The dynamics of crisis in the entrepreneurial firm: an explanation using the Three-Domain Model
by Gus M. Geursen
International Journal of Entrepreneurship and Innovation Management (IJEIM), Vol. 1, No. 3/4, 2001

Abstract: The dynamics of crisis have not been well understood or explored in the different literatures affecting the firm. In this paper, a liquidity crisis or evidence that the firm has entered a sequence of events leading to such a situation is considered as indicating crisis. The paper uses case studies from small and entrepreneurial firms to explore the anatomy of crisis; it also demonstrates that the logic can be extended to large firms. Furthermore, the paper indicates how the focus of managers has a significant bearing on liquidity health, and that sustained resolution of a crisis can only be achieved by increasing a firm's market relevance, which increases its cash flow from operations.

Online publication date: Wed, 16-Jul-2003

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