Risk and Crisis Management

Overview

Risk and Crisis Management is a way to deal with threats to organizations. The risk could be in a potential activity or event that can be really harmful for the organization affecting its finances, revenues, reputation, and market position thereby affecting its capacity to deliver services to a great extent. In the same manner Crisis in a form of an unforeseen example can again shiver the whole organization structure. Risk management, essentially, is crisis prevention. It is like identifying and evaluating potential risks and vulnerabilities in the organization. The continuity of evaluating these risks will help mitigate the possibility of a crisis situation arising. Every Industry will face a different set of risks; therefore, it is important to be aware of which are relevant to your organization.