Journal of Finance and Marketing

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Journal of Finance and Marketing 44 7897 074717

Crisis-Management-impact-factor

Crisis management is a situation-based management system which includes organisational requirements company-wide. The response includes action Crisis prevention, crisis assessment, crisis handling and crisis termination. Crisis management is to be well prepared for crisis, ensuring a rapid and adequate response to the crisis, maintaining clear lines of reporting and communication in the event of crisis and agreeing rules for crisis termination.  A crises mindset requires ability to think of the worst-case scenario. Trial and error is the first line of defense which may not work. It is necessary to maintain a list of plans and on alert. Organizations and individuals should be prepared.

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