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Business Crisis: Prepared By: Name: Pranav Kejriwal Branch: Electrical Year: 3 Submitted To: Mr. G.K. Varshney
Business Crisis: Prepared By: Name: Pranav Kejriwal Branch: Electrical Year: 3 Submitted To: Mr. G.K. Varshney
CRISIS
Prepared by:
Name: Pranav Kejriwal
Branch: Electrical
Year: 3rd
Submitted to: Mr. G.K. Varshney
WHAT IS CRISIS…
A crisis is any unstable and dangerous social situation
regarding economic, political, or societal affairs,
especially one involving an impending abrupt change.
More loosely, it is a term meaning 'a testing time' or
'emergency event'.
In terms of business, crisis is the downturn in the
company’s economic, image, dominance or possession.
Here talking about business crisis, it can be
categorized in seven ways as under:-
Natural crisis
Technological crises
Confrontation
Malevolence
Crisis of skewed management
value
Crisis of deception
Crisis of management misconduct
Natural crisis