The crisis threat is growing in kind, intensity, and most recently cost. According to an internal Deloitte study, crisis-struck companies in the U.S. lost $350 billion in market valuation and $45 billion in resulting losses, fines, and penalties over a period of two short years.
Those financial stakes alone underscore the need for adopting corporate crisis management technologies to help teams and crisis leaders increase organizational resilience in the face of the unexpected. The only question is, which tools make sense for your business? After all, too many technologies that claim to handle events and issues are often inadequate.
Instead, what’s required is flexible corporate crisis management technology to help teams cope with every stage of the crisis management lifecycle, specifically advanced software that gives response teams and decision makers the tools they need to know what’s happening, collaborate quickly and effectively, make better decisions, and enact the right plans to take action when it counts the most.
Not sure where to turn to first? Don’t worry. We’ve put together a purchasing guide to help inform your next crisis management software buy, providing you a list of the essential features you’ll need to manage any kind of critical event.