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Crisis management is the process by which an organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders. [1] The study of crisis management originated with large-scale industrial and environmental disasters in the 1980s.
Following the financial crisis of 2007–2008, and allegations over excessive executive pay, demand for products dropped. Anglo Irish Bank: Ireland: 15 Jan 2009: Banking: After the financial crisis of 2007–2008, the bank was forced to be nationalised by the Irish government. Arcandor: Germany: 9 June 2009: Retail
Although the contracts were drafted to ensure that the contractors would be forced to bear a significant portion of the cost of the project going wrong if it did go wrong, in reality this did not always happen. The NPfIT was described by Members of Parliament as one of the "worst and most expensive contracting fiascos" ever. [4] £12bn (£2.3bn)
Hong Kong is facing its worst crisis since it returned to China from British rule in 1997, the head of China's Hong Kong and Macau Affairs office said on Wednesday amid more anti-government ...
Coin exchange crisis of 692.Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull.
It’s the worst crisis in the history of the National Health Service,” he told a Labour conference fringe event in Liverpool. “The Darzi investigation laid out in evidence, data-driven terms ...
Examples of vulnerabilities in the public sector included: statutory gaps and conflicts between regulators; ineffective use of regulatory authority; and ineffective crisis management capabilities. Bernanke also discussed " Too big to fail " institutions, monetary policy , and trade deficits .
The company he’s now helming bears little resemblance to the one he joined; during the 2009 financial crisis, Zillow “was a money-losing operation,” he recalled.