BUSINESS MANAGEMENT - CRISIS MANAGEMENT

This is the 15th of a series of newsletters published on Business Management and Management Skills. Not all topics will apply to your business, but each section will be beneficial to establish company goals and objectives. By reading and studying these newsletter articles, you’re taking the first step in achieving your goals.

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Crisis Management occurs when there is no control.

Effective management is concerned with long-range planning, establishing objectives, and developing policies that will carry out these objectives. However, if all of the manager’s time is taken up by putting out fires, or reacting and not initiating, then you have an atmosphere of Crisis Management that retards the growth, expansion and especially the profitability of the company. Crisis management is usually the result of improper planning.

This management method requires one to deal with the most serious problem right now. All other problems take a back seat and are not dealt with until the next major crisis arises. Obviously, there is no control, and no planning. The result is an epidemic growth in negative stress.

To avoid working in an atmosphere of crisis management, pay attention to what you are doing. Learn to set priorities. Delegate effectively and have confidence that the individuals who are assigned to do a task will perform it to the best of their abilities.

Remember:
Crisis management occurs when there is no planning.
Know what you have to do and set goals.
Eliminate tasks that waste time or could be delegated to someone else.
Know what you have to do, plan your course of action, and do it now!

Crisis management negatively affects all areas of your business from job management to financial management - as well as all areas in between.

Mike Holt’s Comment: This newsletter article was extracted from Mike Holt’s Business Management and Management Skills’ Workbook. Watch for our next newsletter, and as always, we invite your comments and feedback. Send us your real-life experiences. We value your opinions and participation. Please respond to Barbara at bjparks@atlantic.net And… be sure to visit Mike Holt’s Website at www.mikeholt.com.

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