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| Author: | Drummond, H. Chell, E. |
| Title: | Crisis management in a small business: a tale of two solicitors' firms |
| Journal: | Management Decision
1994 : VOL. 32:1, p. 37-40 |
| Index terms: | CRISIS MANAGEMENT SMALL BUSINESS COMPANIES |
| Language: | eng |
| Abstract: | The paper explains why, of all organizations at risk in the current economic recession, small businesses are the most vulnerable. The article confirms that downturns are typically rapid and the prognosis poor, and that the emotional and financial hardships of personal bankruptcy are often severe. The paper also challenges the popular management literature which urges decision makers to follow their intuition, on the ground that intuition is frequently biased and therefore likely to result in the wrong choices. |
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