Crisis Management Involves Identifying Aspects of a Business That Require Changes in Organization

question 168

Short Answer

Crisis management involves
identifying aspects of a business that require changes in organization in three to five years' time.
identifying aspects of a business or its environment that might entail changes in strategy.
ensuring that all the employees know what to do in an emergency.
knowing how to contain a crisis, should one happen.
an organization's methods for dealing with emergencies.

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Definitions:

Unsecured Liabilities

Debts or obligations that do not have specific assets pledged as collateral in case of default.

Federal Income Taxes

Taxes levied by the national government on annual income earned by individuals, corporations, trusts, and other legal entities.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts.

Financial Affairs

The management and analysis of money, investments, and other financial instruments by individuals or entities.