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How Can Business and Project Manage Crisis Successfully by sammyhive

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· @sammyhive ·
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How Can Business and Project Manage Crisis Successfully



![iMarkup_20231213_033747.jpg](https://images.hive.blog/DQmSTw8mgrL5ipXZqxtWonpNjyfkjcFqwfc4ZXzP6MiAtKf/iMarkup_20231213_033747.jpg)[Image Source](https://pixabay.com/photos/meeting-brainstorming-business-594091/) 



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## INTRODUCTION 

Crisis of various forms do occur and it's effects are mostly  unpleasant which affect the business growth and stability. Being prepared and ready for such occurrence can save the business and make it thrives. 

These ugly events can occur suddenly or resulted of poor decisions and implementation. These events usually decide the feat of the venture and establishment. There are many strategies and activities which can  save person and his business when such events strikes. Let's discuss about some of them. 

>## Factors That Prepare and Salvage Business when Crisis strikes. 

In the line of the discussion on last Brad's show, many speakers, most of them founders and key players in their establishment on risk and crisis management aired their viewpoints and suggestions on how best to manage crisis on business interests. 

First of all, identify the crisis and know it's causes. Some of the preferred crisis with serious dangers might just be a mere misunderstanding or mistake while seemingly minor mistakes or miscalculation might have huge devastating effect. Understanding the crisis will really help to know the danger, it can cause and how best to respond to it. 

Knowledge of the crisis will be the first antidote and solution because it will be helpful when getting solutions. For instance, Two men won millions of dollars from a betting company. When they requested for their money, the company responded that it's an error which was caused by a technical glitches. Paying of that money will have drastic effect on the company's financial capabilities but they supposed to pay for effective business transactions. 

When the company investigate the matter, they identify the real cause of the error. It is not a technical glitches but the dishonesty manipulation of their greedy personal. Having a close relationship with those clients, he manipulated their system to favor their odd and they won. The company pleaded and sacked the culprit. Understanding the error and crisis will really help during its management and success. 

Open communication and adequate information helps a lot during crisis management. Depending on the crisis types, responses can be swift and promptly. Having a good and regular communication will really calm the nerves and understand the best way to handle the crisis. 

With clear understanding, the parties involved will know the state and status of the crisis involved. For instance, when the delivery was delayed, the parties involved might sensed dishonesty and abuse. Some of the parties might even think that it is scammed venture and vow to take corrective actions. But when communication is open between them. They will ascertain that it really a freight problem and know how best, the package will be delivered successfully. Such communication will help them to regain their integrity and support for each other. 

Having a strong team which are clever and dedicated for the progress and success of the business venture is another factor that help to manage crisis. With enough hands on deck, more work will be achieved. Solutions to crisis will be much easier with group of dedicated people than when one person is facing it. 

In every good team of dedicated and intelligent people, specialization and perfection usually happens which helps the business and venture. For instance, in InLeo, one of the prominent communities on Hive Blockchain. There's a dedicated and clever team known as @leogrowth that work together for the growth and development of the community. Anomadsoul heads the business aspect and does well on that field while Khal take the overall lead on the team where many others are working perfectly for the growth and stability of the community. Whenever, there's glitches or other crisis, there's a dedicated personal on the team with the overall effort of the team that work together to solve the problem and manage it effectively. 


Since publicity is good for business, it promotes and attract more clients over time. For instance, former US president, Donald Trump is always in the news for his sagacity and uninformed decisions. Rather than fighting them, use it for good force and promote the business. 

The way, crisis are managed. Create bad image or effective publicity for the success of the activities. Use the fan base for better strategies for the marketing and outreach purposes for more gain etc... 

# Finally 

Crisis can occur but the way, we manage our resources and success very well without hate speech and constant interaction will promote the ideas that upheld for success and support for others. 

The risk involved, are huge and always ready can keep the community active and sustainable. Many other will create an avenue to create value and promoting the success. 




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