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.