Evolution of a Crisis: the Crisis Curve

Tom Curtin, Daniel Hayman and Naomi Husein

Chapter Chapter 2 in Managing a Crisis, 2005, pp 10-17 from Palgrave Macmillan

Abstract: Abstract Most large companies, as part of their risk assessment, undertake an assessment of how likely it is that a particular crisis will hit them. It is an extremely valuable exercise and should be undertaken with due rigour. This exercise is outlined in Chapter 3. However, anyone who takes comfort that they now fully understand the total implications of a crisis is naive indeed. Certainly, one can look to many indicators, for example the vulnerability of the industry to environmental damage. However, these indicators are not, in themselves, totally reliable and some highly crisis-prone industries continue without a crisis for decades. When the management of crises goes badly wrong, it is usually because the corporation has either ignored or failed to recognise the significance of some of the indicators.

Keywords: Valuable Exercise; Security Staff; Shell Product; Water Cannon; Pyrrhic Victory (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50930-6_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230509306

DOI: 10.1057/9780230509306_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().