Crisis Management Vs. Risk Management - Deepstash
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Crisis Management Vs. Risk Management

Crisis management is not necessarily the same thing as risk management. Risk management involves planning for events that might occur in the future, crisis management involves reacting to negative events during and after they have occurred.

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Crisis Management

Crisis management refers to the identification of a threat to an organization and its stakeholders in order to mount an effective response to it.

Due to the unpredictability of global events, many modern organizations attempt to identify potential crises before they occ...

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Types of Crises

A crisis can either be self-inflicted or caused by external forces.

  • Examples of external forces that could affect an organization’s operations include natural disasters, security breaches, or false rumors that hurt a business's reputation.
  • Self-inflicted crise...

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Mitigating Risk Management

Mitigating Risk Management

Mitigating reputational risk involves lessening the blow when a threat occurs, essentially getting out in front of the problem. 

Acknowledge that it is occuring and have your PR team create crisis messaging that will help your business explain what is happening

Midlife Crisis

Midlife Crisis

We are biologically programmed to have some sort of mental crisis in the age group of 45 to 55 (the midlife).

Just as bodily changes occur during puberty and the teen years, the mind undergoes developmental stages of adjustments, with functions switching on and then switching off at a ...

Guidelines For Managers

Top leaders and managers can benefit from these broad guidelines on risk-management issues:

  1. Companies in the same sector need not necessarily have the same hedging strategies.
  2. Companies can benefit from risk management strategies even if they don’t have any major investments...

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