Professional Documents
Culture Documents
WHAT IS CRISIS?
• Crisis comes from the Greek ‘krisis’, which means differentiation or decision.
"A crisis is any situation that has the potential to affect long-term confidence in an organization or a
product, or which may interfere with its ability to continue operating normally." (2003, in Malhotra and
Venkatesh 2009, 67).
TYPES OF CRISIS
• Natural crisis
• Civil conflicts
• Epidemics
• Technology failure
CRISIS MANAGEMENT -“A systematic attempt by an organization and its stakeholders to manage or prevent crises from
occurring, such that key stakeholders believe the success outcomes outweigh the failure outcomes." Pearson and Clair
(S1998, 61)
- process of identifying potential risk events, and quantifying these in terms of the likelihood of occurrence
and of the influences they could have on the business.
- provides the opportunity to identify risk events occurring elsewhere, for example in other countries that
may be exploited to the benefit of the tourism industry.