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Evolution of a Crisis: the Crisis Curve

  • Tom Curtin
  • Daniel Hayman
  • Naomi Husein

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Tom Curtin 2005

Authors and Affiliations

  • Tom Curtin
  • Daniel Hayman
  • Naomi Husein

There are no affiliations available

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