African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4188

Full Length Research Paper

Crises: A challenging issue for the future

Cristian Dan Pirvu, Cerasela Pirvu, Laura Vasilescu and Anca Mehedintu*
University of Craiova, Romania.
Email: [email protected]

  •  Accepted: 05 January 2012
  •  Published: 14 March 2012

Abstract

Nowadays, the world is marked by multiple deep changes with different consequences. One of the features is that we are faced with a “bunch of crisis” that affects all components of social life along with the environment crisis - the earth crisis. We can also mention that in the whole system, there is a crisis correlated at the same time with a significant cyclical state. Cyclicality which we meet in society and in nature will accompany us in the near future, but we can not predict the consequences at the regional or global scale. In essence, crises, imbalances and weaknesses will always be in the future, both in nature and in society. The generator causes are multiple; some of them can be objective, while others result from an inappropriate human action. In other words, we will live in a society, an economy, an environment of crisis, and a time of repeatability of a whole series of processes, phenomena, in all three environments.

 

Key words: Crisis, cycle, global changes, vulnerability, risk.