Review:
Crisis Management
overall review score: 4.5
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score is between 0 and 5
Crisis management is the process by which an organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders.
Key Features
- Identification of potential risks
- Preparation of response plans
- Communication strategies
- Decision-making under pressure
- Monitoring and evaluation
Pros
- Helps organizations navigate through difficult times
- Minimizes negative impact on reputation
- Improves decision-making processes
Cons
- Can be stressful and require quick thinking
- Not all crises can be completely avoided