Strategic management Essay Example | Topics and Well Written Essays - 3750 words

Strategic management - Essay Example Organizations usually keep much attention in the maintenance of the strategic plans implemented for dealing with the crisis situation by providing the staff with regular training to acquaint them with essential skills to manage such situation. At often instances, engagement of a Crisis Management Team (CMT) for dealing with the situation is deemed beneficial and strategically effective. CMT’s primary responsibility is to resolve the obstructions of crisis completely and assist the organization to regain its previous smoothness in performing its operations (European Interagency Security Forum, â€Å"Crisis Management of Critical Incidents†). Notably, CMT does not follow the management structure of work. According to the strategic plan for the crisis situations, there exist three stages, which encompass before crisis, during crisis and after crisis situations. CMT, thus, assists with the development of various strategic plans to deal with these stages in the most effectiv e manner. In the first stage of crisis situation, i.e. before the crisis, the organizations try to identify the types of crisis that might occur at a given period of time and make plans accordingly. Similarly, during the crisis, the CMT looks after the specific organizational operations affected by the crisis. Also, the time required for the resolution of the crisis is kept in consideration by the CMT. Concerning the stage after crisis, CMT studies the causes responsible for the crisis and take precautionary measures so as to avoid similar circumstances in future (Boin and Lagadec185-191). Thesis Statement. This essay intends to discuss the role and the significance of strategic management in crisis situations and its implications on organizations. A BRIEF OVERVIEW OF PREVALENT CRISIS SITUATIONS IN ORGANIZATIONS Organizational crisis can be referred to particular situational obstacles, where the causes and consequences of organizational non-performances are unidentified at the initi al stage and are therefore, capable of imposing major threat to organizational performances even though the chances of a crisis occurrence are relatively lower. It has often been proclaimed that the remedies to the crisis must be made early in order to prevent any adverse consequence of it on the organization. It is worth mentioning that not all the crisis situations are preventable within the organizational context, such as the crisis arising from external environment. It thus, argued that organization should have the sufficient competency to proactively manage these non-preventable crisis situations. The objective of the crisis management does not end with the resolving of the problem but it also involves identifying measures so that such crisis would not occur again in the future. Thus, the best way of deal and manage the crisis situations is to believe that every crisis has a life cycle. This life cycle process is termed to be a vital approach for coping up with the organization al crisis. It means that the strategy of crisis management must be divided into various segments so that an effective approach can be formulated and implemented by the organization for its