In-Position Monitoring -- 4 Key Points to Strengthen Crisis Management: 4 Key Points to Strengthen Crisis Management

Author: Yu Huixia
Publisher:
Publish Date: 2004-01-01
Features: There was a group of people who could have exposed and stopped my scheme, but they didn’t. I don’t know where the line lies between their negligence and criminal-level negligence, nor do I understand whether they are responsible to me. However, if it were any other bank, I would not have had the opportunity to start this crime. Throughout the entire crisis management process, "control" runs through it, being the most fundamental and important work in crisis management. In the shocking collapse of Barings Bank, we can deeply feel the significance of strict control in corporate management—the bankruptcy case can be seen as a typical example where a lack of crisis awareness and neglect of control ultimately led to disaster. Without a sense of crisis, it is as if a crisis already exists; with a sense of crisis, there can be no crisis; surviving in a state of crisis awareness actually avoids crisis. Management planning work seeks continuous, consistent, and interconnected plan solutions, while management control work strives to ensure that all practical activities proceed according to the plan.