Asked by Cheng Tso Hsieh on Jun 25, 2024
Verified
Traditionally, crisis management was viewed negatively as
A) an executive reality check.
B) business as usual.
C) managerial firefighting.
D) concurrent control.
E) a variable cost.
Crisis Management
The method an organization employs to handle a sudden and unforeseen incident that poses a risk to the organization or its stakeholders.
Managerial Firefighting
The act of managers constantly dealing with crises and urgent problems rather than focusing on long-term planning and preventive measures.
Concurrent Control
A management method that involves monitoring and adjusting ongoing activities and processes to meet desired standards in real-time.
- Recognize the importance of crisis management in organizations.
Verified Answer
Learning Objectives
- Recognize the importance of crisis management in organizations.
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