5.7 Crisis management & contingency planning
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Last updated 4:59 PM on 8/2/22
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8 Terms
1
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Contingency planning
________: preparing the immediate steps to be taken by an organization in the event of a crisis or emergency.
2
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Crisis management
________: steps taken by an organization to limit the damage from a significant, damaging event by handling, containing and resolving it.
3
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Contingency planning
preparing the immediate steps to be taken by an organization in the event of a crisis or emergency
4
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Crisis management
steps taken by an organization to limit the damage from a significant, damaging event by handling, containing and resolving it
5
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This means being honest and open about the crisis, its causes
and consequences and what the organization intends to do in response to it
6
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Contingency planning
Preparing the immediate steps to be taken by an organization in the event of a crisis or emergency
7
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Crisis management
Steps taken by an organization to limit the damage from a significant, damaging event by handling, containing and resolving it
8
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Identify the potential disasters; assess the likelihood of these occurring; minimize the potential impact of crises; plan for continued operations of the business
4 steps in contingency planning
