These responses include crisis management, diversification of energy sources, collaboration between stakeholders, the development of robust governance frameworks, and investment in technology and cybersecurity measures. By adopting strategic adaptive responses, organizations can increase their resilience, ensure continuity of energy supply, and contribute to a more sustainable and secure energy future.
Published in Chapter:
Strategic Adaptive Responses to Energy Crises From an Organizational Resilience Perspective
Copyright: © 2023
|Pages: 26
DOI: 10.4018/979-8-3693-0400-6.ch014
Abstract
Energy crises have emerged as one of the most pressing and complex global challenges. As the world becomes increasingly interconnected and reliant on energy for its day-to-day operations, the repercussions of these crises are felt across societies, economies, and the natural environment. Disruptions in energy supply, fluctuating prices, and overreliance on finite and non-renewable resources demand urgent and proactive measures. In this context, strategic adaptive responses play a pivotal role in enabling organizations to navigate these challenges successfully and enhance their overall resilience. Effective crisis management constitutes a cornerstone of strategic adaptive responses to energy crises.