New study reveals key stages to prevent company crises and ensure growth
The article discusses how crises in a company are connected to global and state crises, like economic downturns. It focuses on diagnosing and preventing crises in companies to help them grow. The researchers identified four stages of crisis development: prodromal crisis, acute crisis, chronic crisis, and crisis resolution. By recognizing when a company's performance is declining, managers can take steps to avoid a crisis situation and promote growth.