Crisis Management
TOPIC: CRISIS MANAGEMENT
LEVEL: DIFFICULT
Crisis management (http://en.wikipedia.org/wiki/Crisis_management ) is a relatively new field of management that has gained major importance over the last years and made its way into corporate structures – airline structures included. Successful crisis management requires forecasting potential crises and planning how to address them, identifying the causes and nature of the current crisis, utilizing strategies to minimize the impact and stimulating recovery.