Dynamic Capabilities and Crisis Management: The contribution of risk management in the management of the COVID 19 crisis

ABSTRACT

Especially in crisis situations such as the COVID 19 pandemic, the question emerges how risk management contributes to crisis management. Preconditions for an effective crisis management are an early risk identification and a quick risk intake. So far there is hardly any empirical evidence which risk management activities contribute to crisis management and in how far these activities can be understood as dynamic capabilities. Based on a content-analysis of 28 interviews with German and Swiss risk managers, the results indicate a heterogenous level of contribution. In addition, questions concerning the differentiation between risk management, crisis management and business continuity management arise.