Crisis Management Flashcards

1
Q

What are major crisis types?

A

-Human Resource: loss of key personnel
-Informational: Information loss
-Physical: Key equipment/facility failure
-Psychopathic Acts: Terrorism, workplace violence
-Economics: labor issues
-Reputational: Lawsuits, rumors
-Natural Disasters: Hurricanes and Bird Flu

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2
Q

What’s the definition of a crisis?

A

A low probability, high consequence event

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3
Q

What are the five stages of a crisis?

A

Sleeper, big bang, lingering cloud, clean up & resolution, learning

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4
Q

What do crisis managers constantly ask themselves?

A

“What if…?”

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5
Q

What three things that if you fail to do in a crisis will lead to a management failure?

A

Anticipate, respond, and resolve

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