The current corona crisis and the actions to fight it are probably the biggest threat to the world economy since World War II. Governments and central banks are flooding the markets with liquidity. However, if companies immediately lose customers many will go bankrupt. Hence, managers always work on solutions to prepare their businesses for unexpected events like the corona pandemic. Professor Dr Matthias Mahlendorf, Professor for Managerial Accounting as well as academic director of the Master in Corporate Performance and Restructuring at Frankfurt School of Finance & Management, examines if and how enterprises can be prepared for crises.
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