Question: The article goes over strategic planning's essential function in efficiently resolving crises inside a variety companies. First, it emphasizes the reality that catastrophes are unavoidable

The article goes over strategic planning's essential function in efficiently resolving crises inside a variety companies. First, it emphasizes the reality that catastrophes are unavoidable and the significance of having a plan to manage them successfully. Each phase of a crisis is described in the article, including the prodromal, acute, and chronic stages. The prodromal crisis stage is the first stage of a crisis' development, marked by early warning signals or signals that indicate the onset of concerns or problems for a business. The acute crisis stage is characterized by an unexpected development of a crisis that necessitates quick assessment and swift reaction in the face of a significant occurrence or scenario. The chronic crisis stage is characterized by continuous and obvious indicators, requiring immediate intervention while a problem develops an ongoing and potentially increasing difficulties for a business. The article also addresses crisis resolution. Crisis resolution entails recognizing and responding to problems in multiple phases, with signs sometimes not clearly shown and offering possibilities for resolution. Ignoring or incorrect treatment of the problem may result in a chronic stage, posing major risks to the business. The approach tries to keep situations from getting worse by demanding a quick intervention when conditions become more severe. Finally, it highlights the value of expertise and proper involvement in crisis management (Kash, T. J., & Darling

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!