All crisis situation of all kind can arise at any time. A Crisis is an sudden event or situation which arise suddenly and become a big threat to every business. A crisis can arise in an organization in many ways like poor business accounting software ,poor employees etc.Crisis can affects an individual group, organization, and whole society. It is the hardest time for any organization. It is important for every organization that they can handle or manage the crisis correctly.
To protect your organization from the impact of crisis you need a proper crisis management plan and crisis management team to manage organization crisis. .Generally, a Small business can suffer the most from the crisis because they often have a lack of resources or budget to fight against the crisis.
Some Main Crisis Faced by Small Business:
Employee Crisis :
Employee Crisis falls under Confrontation crisis. Confrontation crisis arises when an employee disagrees superiors and force them to accept their demands.
Lack of Coordination , ineffective communication between employees give rise to Employee crisis.
Employee Crisis can also occur when an employee takes help of criminal activities to fulfill their demands.
A small business organization also face some crisis when a heroic nature employee (Hard working or trustable ) left the organization.
An employee who doesn’t bring value to the company is also a big threat to your company
System Crisis :
A crisis that arrives through system failure is a system crisis.
A system crisis falls under technological crisis.
A system crisis arises from the failure of the overall system and the problem in the overall system leads to a failure of technological crisis.
Computer viruses, attacks by hackers and corrupted software all leads to system crisis.
Software Crisis :
A software crisis mainly occurs through the poor quality software or the corrupted software.
Small business mostly suffers from this crisis as they use poor quality accounting software for budgeting just to save some money and later this will become the biggest threat for the company.
 Clients Crisis :
One of the biggest crisis is wrong commitments that are made by the management of an organization to getting clients.
Clients are very crucial part of every business, they buy goods and pay for services. At the beginning, some organization makes many great commitments to clients for getting their attention but later on, they are unable to fulfill it.
Wrong commitments turn into the very harmful crisis for businesses.
 Data stolen Crisis :
Data stole a very harmful and disastrous business crisis. In Data stolen crisis, the company confidential data leak or stole purposely.
The Hand behind this activity may be own company employees or staff or external parties.
The Only Agenda behind the data leaking is to harm the company.
Bankruptcy Crisis :
Bankruptcy crisis arises when a company fails to pay the creditors and other parties.
Small Business suffer a lot due to Lack of budget or funds and this Legacy leads business to bankruptcy crisis.
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