One of the worst things that can happen to your company is for you to become complacent with how things are right now. A corporate crisis is a reality most businesses are unprepared for. According to the published reports, 29% of companies have no staff dedicated to crisis management; however, 69% have experienced a crisis in the last five years.

No matter how good your business ideas may be unanticipated issues with your production pipeline, cash flow or clients can cause your business huge problems. This is where writing and adhering to a crisis management plan can significantly mitigate the harm of crisis scenarios to your business. Let’s take a closer look at what goes into writing one, as well as the upsides of having such a plan in place in 2021.

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