The state of Crisis - knowing its evolution can help to prevent it

A business crisis has four stages: imbalances and inefficiencies, economic losses, insolvency and failure. The first stage “imbalances and inefficiencies“, associated with the embryonic crisis, coincides with the occurrence of an initial negative signal, not yet an expression of first dysfunction, and is called incubation. The second stage “economic losses“, is identified with the maturation...

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