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Crisis Management Explained: A Comprehensive Guide

Bernstein Crisis Management

Pre-Crisis The pre-crisis stage involves identifying potential crises, assessing their likelihood and potential impact, and developing strategies to prevent, mitigate, or prepare for them. Externally Caused Crises These crises are triggered by external forces beyond the organization’s control.

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Ensuring Operational Resilience Amidst Geopolitical Events

Fusion Risk Management

These events – whether civil or political unrest, trade disputes, economic sanctions, pandemics, or natural disasters – can have far-reaching implications on an organization’s employees, business operations, vendors and supply chain, and customers.

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Business Continuity vs Disaster Recovery: What’s the Difference?

NexusTek

Unexpected downtime can be caused by a variety of issues, such as power outages, weather emergencies, cyberattacks, software and equipment failures, pandemics, civil unrest, and human error. The terms “business continuity plan” and “disaster recovery” are often used interchangeably, but they do represent distinct processes and solutions.

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Sensing the Tremors of Disruption

Fusion Risk Management

Pandemics were on national risk registers and scenario exercised with national agencies in the UK and US just a couple of years prior; Russia annexed Crimea in 2014, setting itself up to be able to effectively target a resource rich Ukraine; and in borrowing so much during lockdown, we couldn’t avoid a state of rising inflation this year.

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The Colonial Pipeline Hack: Failure in Risk Management

LogisManager

Having evidence of an effective ERM Program that includes business continuity planning, such as having back-ups that are secure and regularly tested, not only minimizes downtime, but shows that you took action to prepare for a damaging incident like a demandware attack. About the Author: Steven Minksy. Data Governance.