Importance of Knowledge Management for the Improvement of Crisis Management

Abstract

The current economic crisis has prompted great interest in the relatively new management discipline- crisis management and pointed out the necessity for its further development and greater applying. This contributed to the review of the possibility of its improvement based on the application of concepts from other management disciplines. One of them is the knowledge management. With that in mind, the goal of this paper is to point out the importance of developing capacity and improving the capabilities of organizational learning from crisis in order to contribute to the effective implementation of crisis management.