Crisis Management

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In today’s highly interconnected global economy, organizations face a myriad of threats of internal and external disruptions to business operations. Some risks can be planned for, monitored, and mitigated; but other high-impact, hard-to-predict events are occurring more often. Is your organization fully prepared to respond to disruptions?

Crises or catastrophic events typically occur within a compressed period, have the potential to critically impact a company’s ability to achieve its mission, frequently result in significant financial or reputational loss, and almost always require an immediate cross-functional and cross-organizational response.

Due to the unpredictable nature of a crisis and the potential impact on an organization’s viability, it is important for organizations to prepare in advance for both a crisis and a response. We  assist member firm clients in answering these difficult questions:

• Are we prepared for a crisis?
• Do we understand all of our potential risks?
• Have we thought “outside the box” about our risks and responses?
• Do we have clear decision-making protocols and responsibilities?
• Do we have an appropriate response or responses documented?
• Do we have the right resources and advisors readily available in the event of a crisis?