SOLUTION: HLS 503 TIU Risk and Crisis Management and The Role of NIMS and NRF Discussion

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SOLUTION: HLS 503 TIU Risk and Crisis Management and The Role of NIMS and NRF Discussion 1

Attached.

Running head: CRISIS MANAGEMENT CASE

Crisis Management
Name
Institution

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RISK MANAGEMENT CASE

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Risk management

Organizations are in constant threats that require the management to be adequately
prepared to take necessary actions when the threat occurs or is anticipated to occur soon.
Management of the threats may involve risk or crisis management mechanisms depending on the
nature of the organization’s threat and capabilities to manage it. The organization may either
eliminate or mitigate threats facing it, depending on the threat’s nature via a management
program’s implementation. This paper will evaluate the difference between crisis and risk
management, the roles of NIMS and NRF, and the crisis facing the organization I work with.
Differences between risk and crisis management and the role of NIMS and NRF
Risk and crisis management are mechanisms that different organizations use to deal with
different threats to an organization. A management program is implemented to either mitigate or
eliminate threats depending on their nature. However, the two management mechanisms are
different in that risk management deals with threats before they occur, while crisis management
deals with incidents after occurring.
The crisis is unforeseen, public threats occurring at a specific point in time, and has great
potential to harm organizations’ revenues, finances, market position, reputation, and service
delivery. For example, the crisis can arise due to the sudden withdrawal of long-standing Chief
Executive Officers or board chairs of an organization or fraud that may cause loss of funds. A
crisis in an organization depends on the management teams’ capabilities to respond and handle
the crisis. Therefore, crisis management is concerned with managing, responding to, and
recovering from unforeseen events (Coombs, 2016).

RISK MANAGEMENT CASE

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A risk is a potential event or activity that can harm an organizations’ reputation, finances,
market position, revenues, and delivery of services. Risks mighty be of operational or strategic
nature. Risks may arise due to inadequate preparation towards shifts in market places and new
trends and o…

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