Crisis Management Definition

Crisis Management is the identification of threats to an organization and their stakeholders, and the methods utilised by the organization to deal with these threats. As a result of unpredictability of international events, organizations must have the ability to cope with the possibility of drastic changes to the direction they conduct business. Crisis management typically requires decisions to get made within a short while frame, and often after a meeting has already occurred. In order to stop uncertainty in the eventuality of a crisis, organizations often develop a crisis management program.