Version 1
: Received: 23 August 2024 / Approved: 19 September 2024 / Online: 19 September 2024 (20:20:02 CEST)
How to cite:
Tomar, P.; Srivastava, S.; Pandey, S. Revolutionizing Crisis Response: Cutting-Edge Strategies for Building Organizational Resilience. Preprints2024, 2024091503. https://doi.org/10.20944/preprints202409.1503.v1
Tomar, P.; Srivastava, S.; Pandey, S. Revolutionizing Crisis Response: Cutting-Edge Strategies for Building Organizational Resilience. Preprints 2024, 2024091503. https://doi.org/10.20944/preprints202409.1503.v1
Tomar, P.; Srivastava, S.; Pandey, S. Revolutionizing Crisis Response: Cutting-Edge Strategies for Building Organizational Resilience. Preprints2024, 2024091503. https://doi.org/10.20944/preprints202409.1503.v1
APA Style
Tomar, P., Srivastava, S., & Pandey, S. (2024). Revolutionizing Crisis Response: Cutting-Edge Strategies for Building Organizational Resilience. Preprints. https://doi.org/10.20944/preprints202409.1503.v1
Chicago/Turabian Style
Tomar, P., Supriya Srivastava and Sadanand Pandey. 2024 "Revolutionizing Crisis Response: Cutting-Edge Strategies for Building Organizational Resilience" Preprints. https://doi.org/10.20944/preprints202409.1503.v1
Abstract
Crisis management is essential for businesses to effectively respond to, recover from, and mitigate the effects of unexpected disruptions. This study investigates factors influencing organizational resilience in Himachal Pradesh's pharmaceutical sector (India), focusing on crisis management techniques. The primary goal is to identify key components that support resilience in this industry. Data were collected using structured online and offline questionnaires, yielding 483 valid responses from a sample size of 500 across six pharmaceutical companies. Factor analysis with SPSS software identified three crucial components: "Innovations and Employee Engagement," "Organizational Resources," and "Organizational Culture and Values." Innovations and Employee Engagement" highlight the importance of fostering a creative environment where employees feel empowered to take initiative during crises. "Organizational Resources" underscore the critical role of adequate infrastructure, financial resources, and technological advancements in building resilience. "Organizational Culture and Values" emphasize the importance of shared standards, values, and beliefs in promoting cohesion and unity during adversity. By prioritizing these elements, pharmaceutical companies in Himachal Pradesh can enhance their crisis response capabilities and foster a resilient organizational culture. Implementing these insights through targeted strategies can ensure long-term viability and improve preparedness for future crises.
Keywords
Innovations and Employee Engagement; Organizational Resources; Organizational Culture and Values; Organizational Resilience; Crisis Management; Pharmaceutical Industries
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
