Convincing Top Management
About The Need for Crisis Management
Crisis management
is a subject that most top executives do not want to think about,
much less discuss.
Yet there often is a need to point out how the direct and indirect
costs from business crisis events can be reduced substantially by
having an effective crisis management program. If you are faced with
that challenge, the ICM Crisis Database can be very useful in illustrating
relevant business crisis trends with examples of newsworthy crisis
situations that have damaged similar organizations in your
business or region.
For companies,
non-profit organizations or government agencies, the data and graphs
can help to get top management's attention and focus their thinking
on the specific crisis vulnerabilities in their industry. The information
from the ICM Crisis Database also can provide a much more accurate
assessment of the potential financial damage from a smoldering crisis
that has not yet gone "public."
For both consultants
and corporate managers, graphs and specific examples from the ICM
Crisis Database can be the basis for a highly persuasive presentation
when budgets are being presented or provide useful intelligence for
strategic planning to prevent potential crisis situations or minimize
the damage when they cannot be avoided.
The graphs will
send a clear message about the crisis trends in a specific business
or industry (in this case chemicals), but the message can be reinforced
by including an assortment of hir-raising headlines that mention companies
and competitors your top management knows all too well.
Sample Crisis Headlines: The Chemical Industry
Allied Signal
begins formal takeover moves; AMP criticizes suitor's actions |
Class-action
shareholder suit targets Amgen |
Astra
USA settles harassment suit; to pay $9.9 million |
3,000
evacuated from mile around Maysville Ohio's chemical plant fire;
river, rail and road traffic at standstill for hours |
Chattem
Inc. recalls Bullfrog SPF 18 product because of mistake in labeling |
Row
over ousting of Cortec's CEO |
Contaminated
eye cream recall |
Fire
disaster averted Chemicals at Cargill burn; $2.6M damage |
Animosity
runs deep at Crown Central; labor strife stands
out among peace elsewhere |
Curative
Under Fire; Cited for transport, other violations by FDA |
DepoTech
fires 29 employees; President quits |
High
court says DuPont must pay fine for hiding info |
Jury
awards $760 million in workers' suit on chemicals. |
| Drug
maker suffers another scandal headache. |
| Whistle-Blower
Gets Millions In Hercules Case |
| Acne
drug may cause depression |
The question
will be in the minds of our top management, but you can reinforce
it . . . How would we have handled any of these crisis situations
if it had been our business instead of theirs. And what are we doing
to make sure we're ready to handle problems like this if they do hit
our organization.
If you will want
to convince top management of the crisis vulnerabilities in their
area of business and highlight the crisis management services you
can provide, or recommend what actions need to be taken. ICM can help
you drive your points home with the same kinds of crisis trend graphs
and hair-raising headlines from the most recent year.
Development of
the data, hair-raising headlines and crisis trend graphs takes three
work-days.
Call for price information. |