“While a crisis plan is a good start, over two-thirds of respondents expressed misgivings about their organization’s plan. The most prepared companies don’t just have a plan on paper—they practice it with the actual executives who would be in the room and seek their input before an actual event hits,” said David Newman speaking about Morrison & Foerster’s Crisis Management Benchmarking Report.
On how a plan should be strategized, partner Christine Wong added, “Design them so people across the business have a chance to talk and get to know each other. That makes it more likely that in the thick of a crisis, information will flow the way it is designed.”
Learn more about the report and what companies can do to better prepare for a crisis in this feature from Law.com, “Survey Shows Execs Lack Confidence in Their Companies' Crisis Response Plans.”
