Business Management HL
Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management
Unit 1 - Introduction To Business Management
Unit 2 - Human Resource Management
Unit 2 - Human Resource Management
Unit 3 - Finance & accounts
Unit 3 - Finance & accounts
Unit 4 - Marketing
Unit 4 - Marketing
Unit 5 - Operations management
Unit 5 - Operations management
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 5 - Operations management
Business Management HL
Business Management HL

Unit 5 - Operations management

Master Crisis Management: Steps to Protect Your Organization Now!

Word Count Emoji
697 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 14th Jun 2024

Table of content

Quick overview ๐Ÿ”ฅ

A crisis? Think of it like the sudden thunderstorm that ruins your BBQ party! ๐ŸŒฉ๏ธ๐Ÿ” But for businesses, it's way more serious. They need an umbrella, ASAP!

What's a crisis? ๐ŸŒช๏ธ

A major unpredictable event that can harm an organization & its stakeholders.

Examples

  • Human Activity: Financial crises (Hello 1929 & 2008! ๐Ÿ’ธ)
  • Industrial Accidents: Bhopal gas tragedy (1984) and BP Gulf spill (2010) ๐Ÿ›ข๏ธ
  • Natural Disasters: Sichuan earthquake (2008) & Japanese tsunami (2011) ๐ŸŒŠ
  • Combo Meal: Human + Industrial + Natural (Covid-19 ๐Ÿฆ  starting 2019)

How big can a crisis get? ๐ŸŒŽ

  • Global: Everybody knows! (e.g. Covid-19)
  • Regional: Like that one season finale everyone in your state watched ๐Ÿ“บ
  • Local: Just your neighborhood gossip. Think: local power cut or an IT failure in a small company. ๐Ÿ–ฅ๏ธโŒ

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IB Resources
Unit 5 - Operations management
Business Management HL
Business Management HL

Unit 5 - Operations management

Master Crisis Management: Steps to Protect Your Organization Now!

Word Count Emoji
697 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 14th Jun 2024

Table of content

Quick overview ๐Ÿ”ฅ

A crisis? Think of it like the sudden thunderstorm that ruins your BBQ party! ๐ŸŒฉ๏ธ๐Ÿ” But for businesses, it's way more serious. They need an umbrella, ASAP!

What's a crisis? ๐ŸŒช๏ธ

A major unpredictable event that can harm an organization & its stakeholders.

Examples

  • Human Activity: Financial crises (Hello 1929 & 2008! ๐Ÿ’ธ)
  • Industrial Accidents: Bhopal gas tragedy (1984) and BP Gulf spill (2010) ๐Ÿ›ข๏ธ
  • Natural Disasters: Sichuan earthquake (2008) & Japanese tsunami (2011) ๐ŸŒŠ
  • Combo Meal: Human + Industrial + Natural (Covid-19 ๐Ÿฆ  starting 2019)

How big can a crisis get? ๐ŸŒŽ

  • Global: Everybody knows! (e.g. Covid-19)
  • Regional: Like that one season finale everyone in your state watched ๐Ÿ“บ
  • Local: Just your neighborhood gossip. Think: local power cut or an IT failure in a small company. ๐Ÿ–ฅ๏ธโŒ

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 ๐ŸŒŸ