Crisis Management Planning - by Ravi Patel

 

 

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.

 

 

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