10 Global Scenarios to Consider for Crisis Management + Business Continuity Planning

By considering the types of crises you may face in your business, you can better prepare your response.

Share this post

The interconnectivity of the world-wide marketplace can affect continuity of operations far from the incident site. Through a Business Impact Analysis, companies with multinational locations can identify potential vulnerabilities to crisis situations, and establish procedures to improve business continuity efforts. A poorly managed situation can negatively affect a company’s reputation, business interests, and relationship with key regulators and partners.

Below are some crisis management situations that could affect business continuity for companies with multinational facilities. Business continuity plans should be developed for each of these threat scenarios that could likely cause significant damage to the business.

  1. Employee issues: Labor relations, workplace discrimination or harassment, health and safety
  2. Environmental Stewardship: Disparity in environmental standards (international, country, state, county) Facility, Site, Field and Transportation, Spills, Fires, Well blowouts, and Gas Releases
  3. Natural Disasters: Earthquake, Hurricane, Tornado, Flood, Tsunami
  4. Marketing: Pricing, Supply, Recalls, Deceptive Practices
  5. Security Breach: Computer System Intrusion, Catastrophic IT Failure, Facility Security, Civil unrest, Personal Security
  6. Corporate Governance: Mergers, Proxy Fight, Organizational Restructuring, Workforce Downsizing Plant Closings, Management Succession, Integrity of Financial Reporting
  7. Financial Performance: Earnings Shortfall, Reinstatement of Earnings, Stock prices decline
  8. Industry/Sector Issues: Supply disruptions, Punitive regulations
  9. Illegal Activity: Extortion, Bribery, Fraud, Malfeasance, Criminal Investigation
  10. Political/Social issues: Human Rights, Diversity, War, Political unrest, Economic disparity, Discrimination

With rapid access to the tools needed to carry out crisis management operations, such as an Incident Management System or a web-based Business Continuity Plan, companies can resolve crisis situations in a timely manner and get back to “Business as Usual” with limited impact to reputation and the financial bottom line.

Stay up to date. Sign Up for the Blog
Comments

More blog posts from Jensen Hughes


Fire Walls vs. Fire Partitions: Key Differences in Fire-Resistance Rated Wall Assemblies

Jun 28, 2021

Fire-resistance rated construction is a crucial component in safeguarding building occupants and their property from damage.

Read more
Using Biomechanics to Prevent Patient Falls in Hospitals

Jun 21, 2021

Injury biomechanics explores human motion and how bone and soft tissue react to and tolerate external forces.

Read more
RANSOMWARE: A CYBERSECURITY THREAT THAT AFFECTS ALL BUSINESSES

Jun 8, 2021

Strengthening cybersecurity defenses using best practices is essential to protecting all businesses from cyber attacks.

Read more