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What is the role of a manager in crisis management?
What is the role of a manager in crisis management? In 2008, faced with a debt load piling up and his company’s accounting officers not paying close attention to its figures, Rafael Levy, a real estate developer in Buenos Aires, threw a tantrum. The company he founded, Ecosan, had just moved into a new office space and began planning to expand its business. But Levy, one of the country’s wealthiest entrepreneurs and owner of a soccer team, wanted more than just a new office. He wanted one with a wine cellar. “I went ballistic,” the 64-year-old said with a laugh. “I started shaking.” By summer 2009, the Argentine banking crisis had crippled the country’s bonds market and rendered Ecosan’s bank accounts inaccessible. The company’s bonds had soared from near zero to as much as nine percent of its equity, though they were already losing value. With Levy’s assets limited by tight capital controls, the family firm made an appointment with Deutsche Bank, the country’s No. 1 bank. Deutsche Bank was at the time highly respected, providing financing for development projects, as well as corporate and city bonds and government loans. It also was well known throughout the global banking community as the “Deutsche of the United States,” having been founded 100 years earlier by immigrant brothers who were admitted to the U.S.
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under the Homestead Act. There was no talk of a partnership or a stake in Ecosan. visit the website sat at a large round table for 25 minutes, and a senior executive took notes while watching the owner turn from pink to red. Levy spoke quickly, often finishing other people’s sentences: “We’re not just a real estate business. We develop. I can present any project.” “We’ll work with global brokerage firms. We’ll sell in Canada, Western Europe, Southeast Asia.” “We grow in the north and the south.” Listening to Levy rattle off the ambitions of his company, the executive at the table couldn’t help but notice that his portfolio was mostly small- to medium-sized construction sites with warehouses and shopping malls. He told Levy there were things his company could do to help it recover in this economic crisis, but he couldn’t determine how they’d be able to help Ecosan. He doubted they could, in fact. Levy ran a finance-driven, real estate development and construction firm, but one that was dependent on commercial real estate tenants.
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He and his employees built and managed shopping centers; Levy closed deals and brought in tenants for stores. His firm’s exposure was on that side of the market. I sat in the room impressed, not that Levy was talking aboutWhat is the role of a manager in crisis management? How can a manager help resolve unanticipated problems? **Keywords:** Manager, decision-making, crisis-management ## 1.1 Crisis management and other management strategies Leaders have to learn to manage inevitable crises, and they also need to employ some of the other management strategies to handle non-crisis situations. There are six broad areas of management, which take the form of six different decision-making procedures which can, among others, be applied in order to balance risks. (Cairns, Jones & Hargreaves 2007). That leaves a seventh decision procedure: crisis management. Non-crisis situations must begin when the need to act on a certain decision becomes evident (Brilmayer 1999). In this area managers need to ask themselves the following questions: (a) Do you want to act? (b) What is the best decision according to the available knowledge? (c) When should you act? and (d) What should you do now? Crisis situations are rare for most people, but they often do arise and they cause great distress for all involved. The aim of management is to provide effective and expeditious relief. In this, leaders must be proficient in the appropriate decision-making procedures and they must also be skilled in crisis management. Kaufman and Allen (2008) describe the crucial characteristics of managers in crisis-management situations. Good crisis-management skills are demonstrated through resilience in uncertain situations, the capacity to recover from challenges, the ability to issues of time and distance, and effective communication.
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De Munck et al. (2006, p. 1) state that effective managers are “…capable to rapidly make decisions based on incomplete information relevant to the crisis at hand, and then manage the entire process in an appropriate manner to resolve the problems of the crisis situation.” They also state that crisis management should be conducted in a “focal style” (p What is the role of a manager in crisis management? And, more importantly, what can be determined by analysing a management team’s performance in a crisis— and beyond? In this article, I’ll discuss these questions in respect of the current crisis in Greek soccer. I want to start with a definition of crisis management. My definition is: crisis management is the application of human resources (especially technical human resources) to the moment of the crisis. By crisis, I mean not the moment in which a crisis is inevitable (impending, impending)—but the moment when a crisis erupts and needs a manager of crisis to solve it. Try This As a manager of crisis, it’s my job to search for solutions to the crisis. Therefore crisis management should consider the timing, prioritisation and the allocation of resources necessary for dealing with the crisis. Because crisis represents the failure of execution, analysis of the crisis is limited to the timing, prioritization and the allocation of resources.
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For example the crisis management of the current Greek soccer crisis can be considered complete by the analysis of the following: the end of the 2015-18 season, the beginning of 2016, the end of May/early June, beginning of June/mid June. Therefore, I dedicate the rest of this analysis to the last two months (18/19 May and 19/20 June). Crisis management in football Before I start, I do not deal with the root of the problem in Greek soccer, but with the crisis as a simple manager of crisis. Therefore, I do not elaborate on the Greek state of soccer, nor on the causes that lead to the Greek crisis. However, as a reader, you can still follow my analysis: The first managerial moment is the resolution of the dispute between the government and the FA (Federation of Greek Football). As you understand, on August 15, 2015, the government of SYRIZA (Coalition of the Radical Left) came into office, and immediately, they appointed a new