2019
DOI: 10.34218/ijm.10.2.2019/007
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Taxonomy Among Triplets: Opening the Black Box

Abstract: In this paper, we discuss differences among risk, crisis, and disaster. These concepts are commonly and interchangeably used but are conceptually different from each other. It is pivotal to understand their differences in order to manage them. Within each of these concepts, the paper offers an overview of the literature, particularly the definitions, types, characteristics, and management approaches to develop a taxonomy of risk, crisis, and disaster. Sixteen dimensions of difference were identified for the ta… Show more

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Cited by 9 publications
(13 citation statements)
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References 51 publications
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“…It is "a lowprobability, high impact event that threatens the viability of the organization and is characterized by ambiguity of cause, effect, and means of resolution, as well as by a belief that decisions must be made swiftly" (Pearson & Clair, 1998, p. 60). Crises differ in both risks (i.e., identifiable events with negative consequences) and disasters (i.e., events that pose serious threats to society, including human loss and material damage that potentially lead to the collapse of social structures and/or functions) (Iftikhar & Müller, 2019).…”
Section: Crises In Megaprojectsmentioning
confidence: 99%
“…It is "a lowprobability, high impact event that threatens the viability of the organization and is characterized by ambiguity of cause, effect, and means of resolution, as well as by a belief that decisions must be made swiftly" (Pearson & Clair, 1998, p. 60). Crises differ in both risks (i.e., identifiable events with negative consequences) and disasters (i.e., events that pose serious threats to society, including human loss and material damage that potentially lead to the collapse of social structures and/or functions) (Iftikhar & Müller, 2019).…”
Section: Crises In Megaprojectsmentioning
confidence: 99%
“…Third, model/framework-based studies have been developed over the previous decades to seek for effective communication of uncertainty. These included discussion on key elements such as the taxonomy of risk/crisis/disaster (Iftikhar and Müller, 2019); the need for effective engagement with users; managing ensembles, confidence, bias, consensus and dissensus; methods for communicating specific uncertainties; and the evaluation of multiple management approaches currently in use (Doyle et al , 2019). The risk information aggregation processes have been investigated on major impediments (e.g.…”
Section: Resultsmentioning
confidence: 99%
“…Several studies have found that crises may have positive as well as negative consequences (Darling, 1994;Burnett, 1998;Veil, 2011;Iftikhar and M€ uller, 2019), although the negative impact is still predominant in contemporary literature on the crisis (Carone and Lorio, 2013). In that respect, crises can present critical challenges to organizational performance, both externally and internally, and there is no guarantee that high-performing organizations will continue to perform well in times of crisis (Lin et al, 2006;H€ allgren and Wilson, 2008).…”
Section: Crises and Performancementioning
confidence: 99%