Decision Extract of the 24th NIOAIM Executives’ Meeting
Crises abound in the modern world — they can happen to any organization at any time. However, with some foresight and compassion, most crises can be properly navigated to make the best of a worst-case scenario.
Crisis management helps an organization and its stakeholders perceive threats and mitigate them with predetermined methods. It is equal parts diagnostic, vigilance, and action — often within a compressed timeline. Decisions have to be made quickly and definitively. But until the unforeseen — yet inevitable — crisis occurs, all you and your organization can do is plan ahead.