Contingencies: Difference between revisions
Jump to navigation
Jump to search
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
== Define == | == Define == | ||
The term contingencies means a future event that cannot be foreseen or predicted for certain. | The term contingencies means a future event that cannot be foreseen or predicted for certain. For example, if something is left up to chance or something accidentally happens. | ||
Companies should follow contingency plans to minimize impact on operations. | Companies should follow contingency plans to minimize impact on operations. | ||
Revision as of 22:44, 4 March 2017
Define
The term contingencies means a future event that cannot be foreseen or predicted for certain. For example, if something is left up to chance or something accidentally happens.
Companies should follow contingency plans to minimize impact on operations.
Assessing a Situation
How to deal with a crisis: Always be monitoring, engage as human beings, focus on essentials, be consistent, open up, acknowledge and empathize.
How NOT to deal with a crisis: Be fake, stay silent, dismiss "internet" chatter, treat as isolated case, ignore critics, or try to cover up.
Steps to handling a crisis
1. Plan
2. Own
3. Monitor
4. Initiate
5. Integrate
References
http://www.dictionary.com/browse/contingencies https://www.slideshare.net/investoralist/social-media-contingency