Which of the following statements about decision making in a crisis is true?
A) In crises, managers should make decisions only after taking all of the details into account.
B) Crisis management can be best handled as the crisis occurs.
C) Early warning signals of crisis are unavailable, so bounded rationality must be used.
D) An effective plan for crisis management is essential to include on the management agenda.
E) Crises can never provide benefits to a company.

Question

Quizplus · Accepted Answer

Although many companies don't concern themselves with crisis management, it is imperative that it be on management's agenda. With it, old and new problems can be resolved, new strategies and competitive advantages may appear, and positive change can emerge.

Which of the Following Statements About Decision Making in a Crisis