The steps to take immediately after a crisis has occurred include: 1. Assess the situation and understand the severity of the crisis. 2. Communicate with your team and stakeholders about the crisis. 3. Implement your crisis management plan. 4. Monitor the situation closely and adjust your plan as necessary. 5. After the crisis, evaluate the response and update your crisis management plan for future incidents.
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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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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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