A crisis in an organization is an unforeseen event caused by internal and external factors that endangers the organization's stability and requires immediate management.
A crisis in an organization or company can be defined as an event caused by internal and external factors that threaten the organization's health and continuity. It is not a cyclical occurrence but rather an unforeseen situation that can have significant consequences.
Crises can arise from various factors such as natural disasters, economic downturns, or organizational mismanagement. When a crisis occurs, it can lead to disruptions in operations, financial losses, and reputational damage.
Crises jeopardize the stability and performance of an organization, requiring swift and effective management strategies to mitigate the impact and safeguard the organization's interests and stakeholders.
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