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Crisis management (Dealing with crisis (1.Work out an action plan to…
Crisis management
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Handling crisis
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3.Resolving the crisis (figuring out what the cause is, whether the problem is internal or external).
4.The recovery phase. (Reintroducing the product or recovering from the storm that damaged the stores).
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6.Rebuilding the reputation. Restoring the confidence of the customers, stakeholders, employees.
Preparation for a crisis
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- To prepare a contingency plan.
Investment
1.Business investment (purchasing the assets of business ventures in the form of stocks or bonds with a hope of getting returns and interest in the future).
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3.Ethical investments. Investments that are made in companies that make a positive contribution to the world and are kind to the environment.