Corporate Disasters; Some are Natural and Some are Manmade – Organizations Need to Prepare for Both

When corporations and organizations deal with a crisis, contingency planning is required and is something that must be done long before the crisis hits. As often is the case one manmade corporate crisis will cause a domino effect as was seen recent when Fidelity Investments sacked two executives on the heels of Hollywood’s latest sexual harassment epidemic. However the two cases illustrate different contingency planning processes, the Hollywood studio had very little in the ways of succession planning for such crises whereas a stolid Boston bank was prepared to easily remove rogue players. When corporations and organizations deal with a crisis, contingency planning is required and is something that must be done long before the crisis hits. As often is the case one manmade corporate crisis will cause a domino effect as was seen recent when Fidelity Investments sacked two executives on the heels of Hollywood’s latest sexual harassment epidemic. However...