CRISIS AND INSOLVENCY MANAGEMENT
A crisis is a situation or occurrence of an event that affects the business negatively and if not managed in a proper way may lead to serious negative consequences. With the growing global business and complexities, the business environment has become highly volatile and uncertain. This has essentially arisen the need to have a proper crisis management policy in place.
Crisis management is identifying a threat to an organization and its stakeholders in order to respond effectively to the threat. Due to the unpredictability of global events, many modern organizations attempt to identify potential crises before they occur in order to sketch out plans to deal with them. When and if a crisis occurs, the organization must be able to drastically change its course in order to survive.
Crisis can arise in an organization due to any of the following reasons:
- A crisis results from technological failure and mechanical breakdown. Problems with the internet, software corruption, and password issues all contribute to a crisis.
- When employees disagree with one another and fight amongst themselves, a crisis occurs. Boycotts, lengthy strikes, disagreements, and other events can lead to a crisis.
- Workplace violence, theft, and terrorism arise in organisational problems.
- Ignoring little concerns in the beginning can escalate to bigger difficulties and an atmosphere of uncertainty at work. Management must have complete control over its staff and should not take their jobs lightly.
- Bribes, frauds, data tampering, and information tampering are all illegal practises that contribute to organisational disasters.
- When an organisation fails to pay its creditors and declares itself bankrupt, a crisis occurs.
Crisis Management
The art of dealing with sudden and unexpected events which disturb the employees, organization as well as external clients refers to Crisis Management. A crisis is a situation or occurrence of an event that affects the business negatively and if not managed in a proper way may lead to serious negative consequences. With the growing global business and complexities, the business environment has become highly volatile and uncertain. This has essentially arisen the need to have a proper crisis management policy in place.
Crisis management is identifying a threat to an organization and its stakeholders in order to respond effectively to the threat. Due to the unpredictability of global events, many modern organizations attempt to identify potential crises before they occur in order to sketch out plans to deal with them. When and if a crisis occurs, the organization must be able to drastically change its course in order to survive. Therefore such a process of handling unexpected and sudden changes in organizational culture is called crisis management.
Need for Crisis Management
- Crisis Management prepares individuals to face unexpected developments and adverse conditions in the organization with courage and determination.
- Employees adjust well to the sudden changes in the organization.
- Employees can understand and analyze the causes of the crisis and cope with it in the best possible way.
- Crisis Management helps the managers to devise strategies to come out of uncertain conditions and also decide on the future course of action.
- Crisis Management helps the managers to feel the early signs of crisis, warn the employees against the aftermaths and take necessary precautions for the same.
Essential Features of Crisis Management
- Crisis Management includes activities and processes which help the managers as well as employees to analyze and understand events that might lead to crisis and uncertainty in the organization.
- Crisis Management enables the managers and employees to respond effectively to changes in the organization's culture.
- It consists of effective coordination amongst the departments to overcome emergency situations.
- Employees at the time of crisis must communicate effectively with each other and try their level best to overcome tough times. Points to keep in mind during a crisis
- Don’t panic or spread rumors around. Be patient.
- At the time of crisis, the management should be in regular touch with the employees, external clients, stakeholders as well as the media.
- Avoid being too rigid. One should adapt well to changes and new situations
How White Code Legal Help?
With our trained professional team, we help anticipate and react to crisis;
- Strategic analysis in order to enhance organizational performance in Crisis.
- Developing Plans, Policies, Standards, Toolkits to Crisis response.
- Crisis Management Training and Development Programme.
- Creating highly interactive coaching and training sessions.
- Technical Crisis Management.
- Crisis management coverage
- monitoring, Live crisis response support.
- Business continuity plan in case of crisis
- Crisis communication mechanisms
- Creating an effective control system to deal with the Post-Crisis Scenario.
Service Delivery Process followed by White Code Legal:
- The Client has to register themselves on our website.
- Once the Client is registered, we raise a Service Request.
- The Client receives a proforma invoice with an option to confirm and pay now or pay later.
- Once the Client confirms, our dedicated relationship manager liaisons with our experts, and clients share a list of client information required to deliver the service.
- Once we receive the information, we take the required steps to deliver the service and the service request is closed.
Service Inclusions
Service Exclusions
- GST, Government Fee, and other Additional Taxes
Why White Code Legal?
At White Code Legal we prioritize and always strive to deliver excellence. Keeping a focus on maintaining affordable prices and delivering 100% client satisfaction we aim to make worth every penny our clients spend with us and build a lasting relationship with them.
