article thumbnail

Understanding Crisis Management for Businesses

Bernstein Crisis Management

Maybe we should back it up and explain what we’re talking about when we say ‘crisis management’ first. Crisis management refers to the identification, assessment, understanding, and mitigation of significant negative events.

article thumbnail

RIMS Risk Forum India 2021: Building Resilience As COVID, Cyberrisk Top Business Risks

Risk Management Monitor

Marsh and RIMS explained these further, defining key pillars that have set successful businesses apart, and potentially also offering considerations for other organizations to develop more mature risk management programs: Anticipation: Resilient companies expect the unexpected. Doing so increases the ability to develop effective responses.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dynamic Risks: Working Definitions and Implications for Risk Management Teams

On Solve

As a director of Enterprise Risk Management, the author was planning for a large, new water project in Eastern Congo. As a result, our risk planning, mitigation and control activities followed suit, identifying the volcano as the greatest risk. Activation of the Crisis Management Team (CMT). Monitoring.

article thumbnail

The Future of Business Continuity: Innovations and Emerging Technologies

Erwood Group

Let’s explore the transformative role of innovations and emerging technologies in shaping the future of business continuity, along with crisis management and disaster recovery to enhance organizational resilience.