How To Manage in Times of CRISIS

DR. ICHAK ADIZES has been helping organizations to manage change for over forty years. His recent publication, How to Manage in Times of Crisis, is based on material from his talks during 2008 addressing the world financial crisis. But it is even more relevant today when human crises are multi-dimensional.

In 2008 there was a big financial crisis. I was invited to speak to IBS at the Russian Academy of Economics. My presentation was transcribed, and the result is the booklet, How to Manage in Times of Crisis.

Since then, years have passed but the phenomenon that there is a financial and/or social or political crisis has not stopped. And each new crisis appears to be more complicated to handle than the previous one. While 2008 was mostly an economic crisis, the emerging ones are multidimensional. Social unrest, the political left in serious conflict with the political right, religious confrontations, an unprecedented surge in crime, an unprecedented level of innovation led by unprecedented technological advancements which impact income and wealth distribution, and more.

The crises are getting more acute because the rate of change is accelerating and impacting not just one subsystem, like the economic one, but multiple subsystems, the social, religious, economic, and political, all simultaneously. The challenge of what to do is more much demanding than ever in the past.