<< Read Full Article

How to Save Face in a Crisis

 

This article was written by Mark Nowlan of Entrepreneur.com

Crises come in all shapes and sizes, from national crises that impact all types of organizations to industry-specific crises. Whatever the type, the way in which you manage a crisis can have a long-lasting effect on your business.

So what's a small business to do to manage a crisis effectively, especially considering they're not always predictable? Actually, you can anticipate far more than you think. A little forethought and planning can make even the worst crisis more manageable and improve your chances of successful recovery. The key is maintaining control.

Pre-Planning

Long before a crisis ever occurs, there are several steps you can take to ensure that you're ready to react at a moment's notice. To start, establish a crisis communication team. If you're a larger business, this team should consist of senior management, legal and communications advisors.

For smaller businesses, this "team" may simply consist of yourself and a PR advisor and lawyer you've established a relationship with and can call on at a moment's notice. These individuals will be responsible for creating and executing the crisis response and managing the situation as it unfolds. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,464.40 1,110.63 2,176.05 32.12
Oil *
75.29
UP
30.69
UP
4.98
UP
6.87
DOWN
0.67
10 Yr
3.21%
SPDR Gold
116.62
+0.29%
+0.45%
+0.32%
-2.04%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services