New Horizons in Management series
Chapter 8: Individual and societal wellbeing: an agenda for the future: post economic crisis
In the previous chapter we provided an overview of critical issues pertaining to organizational effectiveness and wellbeing at work. Our specific intention was not to describe or evaluate particular types of stress intervention techniques or programmes in detail, but rather we emphasized underlying issues that we believe are of paramount importance during this ongoing recessionary period. This book, however, would not be complete if we did not highlight individual coping strategies that can be utilized in societies that have been severely tarnished by this economic crisis. Indeed, and as we have shown throughout this book, organizational, societal and individual wellbeing go together and all parties therefore must take equal and full responsibility for prosperity to emerge and for post-recessionary periods to commence. Furthermore, it is believed that all types of stress management initiatives are a shared entity and therefore no particular party can take sole responsibility for the given stressors of our times. For the individual, however, coping involves many steps and procedures, although by and large we are referring to the emotional and practical solutions that can be utilized.
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