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Risk and Crisis Management is a way to deal with threats to organizations. Risk could be in a potential activity or event can be really harmful for the organisation effecting its finances, revenues, reputation, market position thereby effecting its capacity to deliver services to a great extent. In a same manner Crisis in a form of unforeseen example can again shiver the whole organisation structure. Risk management, essentially, is crisis prevention. It is like identifying and evaluating potentials risks and vulnerabilities in the organisation. The continuity of evaluating these risks will help mitigate the possibility of a crisis situation arising. Every Industry will face a different set of risks; therefore, it is important to be aware of which are relevant to your organization.
The organizations lessen threats by applying management programs. Risk Management deals with threats prior to the event occurring while crisis management deals with threats when it unfolds or after the event occurs. This course will go through the management program of Risk and Crisis. It will provide them with the skills at contingency planning so unexpected situations have minimal impact.
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