Crisis Management Leading Through Uncertain Times

When times are uncertain, whether because of human actions or natural catastrophes, executives face challenges that can be managed best by advance planning and preparation. While September 11 was catastrophic, many other events have significant effects on businesses. The Northridge earthquake in Sou...

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Bibliographic Details
Published inThe Journal of business strategy Vol. 23; no. 2; pp. 10 - 11
Main Authors Gage, Thomas E., Reinoso, Victor A.
Format Journal Article
LanguageEnglish
Published 01.02.2002
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Summary:When times are uncertain, whether because of human actions or natural catastrophes, executives face challenges that can be managed best by advance planning and preparation. While September 11 was catastrophic, many other events have significant effects on businesses. The Northridge earthquake in Southern California in 1994 resulted in total business and residential insurance claims of $12.5 billion and an estimated total cost of almost twice that. Hurricane Andrew's insurance claims totaled $15.5 billion. And even a significant economic downturn causes sustained, if not direct physical, damage to businesses. Companies that prepare for uncertain times fare significantly better than those that do not.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0275-6668
DOI:10.1108/eb040229