Crisis Management

By: A Staff Writer

Updated on: Jul 19, 2024

Weathering the Storm

Every business faces crises. How you prepare makes all the difference.

• Have a Plan: Don’t wait for disaster. Craft a crisis management plan in advance.
• Identify Risks: Proactively analyze potential threats to your operations, reputation, etc.
• Communication is Key: Have designated spokespeople, draft pre-approved holding statements.
• Speed Matters: Rapid, transparent response minimizes damage and builds trust.
• Seek Outside Help: PR firms, lawyers, etc., may be essential depending on the crisis.
• Post-Crisis Review: Analyze what went right, what went wrong, and improve your plan.

Being crisis-ready means you survive the unexpected, even turning it into an opportunity.