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Taxonomy among triplets: opening the black box

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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. | Taxonomy among triplets opening the black box International Journal of Management IJM Volume 10 Issue 2 March-April 2019 pp. 63-85 Article ID IJM_10_02_007 Available online at http www.iaeme.com ijm issues.asp JType IJM amp VType 10 amp IType 2 Journal Impact Factor 2019 9.6780 Calculated by GISI www.jifactor.com ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication TAXONOMY AMONG TRIPLETS OPENING THE BLACK BOX Rehab Iftikhar Luiss Guido Carli University Italy Ralf Müller BI Norwegian Business School Norway 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 taxonomy. Further distinguishing dimensions are developed. By plotting existing literature against the origin mitigation and recovery publication of each of these concepts an agenda of future research topics is developed. Keywords risk crisis disaster taxonomy. Cite this Article Rehab Iftikhar and Ralf Müller Taxonomy Among Triplets Opening the Black Box International Journal of Management 10 2 2019 pp. 63-85. http www.iaeme.com IJM issues.asp JType IJM amp VType 10 amp IType 2 1. INTRODUCTION Risk crisis and disaster are terms frequently used to describe the status of organizations. Often all these terms are used by different people to describe the same situation. But what is the difference If in a project review meeting the project manager describes the project as being at risk the project sponsor it as being in a crisis and the business unit manager as a disaster the questions arise Who is right What is the real status Which reactions are .