A quintessential example of a corporate crisis is the case of the Enron Corporation, which collapsed in the early 2000s over a scandal that started with falsified accounting. Planning helps a company contain and mitigate the negative effects of a crisis, which can include damage to reputation, loss of operations, and legal or regulatory trouble. Cyber crime, natural disasters, viral social media, and leadership misconduct also featured prominently on the list. These crises fell into almost 20 different categories, the most common being a financial or liquidity-related crisis, a technology failure, and an operations failure. In 2019, consulting company PwC interviewed more than 2,000 senior executives around the world and found that 69 percent had experienced at least one corporate crisis in the last five years in fact, these executives experienced an average of three crises during that same time period. Moreover, the exercise of creating a plan helps you to identify threats, minimize their likelihood, and improve the response.Ī strong crisis management plan is also essential because emergencies and disasters are more common than many people realize. In the wake of a crisis, a plan keeps employees focused on an organization’s top priorities and combats fear and uncertainty that can compound the damage. Taking swift, constructive action may be the key to your organization’s survival. Having a crisis management plan is critical because, without one, people under stress may make poor decisions and may unintentionally extend or worsen a crisis. WorkApps Package your entire business program or project into a WorkApp in minutes.Digital asset management Manage and distribute assets, and see how they perform.Resource management Find the best project team and forecast resourcing needs.Intelligent workflows Automate business processes across systems.Governance & administration Configure and manage global controls and settings.Streamlined business apps Build easy-to-navigate business apps in minutes.Integrations Work smarter and more efficiently by sharing information across platforms.Secure request management Streamline requests, process ticketing, and more.Process management at scale Deliver consistent projects and processes at scale.Content management Organize, manage, and review content production.Workflow automation Quickly automate repetitive tasks and processes. ![]() Team collaboration Connect everyone on one collaborative platform.Smartsheet platform Learn how the Smartsheet platform for dynamic work offers a robust set of capabilities to empower everyone to manage projects, automate workflows, and rapidly build solutions at scale.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |