Higher education institutions (HEIs) all over the world are facing difficult times that are often labelled a crisis but could also—due to the complexity of the phenomena under discussion—be characterised as a polycrisis. We approach crisis in the context of higher education (HE) from a social constructivist perspective and from three angles: First, we focus on HEIs in crisis as the consequence of external factors, which impact the way how HEIs are able to perform and to fulfil their tasks. Second, we explore the concept of crisis as an endemic element within the HE environment. This perspective suggests that the underlying causes of the crisis are interwoven with the very logic of HE and research, exemplified by the prevailing notion of excellence. Third, we discuss the expectations towards HEIs in times of crises to provide solutions for current or upcoming crises. For each of these three angles, we examine the role of HE management. We then provide an overview of the chapters in this volume.