10 commandments of successfully managing a business crisis
Uncertainty and entrepreneurship go hand-in-hand. The one certainty that every enterprise owner can count on is they will experience a crisis in some manner, form or shape that impacts their business. A general definition of a crisis is an internal or external event, or series of events, which have the potential to negatively affect the organization or key players. The variety of crises that can adversely impact business continuity are legion and can include trigger events such as: natural disasters; socio-economic shifts; criminal acts by the company or against it; regulatory or government engagement; labor or personnel challenges; product safety issues; cyber attacks as well as any other number of potential problems that can arise.
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