How To Manage Crisis Effectively.
As a visionary leader, it is important to recognize that crises are certain and have the potential to create chaos. But, the way you respond to a crisis can determine the success or failure of your organization. In the midst of a crisis, you as a leader must be able to think creatively and make quick decisions while remaining calm. Here are some ways on how to manage a crisis effectively. Way #1. Develop a crisis management plan. It is vital to have a well-developed crisis management plan in place before a crisis occurs. This plan should include crucial contact information, policies and procedures, and guidelines for communicating with stakeholders. According to a study by Deloitte, companies that have crisis management plans in place experience 50% less damage to their reputation compared to those without plans. Way #2. Communicate effectively. Crisis communication is essential. As a Leader you must be honest, transparent, and empathetic in your commu...