If a crisis hits a business, it can hurt the company's reputation, its operations, its finances, and/or its personnel. It can also have an adverse effect on the company's stock price. Internal and external factors are both capable of triggering a crisis in a company. Preparation is key when it comes to dealing with an emergency in the workplace, as these situations may be quite damaging to a company.

Becoming well-versed in crisis management can help you retain a professional image amongst customers, rivals, and staff alike. It is possible to avoid long-term damage to your company's reputation by putting together a crisis management team, thinking through the many stages of crisis, and putting together a crisis management strategy.

Starting now, begin developing your management plan and forging relationships with the individuals you'll need help from in the event of an emergency. In this video, we’ll go through understading of some core crisis management principles:

• What is Crisis Management and Importance of Crisis Management
• Crisis Management Example
• Need for crisis management
• Contribution to Crisis Management
• Types of Crisis | Types of Crisis Management
• Risk Management | Risk Management Strategies | Crisis Management
• Leadership in Crisis | Crisis Management and Leadership

In an endeavor to help you become the best at your job and grow as a professional, we’ve curated a complete program that not only includes practical lessons, and tips but also takes you through case studies in an engaging format. Check it out here: https://dtevolve.com/first-time-manager-bootcamp