New Horizons in Management series
Chapter 5: The individual and organizational costs of stress
It was clearly evident from the conclusion of Chapter 4 that the psychological implications of this economic crisis are immense and full recovery is now questionable in the imminent future. From the generic framework that was portrayed in Chapter 4, one can see that given our current times in a changing and turbulent world, the challenges of today are unique, having not been seen in recent years, and following the financial crisis which commenced in 2008, our world economies have collapsed like a falling house of cards. Chapter 4 thus gave a framework for the reader to absorb, from which it should now be crystal clear that the occupational stressors of the twenty-first century are touching the lives of most citizens and organizations around the three major pillars of the global system: Europe, China and the United States. Exactly how severely this evolving economic crisis may be affecting each society is beyond the assessment of the authors of this book; however, what can be asserted is that individuals and organizations are paying dearly, both physically and psychologically, for the new stressors of our times.
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