MGT 630 CT 9 Understanding Crisis Management and Risks
MGT 630 CT 9 Understanding Crisis Management and Risks (100 points) Crisis management, an important planning process, reached global importance with the industrial and environmental disasters of the 1980s. A crisis is a threat to the organization, includes an element of surprise, and requires the organization to respond in a short period of time. Even though there is an element of surprise, organizations can prepare for some measure of risk. Managing crises and risks are more relevant today as businesses deal with protecting data, utilizing ethical supply chains, managing cross-cultural communications, focusing on producing safe products, and evaluating how to forestall man-made environmental disasters. COVID-19 is a crisis facing businesses, governments, and societies across the globe. Consider COVID-19 and the impact on businesses. Be sure that you accurately answer/cover the following in your analysis: Research the impact of COVID-19 on business organizations in Saudi Arabia and one other country of your choosing. From your research, what have been successful and unsuccessful examples of crisis management in both countries? How can your chosen country manage the crisis as it impacts supply chains, the privacy of data, cross-cultural communications, and the development of safe products (medical or otherwise)? What knowledge have you gained from your crisis management research that might be useful when considering ethical scandals?
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