A Weber Shandwick and KRC Research study found that executives attribute 63% of their company’s value to its reputation. Reputation risk also ranks high in the list of strategic risks for a company. Usually, all the functions and resources parked for addressing threats to a company’s reputation or brand image are isolated. However, to implement […]
In 2007, Nassim Nicholas Taleb authored a book titled ‘The Black Swan: The Impact of the Highly Improbable.’ In that book, he talks about the impact of events that are so rare and unpredictable that they could be outlier elements. The book discusses how humans tend to find simplistic explanations after the event in an […]
Management of crises requires strong organisational leadership to effectively coordinate various processes, internal and external communication channels, and rally leaders at various positions for strategic crisis management. Every crisis requires a tailor-made solution that is managed less and led more. But a crisis can present itself as more than an operational or a strategic one. […]
Traditional lines of communication get thrown out the window in times of a crisis. Coronavirus-induced pandemic has exposed systemic fallibilities that now threaten to culminate in the worst economic crisis since the Great Depression between 1929-30. Globally, as investors rush to find safety and liquidity, the tightening financial conditions expose several vulnerabilities. In these times, […]