Crisis and Organization Failure : Framework of Analysis and Case Studies in Financial Crisis and the Fukushima Nuclear Accident

Organization many times fails when an unforesseable crisis occurs. Why does organization fail under such circumstance and survive in others? We can learn hints of success from those failures. Much research in organizational studies dealing with organization failures under severe uncertainties has been conducted. In this article I introduce major previous studies and try to identify a framework that can be applied to explain organizational failures particularly during an unforesseable crisis. The recent Fukushima nuclear power plant accident as well as the financial crisis of 2008 is providing important research opportunities into why organizations are ill prepared and management failures leads to disastrous consequences for the economy. We need to develop new or revised theories to explain organizatonal failures during a crisis with more comprehensive case studies about the Fukushima nuclear accident