Achieving Excellence in Management

Part III

Applications to External Situations

Chapter 7

Management Issues and Crises

Introduction

In 1998 I made a presentation at the INSEAD Business School Euro-Asia Conference considering the Asian crisis of the previous year. It identified a number of firms that had avoided the worst effects of this crisis and discussed some of the reasons why. Since that time I have periodically given lectures at various business schools on the responses that could be made to the many other similar crises that followed. In February 2008, in other words, at the time of the severe oil and raw materials price inflation, the emphasis was slightly changed to highlight “key management issues” and broadened to consider separately the challenges for nations and ...