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Some examples of internal factors that can cause a business crisis include financial mismanagement, operational inefficiencies, poor leadership, lack of strategic direction, employee misconduct, or a breakdown in internal communication. These factors can disrupt the normal functioning of the business and lead to a crisis if not addressed promptly.
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A crisis in business is an event that can potentially put a venture's success and health at risk by affecting operations, finance, staff or company's reputation. It can be caused by internal or external factors and because business crises are common and can be quite acute, it is crucial to have a plan for crisis management.
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In face of uncertainty and disruption, use our COVID-19 Crisis Management deck to undertake the current challenges of your business, develop recovery ...
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