Consider these basic definitions from Webster’s Dictionary:
Crisis: A difficult or dangerous situation that needs serious attention
Risk: The possibility that something bad or unpleasant (such as an injury or a loss) will happen
Management: The act or skill of controlling and making decisions
Crisis and risk management are both involved with dealing with threats to an organization. Depending on the threats faced, an organization can mitigate or eliminate the threat by implementing a management program. Both crisis and risk management deal with threats, but risk management deals with threats before the event occurs and crisis management deals with a threat as it unfolds or after the event occurs. Some of the types of crises can include natural phenomena, malfunctioning equipment, human error, confrontation (strikes, boycotts, etc.), malevolence (intentional efforts to harm a company), and flawed leadership.
For this Case Assignment, answer the following:
Explain the difference between risk management and crisis management.
Discuss the “Tiered Response” concept (also known as “Locally Executed Response”) in America’s National Preparedness System.
After reviewing the National Preparedness Report and the Current Risk Landscape in the United States, provide an assessment of one potential threat. You only have to assess one potential threat. [For example: you could choose a terrorist attack; cyber-attack; weather incident; active/mass shooter; hazardous materials spill; power outage; radiological incident; mine accident; urban conflagration; pipeline explosion; civil unrest; wildfires, earthquake; pandemic, or some other hazard].
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