Crisis Management and Risk Mitigation: Strategies for Effective Response and Resilience

Abstract

Crisis management and risk mitigation are vital components of organizational resilience and success in today's dynamic and uncertain business landscape. Effectively managing crises and mitigating strategic risks can determine an organization's ability to withstand disruptions, protect its reputation, and maintain stakeholder trust. This study employs a mixed-method approach, combining expert interviews and a comprehensive literature review, to explore these crucial areas thoroughly. By identifying key themes and patterns, the research aims to develop evidence-based strategies that empower decision-makers to proactively address crises and strategically manage risks, fostering stability and sustainability in the face of challenges. The outcomes of this research hold the potential to make significant contributions to the broader fields of crisis management and risk mitigation.