Authors: Eddy Soeryanto Soegoto ; Senny Luckyardi
DOI: –
Abstract
The economic decline becomes the most severe phenomenon that hit the world besides the medical impact of the coronavirus outbreak. Southeast Asia countries as the middle-income countries require a better strategy to successfully respond to Coronavirus Disease 2019 (COVID-19) pandemic. Moreover, the highly uncertain condition makes it difficult for the affected companies’ management in decision and policy-making. Therefore, this chapter aimed to develop better risk and a crisis management as the right response towards rapid and sudden change in crisis situation. In particular, it suggests ways that decision makers can adjust their company management for dealing with the extreme condition. The chapter explored risk and crisis management of some management experts using descriptive analysis, literature review, and qualitative technique. The chapter resulted in risk and crisis management strategies for reducing losses but at the same time providing protection for their employee considering people’s safety is second to none. The way of how companies react will bring big impacts to control the economic downturn in the middle of a global recession that now seems inevitable. © 2024 by Nova Science Publishers, Inc.
Author keywords
companies; pandemics; risk and crisis management; South East Asia
This article can be accessed at https://www.scopus.com/pages/publications/85216680653?


