Understanding Crisis Management and Risks
Crisis management, an important planning process, reached global importance with the industrial and environmental disasters of the 1980s. A crisis is a threat to the organization, includes an element of surprise, and requires the organization to respond in a short period of time. Even though there is an element of surprise, organizations can prepare for some measure of risk. Managing crises and risks are more relevant today as businesses deal with protecting data, utilizing ethical supply chains, manage cross-cultural communications, focus on producing safe products, and evaluate how to forestall man-made environmental disasters. COVID-19 is a crisis facing businesses, governments, and societies across the globe.Â Consider COVID-19 and the impact on businesses.Be sure that you accurately answer/cover the following in your analysis:
You should meet the following requirements:
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