How Executives Could Respond When Faced With Multiple Crisis Situations
The post How Executives Could Respond When Faced With Multiple Crisis Situations appeared on BitcoinEthereumNews.com.
A crisis can be challenging enough for companies and organizations to manage without having deal … More with the additional burden of responding to other unfolding emergencies. getty A crisis can be challenging enough for executives to manage without having to deal with the additional burden of responding to other unfolding emergencies. One such scenario would be the need to respond to the impact of President Donald Tump’s tariffs, a crippling cyberattack,and the damage inflicted by a nature-related disaster— at the same time. Knowing what to do and how to do it when multiple crises strike are now critical skills for business leaders. “Cascading crises are becoming increasingly common. There are so many examples right now,” Cheryl Conner, a crisis communications expert and CEO of SnappConner PR, told me in an email interview. Elon Musk and his companies, for example, have been in the headlines because of the blowback against his role in reducing the federal budget and workforce, the vandalism of Tesla cars, boycotts against the car company, and the recent explosions of several SpaceX Starships. Navigating Four Different Crises Entrepreneurs, for whom managing risk is a necessary survival skill, often have their own stories to tell about surviving simultaneous crisis situations. Steve Taplin, CEO of Sonatafy Technology, told me in an email message that “I’ve had front-row seats to more crises than I can count” at the software development firm. He noted that at one point he had to navigate four major crisis situations at the same time. They included a key client who suddenly terminated a longterm relationship with the company; another who suddenly eliminated its entire engineering team; and a third client who decided to move its business to ultra-low-cost offshore vendors. “Meanwhile, I had to manage the rising urgency—and sometimes chaos—around AI transformation from both…
Filed under: News - @ June 22, 2025 11:23 am