Effective leadership response to crisis
Article publication date: 1 January 2006
This article offers guidelines for effective crisis response.
Its thesis is: whether an organization survives a crisis with its reputation, operations, and financial condition intact is determined less by the severity of the crisis than by the timeliness and effectiveness of the response
Companies with effective crisis response saw their stock price recover quickly, and remain above their pre‐crisis price thereafter, closing an average of seven percent above their pre‐crisis price one year after the crisis.
Offers do and don't prescriptions for managing a crisis.
A consultant recognized as an authority in his field shares his experience in effective crisis management.
Fred Garcia, H. (2006), "Effective leadership response to crisis", Strategy & Leadership, Vol. 34 No. 1, pp. 4-10. https://doi.org/10.1108/10878570610637849
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