Crisis Management, Adapting your Corporate Structure and Business

Will not ship until [19041994]


  • Business model


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Crisis management is the process of managing and responding to a crisis. It is an important part of risk management, which can be defined as "the identification, assessment, and management of business risks". The process may include different types of activities such as monitoring and assessing a crisis situation, taking preventive actions to avoid or mitigate the impact of a crisis, or implementing an emergency plan. Some businesses have decided to adapt their corporate structure in order to better handle crises. In this case, they have created a new department that handles the entire process from start to finish. On the other hand, some businesses have decided that it is not worth creating another department just for handling crises because they are able to handle them well enough without it. Crisis management has evolved over time with new technologies and strategies.
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