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Understanding Crisis Management for Businesses

Bernstein Crisis Management

Crisis management refers to the identification, assessment, understanding, and mitigation of significant negative events. It involves preparing for potential crises through strategic planning and response protocols to protect an organization’s stakeholders, reputation, and assets.

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

Pure Storage

When a regional storm makes travel difficult and causes short-term power outages, for example, an effective business continuity plan will have already laid out the potential impact, measures to mitigate associated problems, and a strategy for communicating with employees, vendors, customers, and other stakeholders.

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How Keeping Track of Microsoft’s Product Plans Can Keep Your Network Secure

LAN Infotech

Even businesses and organizations with a cyber incident response plan on paper will find that an actual attack often unfolds quite differently than it does in scenario planning sessions. And while you may be quick to respond and mitigate the damage, you won’t always be lucky.

Audit 98
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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. Previously, a massive volcano eruption had occurred nearby. Doctrinal Framework.

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

Risk Management Monitor

Most organizations do not connect resilience planning with their long-term investment strategy. Those that do make the connection are on the path to better mitigating financial exposure, reputational damage, business interruption, and other losses. Doing so increases the ability to develop effective responses.

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The Future of Business Continuity: Innovations and Emerging Technologies

Erwood Group

Application: Predictive analytics enables organizations to rapidly assess risks and proactively implement measures to mitigate the impact of potential disruptions. AR for Simulation and Scenario Planning: Current Use: Some crisis management training incorporates simulation, and AR could enhance the realism of these exercises.

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Operationalizing resilience for your organization

everbridge

By identifying alternative strategies and diversifying supply chains or business partners, organizations can mitigate risks and maintain operational continuity even amidst uncertainty. Scenario Planning : Developing scenarios based on potential risks and their impacts.