Crisis Preparedness
Corporations are vulnerable to a crisis which can
hurt its business, damage consumer, investor and employee confidence
and in the worst cases, even threaten the very existence of the
company. The actions of a modern-day corporation are also subject
to intense scrutiny from a variety of interest groups and the media.
Corporate crisis can be precipitated by a variety
of situations including product defects or contamination as the
recent cases in India involving mineral water, cola and chocolates
brands have amply demonstrated. These crises have had crippling
effects on brand reputations and consumer confidence.
Crises can also result from disputes in industrial
relations, accidents, takeover bids, boardroom battles and family
separations, litigation, government investigations or force majeure
disasters.
The best strategy is to be prepared for potential
crisis situations. We work with our clients to assess their vulnerability
to different kids of crises, and their readiness to deal with the
crisis. We assist in creating crisis communication plans and procedures,
and create a crisis team to direct emergency response. We also provide
crisis communications training for identified client executives
using crisis simulation techniques.
Such preparedness can strengthen a company’s
defences and minimise the damage when a crisis does actually occur.
At Adfactors PR, we also advise on and implement monitoring mechanisms
that provide clients with early warning with regard to specific
issues with crisis potential. These programs can help a company
pre-empt or diffuse crisis issues before they escalate.
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