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EU IMPACT ON THE ECONOMY OF SERBIA THROUGHOUT THE PRISM OF CRISIS
MANAGEMENT
Nowadays is almost impossible to imagine a successful organization without clearly defined
management strategy, theory and practices. In other words, management has become an
integral component of every business venture – his basis, development and further on,
permanent business policy. Today, in the world of science and business, but especially in
academic community, there are different schools that deal in management from different
aspects – military doctrine, over economy, human sciences and other social disciplines.
Crisis management as an idea is linked with public and also private organizations. “It is not
about the crisis, it is about your attitude towards it!” In the beginning, the term of crisis
management was attributed to political terminology….
CONCLUSION
Taking into account all of the above, it appears that indeed there is a need for a more thorough
research on the topic of correlation of economic stability and crisis management, especially in
the light of international management, in order to find the best ways to achieve economic
security as an important element of the national security system, which would be ready to
respond to threats, to act preventively and proactively, and to also be constantly improved
through research.
The global financial crisis has caught a number of countries, their governments, representatives
of local authorities and companies entirely unprepared for the collapse of neoliberal capitalism.
Many still refuse to believe the uncertainty of the depth of the crisis and its duration. The
situation in the global financial market changes from day to day. Measures taken by the US
administration and the EU are disputable and they could even lead to further deterioration of
economic conditions.
Their governments and politicians, fearful of losing popularity, are deliberately hiding the truth
from the public. Crises are to be dealt with even in the times when they do not actually exist.
The only real solution to a crisis is to study and analyze the past ones and work to prevent the
future ones. Unfortunately, crisis cannot be eradicated but its effect may be mitigated with
timely reactions…
Belgrade 2014

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EU IMPACT ON THE ECONOMY OF SERBIA THROUGHOUT THE PRISM OF CRISIS MANAGEMENT 1

  • 1. EU IMPACT ON THE ECONOMY OF SERBIA THROUGHOUT THE PRISM OF CRISIS MANAGEMENT Nowadays is almost impossible to imagine a successful organization without clearly defined management strategy, theory and practices. In other words, management has become an integral component of every business venture – his basis, development and further on, permanent business policy. Today, in the world of science and business, but especially in academic community, there are different schools that deal in management from different aspects – military doctrine, over economy, human sciences and other social disciplines. Crisis management as an idea is linked with public and also private organizations. “It is not about the crisis, it is about your attitude towards it!” In the beginning, the term of crisis management was attributed to political terminology…. CONCLUSION Taking into account all of the above, it appears that indeed there is a need for a more thorough research on the topic of correlation of economic stability and crisis management, especially in the light of international management, in order to find the best ways to achieve economic security as an important element of the national security system, which would be ready to respond to threats, to act preventively and proactively, and to also be constantly improved through research. The global financial crisis has caught a number of countries, their governments, representatives of local authorities and companies entirely unprepared for the collapse of neoliberal capitalism. Many still refuse to believe the uncertainty of the depth of the crisis and its duration. The situation in the global financial market changes from day to day. Measures taken by the US administration and the EU are disputable and they could even lead to further deterioration of economic conditions. Their governments and politicians, fearful of losing popularity, are deliberately hiding the truth from the public. Crises are to be dealt with even in the times when they do not actually exist. The only real solution to a crisis is to study and analyze the past ones and work to prevent the future ones. Unfortunately, crisis cannot be eradicated but its effect may be mitigated with timely reactions… Belgrade 2014