Convincing Top Management About The Need for Crisis Management

Crisis management is a subject that most top executives do not want to think about, much less discuss. Yet there often is a need to point out how the direct and indirect costs from business crisis events can be reduced substantially by having an effective crisis management program. If you are faced with that challenge, the ICM Crisis Database can be very useful in illustrating relevant business crisis trends with examples of newsworthy crisis situations that have damaged similar organizations in your business or region.

The graphs below are the most current data on all negative news coverage, in 16 broad crisis categories, from 1,500 business print publications from around the world. However, ICM can your SIC code, or industry type, and run our data base, usually for the preceding 10-year period, and give you the same kind of data just for your kind of organization.

For companies, non-profit organizations or government agencies, the data and graphs can help to get top management's attention and focus their thinking on the specific crisis vulnerabilities in their industry. The information from the ICM Crisis Database also can provide a much more accurate assessment of the potential financial damage from a smoldering crisis that has not yet gone "public."

For both consultants and corporate managers, graphs and specific examples from the ICM Crisis Database can be the basis for a highly persuasive presentation when budgets are being presented or provide useful intelligence for strategic planning to prevent potential crisis situations or minimize the damage when they cannot be avoided.

The graphs will send a clear message about the crisis trends in a specific business or industry (in this case chemicals), but the message can be reinforced by including an assortment of hir-raising headlines that mention companies and competitors your top management knows all too well.

The question will be in the minds of our top management, but you can reinforce it . . . How would we have handled any of these crisis situations if it had been our business instead of theirs. And what are we doing to make sure we're ready to handle problems like this if they do hit our organization.

If you will want to convince top management of the crisis vulnerabilities in their area of business and highlight the crisis management services you can provide, or recommend what actions need to be taken. ICM can help you drive your points home with the same kinds of crisis trend graphs and hair-raising headlines from the most recent year.
Development of the data, hair-raising headlines and crisis trend graphs takes three work-days. Call for price information.