Bankruptcy – neither disgrace nor disgrace?

Perspectives and views on the “world of crisis” Just as nature shows us cyclical phases of renewal, we in business must never make the mistake of viewing positive corporate eras as eternal. It is in the nature of things that renewal is also necessary in companies. What is crucial, however, is when and under what urgency it needs to be renewed. We usually speak of a “crisis” when the depth of change required is very deep or the speed of change must be very high. People tolerate the gradual deterioration.