Have you ever stopped to think of the many things that could go wrong for your company? Some crises are caused by acts of nature: a paralyzing blizzard, an earthquake, or a flood. Others stem from acts of human malice or criminal behavior. The sources of potential organizational crises are many.
By crafting a practical contingency strategy and tactical business continuity plan an organization can remedy or avoid the crisis. In order to achieve this, an organization must provide a framework of following critical components:
• Preparing for and avoiding crisis
• Recognizing crises when they happen
• Developing contingency plans
• Learning from past crises