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What are different types of Crises to manage?

Home » Management » An Introduction to Crisis Management » What are different types of Crises to manage?

Crises come in several forms, classified loosely as:

Financial. This could be any crisis that reduces short-term liquidity or cash flow, or that leads to bankruptcy.

Public relations. �Any publicity is good publicity� might work in Hollywood, but in business, negative publicity can kill a company.

Strategic. When new technology or changes in the business world make it hard for a current product or service to remain viable, a strategic crisis might exist.

Natural disasters/physical threats. Fires, hurricanes, tornadoes, floods � any physical disaster could put the kibosh on your business, as well as such threats as terrorist activity, arson, and so on.

Specific examples of business crises include, but obviously are not limited to:

Examples would include:

� Sexual harassment allegations

� Extortion threat

� Security leak

� Lawsuits

� Discrimination allegations

� Employee threats

� Employee death or injury

� Strike or work stoppage

� Computer breach

� Security leak

� Employee scandal

� Terrorism or threat

� Protests

� Illegal employee behavior

� Equipment malfunctions

� Loss of key executive, whether to death or to another company or retirement

� Disruption of phone, Internet, or other services vital to business

� Chemical spill or leak

� OSHA violations

� Rumors that will damage company reputation

� Whistleblowing

� and so many more!

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