Group managing director, CMC Connect , Mr. Yomi-Badejo-Okusanya, noted that, crisis management was important to inspire business confidence, adding that, crisis happens all the time, most times, unannounced, hence, Its therefore important for organisations to take crisis action plan seriously.
Hence, he noted that, crisis management plan would provide strategic roadmap for crisis by employing a 3-step approach – Prepare, Manage and Recover to guarantee business sustainability, recovery and continuity in spite of any crisis. He further said: “crisis itself is not an end but could be taken advantage of if planned for. This is where your crisis preparedness comes in, requiring skills and expertise in managing and maintaining propriety in the middle of a storm.”
These are five risk management steps that organisations should think about as they defend themselves against the pandemic.
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