How the “perfect storm” influences on modern economy and management

Abstract

It took only a few months of the new 2020, and the world has already changed beyond recognition. One after another, events that no one could have predicted follow, and together they add up to the so-called “perfect storm”. The Cambridge English Dictionary defines this phenomenon as “an extremely bad situation in which many bad things happen at the same time” [1]. The Oxford English Dictionary has published references for "perfect storm" going back to 1718, but the first use of the expression comes from the issue about the meteorological circumstances in Texas in 1936.