisis and the global economic recession of 2020, the rise in commodity prices and the increase in inflation from 2021, the outbreak of war in Ukraine, the energy and food crisis that occurred in 2022 in many countries. In addition, the climate crisis is also increasingly developing, which is generated primarily by the still high level of civilization's greenhouse gas emissions and the accelerating process of global warming. As the scale and frequency of various crises increase, more and more business entities and public institutions are taking various anti-crisis measures, creating and improving risk management sys- tems, early warning systems and contingency plans, carrying out corrective and developmental restructuring processes, creating innovative solutions to flexibly adapt to the changing environ- ment. As the climate crisis is likely to develop for many years to come, so the importance of achiev- ing the goals of sustainable development and urgently carrying out a green transformation of the economy is growing. In the context of the issues outlined above, the importance of efficient organ- izational management, information management and crisis management is growing. The improve- ment of the management processes of economic entities, including crisis management, has been realized in recent years through the implementation of new ICT information technologies and tech- nologies typical of the current fourth technological revolution, Industry 4.0, into information sys- tems.

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