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Crisis Mgt_Discweek2

Crisis Mgt_Discweek2

Q What is a crisis? What is a Para crisis?

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A crisis can be defined as a situation with intense level of difficulty or potential danger. A crisis can be of various types, like economic crisis, natural catastrophe and crisis arising out of natural calamities. When a critical situation arises, the immediate solution is needed to be found out in order to deal with the crisis. A crisis can even take a bigger shape if they are kept unattended. An immediate solution to a crisis situation may require sufficient monetary investment, involvement of labor force or brainstorming of the experts’ team. A few examples of crisis situation can be hijacking of airplanes, destruction led by hurricanes and cyclones (a suitable instance can be the recent hurricane hit in the Texas region), or even sudden economic recession where most of the employees of a country are losing their jobs.