7 critical steps to crisis management

Before a crisis strikes, business owners should think about how a disaster would impact employees, customers, suppliers, the general public and their company’s value. A crisis can strike any company anytime, anywhere. Advanced planning is the key to survival. Daily headlines are filled with companies dealing with crisis. Is your company prepared? Just as BP […]

Financial crisis of 2007–08

The financial crisis of 2007–08, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s. It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but […]

Crisis

A crisis (from the Greek κρίσις – krisis;[1] plural: “crises”; adjectival form: “critical”) is any event that is, or is expected to lead to, an unstable and dangerous situation affecting an individual, group, community, or whole society. Crises are deemed to be negative changes in the security, economic, political, societal, or environmental affairs, especially when […]