Crisis Management Planning

Crisis events never happen at an opportune time. They always happen when we are the least prepared.

It behooves Entrepreneurs to think ahead and develop with their management team a Crisis Management Plan. Such a plan should anticipate events that could result in a crisis or crises; develop alternate scenarios to respond to such situations; designate key personnel to manage different options; and conduct training and practice sessions to rehearse potential responsive actions.

While hindsight is often accurate, it is  ususally too late. A little foresight can mean the difference between success and failure.

Ravi Patel

www.patelCFOservices.com

Advertisements

The URI to TrackBack this entry is: https://bloggerravi.wordpress.com/2009/04/09/crisis-management-planning/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: