sir ,yes . It depend which type of crisis it is. Whether its relates with finanical crisis or natural crisis. When we talks about finanical crisis than it can be delay or prevent through various stratgies and team work . Syncronization related with stratgies and opt for best stratgies to overcome these crisis are essential . Most of the time crisis are unpredicatble and it cause serious losses . Crisis management can be very effective to atleast minimis the impact or even prevent it . Some time solution of crisis are two simple but we usualy focus on complex solutions. Solutions takes times and some time it essential that resolution period should be lack of anxieties . Every crisis needs predefine stratgies which should start as soon as any indication for crisis starts.

I think by using Macro-prudential policy instruments , and by improving early warning systems based on financial soundness indicators and macroeconomic indicators, furthermore, central banks should prepare a financial stability index, and assets price index in order to assess the systemic risks.

Anticipate and have a plan. Anticipate

every possible crisis and ask “What If

Respond immediately. When a crisis strikes, respond immediately.

Do not overtalk.

Always tell the truth.

Accept responsibility.

Select the right spokesperson.

Stop rumors and correct misinformation.

Dear Syed Zafar Sultan Rizvi,

I agree with you that it is very important to tackle a crisis in a timely and adequate way to resolve incidents and problems and not "sweep them under the carpet". This is the reason why I have tried to create "A model of Crisis Prevention" which I have already posted on ResearchGate.

Best Regards,

Radoica

Dear Rami Obeid,

My "Model of Crisis Prevention" which I have already posted on ResearchGate is a universal model which could be used in all organizations and therefore also in the financial and banking sector. You are correct in the idea that the measures you suggest would form an important way of helping to prevent future financial crises.

Best Regards,

Radoica

Dear Nirmala S.V.S.G,

Thank you very much for your contribution. I completely agree with your thoughts.

Best Regards,

Radoica

Thank you Sir , I will read your model of crisis prevention it will definitely help us to understand crisis nature .

Crisis prevention is extremely important, but it's a very hard task. As you said, resolving everyday's problems and incidents can lower the likelihood of crisis occurrence. Also, analyzing all possible scenarios can help a lot. Still, crisis are usually unpredictable and can hit literally every organization in the world. So, everyone should set their mindset as the crisis will happen to them and as that's just the matter of time. It is very important that every organization have a comprehensive plan which includes steps to be taken in the case of crisis, especially honest, open and timely communication to the public, customers and employees. Crisis scenarios should be tested as much as possible, so that organization is prepared to crisis at least to some extent, but it can never be fully covered.

Dear Rajko,

Thank you very much for your contribution. While "prevention is better than cure", it can not always guarantee complete success when a crisis hits. In the whole process it is very important to timely and adequately manage quality, risk and change, as well as employing "risk based thinking" and "crisis based thinking".

Best Regards,

Radoica

Dear Mr. Luburić,

I fully agree with you.

Best Regards,

Rajko

Thank you very much, mister Sekulović.

All the best.

Radoica

Those who appear to have no crises in life are not just born that way. They have superb problem solving skills as well as planning skills. If one plans well and has a Plan B as backup ready at any time, then they meet with less surprises and accompanying crises. Also if one looks at choices and think through the consequences behind each choice and makes a wise decision they are less likely to get into a crisis mode. Should that happen then they have Plan B as fall back in any case.

Dear Joanna,

I agree with you that every important task can not be completed without consulting an economic expert. However, sometimes, economists are the "idiots savants" of our time, as said by Robert Skidelsky, a prominent British economist. According to interdisciplinary research, apart from economic there are many other factors necessary to manage organization successfully.

Best Regards,

Radoica

Dear Srini,

I fully agree with your comments. This is, in many ways, the starting point of my work. Thank you very much for your contribution.

Best Regards,

Radoica

Yes Mr Radoica Luburic, J agree with you. In other words, those who do not mange risk, should be prepared to manage a crisis.

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Dear Mohamad,

Your comment is very useful and interesting. Thank you very much and best wishes for your future work.

Best Regards,

Radoica

Following

That's why you don't just pick a random person for the job as a CEO of a company. You thoroughly vet the candidates.

Dear Jasper,

I agree with you. CEO and Top management are always the most responsible for both the ultimate success or failure of any organization. Of course, this is also includes the important contributions of employees and other stakeholders.

Best Regards,

Radoica

Prevent their causes. Any crisis whose indicators begin to emerge. Some speak that there is a crisis to come. But the stakeholders want to continue so that their interests are not damaged and crises occur

Hi,

In the country I live, there are several multi-national companies functioning. I observed that they have separate softwares or algorithms designed based on previous experiences. These softwares allocate manpower, resources, supplies, and actions are according to anticipated situations. I find this model to be interesting. Despite all these measures, if at all there happens to be a failure, then the same is taken into account in re-designing the algorithm.

The second law of thermodynamics, or entropy law, says that things naturally become worse by itself. It is irreversible process and we can not stop it, whatever we do. The only thing we can do is slow down entropy process at local level, among other, by risk management. In other words, those who do not manage risk, should be prepared to manage a crisis.

Except for this, I think that all big world's economic and financial crisis are generated artificially, because mighty political-business and bank alliances create crises and enlarge their existing enormous wealth, by exploit all which are out of theirs groups. That is a key reason why financial and economic crises can not be stopped.

Dear Šarović,

Your comment is very useful and  interesting. Thank you very much and best wishes for your future work.

Best Regards,

Radoica

If possible the establishment of an early warning system with specific indicators and thresholds could be a way to intervene in situation before it evolves into a fully blown crisis. In addition, stress test exercises, what if type of analysis and preparation of business continuity and disaster recovery plans may mitigate the impact of a crisis situation which according to my view is not always avoidable.

Dear Ioannis,

Thank you very much for your reply. I agree with your comments.

Best regards,

Radoica

Let me share with you, Dr Luburic, a quote by John F. Kennedy, "The Chinese use two brush strokes to write the word 'crisis.' One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the risk-but recognize the opportunity." I think these are the two elements we need to remember. It might be not very easy to stop nature. Still, we can have the opportunity to work on minimizing damages, strengthening our people to build and establishing things in a better way with a happy spirit. I share with you an excellent booklet on Preventing Crisis Enabling Recovery by UNDP. The stories told provide thoughts and empower people with great ideas.

Dear Samy,

Thank you very much for your thought provoking contribution. Maybe we should consider the following, "Prevention is better than cure - but recovery builds a better future." The text you attached from the UNDP shows a pathway to recover from conflicts and disasters and while any crisis or disaster is unwelcome it could actually have long term beneficial consequences. It is the same situation as with air crashes and disasters such as the bridge collapse in Bologna in 2018. After the event safety checks are carried out to prevent any future accident which saves lives in the long term. As always we can not view things only in terms of black and white. Thank you again for joining the conversation.

Best Regards

Radoica

Follow,

Dear Dr. Luburic! This question is of top relevance not only for organizations but also for countries. I examine the question from a suppky chain perspective since I am a researcher in this field. It might be here appropriate to consider situations where crisis may lead to disasters. I found three case - studies, please see them enclosed. Based on the literature I argue that in the future there will be a model for crisis prevention in organisations and countries. Communication methods and tools - such as software as a service and IoT-devices - have a huge role in preventing problems turning to crisis/disasters. Yours sincerely, Bulcsu Szekely

Dear Tasneem,

I generally agree with you and I am sure that measurement is a crucial part of management. However, I am not certain that you can always accurately measure the human aspects of management with any great success. Human successes or failures, or moments of inspiration can always surprise us and become game-changers.

Best Regards

Radoica

Dear Bulcsu,

In general, I agree with you. In the near future maybe there will indeed be a model of crisis prevention for some areas. However, this will not be easy because of the dramatic acceleration of change and we should not ignore the well-known saying: "There is no difference between theory and practice, except in practice"!

Best Regards,

Radoica

By developing a sound prevention mechanism.

To Samy A. Azer

I quoute: " It might be not very easy to stop nature".

Nature is not easy to stop but impossible to stop (see the second law of thermodynamics - the law of entropy).

The best prevention of crises and various disasters due to various natural processes (earthquakes, floods, etc.) or human errors is to do things right the first time.

Radoica Luburić to prevent the crisis, you new anti-crisis proactive strategies involve international fund and emergency regulations. oblige the crisis originated-countries to follow.

In order to prevent the crisis from happening, we should be careful about the curve of falling in the suggested organization. Whenever that happens they should stop and take a hurry remedial action to prevent the crisis. Don't wait until the crisis happens. This is the only way to predict future success or fall of any organization by the curve of their outcomes if it is going up or down.

Prediction of a crisis situation, with reasonable accuracy could be pretty difficult. But, given the place of occurrence and the environment around, we should be able to imagine/foresee crises, and if needed by using tools like brain-storming etc.

Depending upon the nature of crisis, certain types might be very difficult to prevent. But it should normally be possible to remain prepared for facing it, and put efforts towards minimising the loss out of it.

Своевременно выяснить отношения.

By predicting it.

Life in a peace place with a family in freedom for life and with a good social in happy life with supporting by the community to work and discussing to make a better things in daily human life to be what we wanted to be in our life

By studing the behaviour of people. AI can predict if a person has crisis behaviour or not.

This is the most important tip to keep in mind. It was Urban Meyer’s misleading comments and misspoken words that resulted in his suspension. When facing a crisis situation, the media and the public want transparency and truthful statements. One little lie or confusing statement can destroy the trust the public has placed in you

2. Issue a statement and stick by it.

Issue a clear statement that explains the situation and stick by that statement until an update is available. This allows you to maintain the public’s trust. Ohio State’s statement regarding Zach Smith’s dismissal was brief and only revealed that the school had terminated him and would announce coaching staff changes later. That was on Monday, July 23. On Tuesday, July 24, Meyer participated in Big Ten media days, where Zach Smith was the main topic for the first five minutes, with journalists asking multiple questions about the crisis Ohio State was facing. Had there been a blanket statement that Meyer continually referred to, the message would have been clear from Ohio State,

3. Try to get ahead of the crisis as much as possible.

Providing information before anyone requests it allows you to remain the authoritative figure. Since the news broke, Ohio State has been in reactive mode. Journalist Brett McMurphy’s story appeared on Facebook just after 8 a.m. on Monday, July 23. Ohio State issued its two-line statement that afternoon. Since August 3, Meyer has issued several apologies plus a clarification message; however, each message is in response to either the media or public outcry. The sincerity diminishes with each subsequent apology and clarification, which also lessens the impact of any future actions Ohio State may attempt to take. Proactivity preserves the sincerity.

People-induced crises can be predicted and prevented. All other crises cannot be predicted and thus prevented.

https://www.wcpt.org/disaster-management/what-is-disaster-management

https://bizfluent.com/about-6218641-definition-disaster-management.html

Prospective disaster management could be a practical approach, with reference to the comparative history of the specific problem, e.g. https://en.wikipedia.org/wiki/Spanish_flu

https://en.wikipedia.org/wiki/Pandemic

http://kabbalahsecrets.com/the-coronavirus-covid-19-whats-really-going-on/

Preventing a crisis is also impossible. We can keep ourself somehow safe by preventives measures like insurance policies.

This is a very good starting point for reasoning. But I would like to add. Any system, including an enterprise or country, develops by alternating deterministic and bifurcation States. In deterministic States, the laws of system development do not change. And at bifurcation points, the very laws of the system's development change. Deterministic sections of the system's development trajectory are stages of its evolutionary quantitative extensional development. Bifurcation points are qualitative, revolutionary changes, when the system changes qualitatively, develops intensively. There are approaches, for example, developed by me, that allow us to predict when the bifurcation point will occur. However, it is much more difficult to predict what the qualitative changes in the system will be specifically and meaningfully. This is difficult to do because usually these changes do not follow from the previous development of the system, but are completely new (they have a very high level of novelty). It may even be more accurate to say that the qualitative changes in the system are due more to its future than to its past. Therefore, in order to predict bifurcation points by time and content, it is necessary to have a theory of very high predictive power. I developed this theory. But the scientific community struggles to perceive it as it is for the most part is based on the past. It turns out that society is moving into the future with its back to it. I look at it, and my back is turned to the past. Although I can analyze it. The crisis is a consequence of the hard passage of the bifurcation point. If everything is done in advance and reasonably, then its negative consequences can be minimized.

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Это очень хорошая отправная точка для рассуждений. Но я бы хотел дополнить. Любая система, в том числе предприятие или страна, развивается путем чередования детерминистских и бифуркационных состояний. В детерминистских состояниях законы развития системы не меняются. А в точках бифуркации изменяются сами законы развития системы. Детерминистские участки траектории развития системы - это этапы ее эволюционного количественного экстенсионального развития. Точки бифуркации - это качественные, революционные изменения, когда система изменяется качественно, развивается интенсионально. Есть подходы, например, разработанные мной, позволяющие прогнозировать когда наступит точка бифуркации. Но в чем конкретно и содержательно будут заключаться качественные изменения системы предсказать гораздо сложнее. Это сложно сделать потому, что обычно эти изменения не вытекают из предыдущего развития системы, а являются совершенно новыми (имеют очень высокий уровень новизны). Даже может быть будет точнее будет сказать, что качественные изменения системы обусловлены в большей степени ее будущим, чем ее прошлым. Поэтому для предсказания точек бифуркации по времени и содержанию необходимо иметь теорию очень высокой прогностической силы. Я разработал такую теорию. Но научное сообщество с трудом ее воспринимает, т.к. оно в основной своей массе основывается на прошлом. Получается, что общество движется в будущее, повернувшись к нему спиной. Я же смотрю на него, а спиной повернут к прошлому. Хотя и его могу анализировать. Кризис является последствием жесткого прохождения точки бифуркации. Если все делать заранее и разумно, то его негативные последствия можно свести к минимуму.

To Mr Eugene Veniaminovich Lutsenko ,

I agree with you. Chaos and complexity theory, especially some concepts in chaos theory such as the butterfly effect, attractors (punctual, periodic, and strange attractor) and bifurcations together with self-organizing complex systems are absolutely necessary.

To

Eugene Veniaminovich Lutsenko

I would be very grateful if you would send me your bifurcation theory. I assume you used Feigenbaum's constant (4.6692 ...). Thanks in advance.

Dragoljub Šarović !

Unfortunately, I haven't studied bifurcation theory that deeply. But I have thoughts in this area. They are related to successive Golden sections and variational principles Also see my works:

Book AUTOMATED SYSTEM-COGNITIVE ANALYSIS IN THE MANAGEMENT OF ACT...

Article UNIVERSAL INFORMATION VARIATIONAL LAW OF SYSTEM DEVELOPMENT

Thank you Eugene.

Kind regards.

Through the use of prudent diplomatic methods to resolve differences between countries

follow scientific methods, abide by medical instructions, and, above all, have a self-consciousness

We live in a complex world where complexity exist everywhere either in relationships, in workplace or at home. We deal with this crisis everyday and adapt ourselves with wider experience of dealing with it. One of the way to avoid crisis, which is more of a serious consequence,is being prudent, having preparedness and robustness. @

To Mrs.Munira Tharwani ,

Nice answer.

Kind regards

Thank you Dragoljub Šarović

Best regards,

Munira Tharwani

To prevent crisis, education is the answer. This is to know how does it formulate and resolving them scientifically. Crises come from idiotic principles and arrogancy.

Dear Prof. Radoica Luburić

What about the reinforcement of some intelligency agencies as it was done during the cold war. Intelligence agencies are also global organizations that depend on policy makers.

https://fsi.stanford.edu/publication/spies-lies-and-algorithms-why-us-intelligence-agencies-must-adapt-or-fail

Going back to your brief explanation, Sir Radoica Luburić and I reiterated the same as "...crises are resolvable through the application of any predefined procedures and plans. (that's correct with preparedness) The demand changes and innovations are through flexible, creative, strategic, and sustained response. (you nailed it, Sir). Thank you.

... and why we are looking for crisis to happened!!!!!