Crisis Management

CRISIS MANAGEMENT

The process of handling a high-impact event characterized by ambiguity and the need for swift action.

CRISIS MANAGEMENT STAGES

1. Prodromal Stage

Warning signs and symptoms may occur.

CRISIS MANAGEMENT STAGES

2. Acute Stage

Crisis occurs.

CRISIS MANAGEMENT STAGES

3. Chronic Stage

Ongoing crisis requires explanation and decision making.

CRISIS MANAGEMENT STAGES

4. Resolution

Success and failure outcomes for organization and stakeholders.

LEGAL, REGULATORY AND POLITICAL ISSUES

Government regulations and laws are necessary to provide equal business opportunities for all organizations and encourages growth and fair competition.

GOVERNMENT’S INFLUENCE ON BUSINESS

Laws derived from the Philippine Constitution and Bill of Rights influence business.

Corporation - Artificial being created by operation of law,

Right of succession

Powers, Attributes, and Properties expressly authorized by law or incident to its existence

RATIONALE FOR REGULATION

Preventing trusts and monopolies from using their market dominance to negatively manipulate output, pricing and quality.

Eliminating unfair competition and anti-competitive practices.

Supporting environmental initiatives, equality in the workplace and product safety.

Protecting consumers and business in e-commerce activities.

LAW ENFORCEMENT AGENCIES AFFECTING BUSINESS

Department of Trade and Industry.

Securities and Exchange Commission.

Department of Labor and Employment.