2. There are five stages of crisis response.
Three bottom lines are widely acknowledged as being critically necessary for all leaders to consider. The triple bottom line paradigm is used to describe this. It entails a duty to care for people, the environment, and then profits.
This is right, however, to appropriately handle these obligations, we must add a fourth bottom line. Well-prepared leadership. With this in mind, the authors have defined five crisis management phases that are essential for becoming a prepared leader.
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They say that there are only two certainties in life: death and taxes. In the corporate world, however, there is a third certainty. Is there a crisis? Indeed, the worst of the COVID-19 situation may be passed for some of us. However, you would be correct in assuming that another catastrophe is on the horizon. It might be a local issue. It might be worldwide. In any event, it is a catastrophe that you can predict and prepare for if you have the necessary abilities. Erica H James and Lynn Perry Wootton are the authors of this book. The prepared leader “Emerges from any crisis more resilient than
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