Balancing the Needs Crisis and the Ethics of Business A crisis is a low probability, high impact situation that is perceived by critical stakeholders to threaten the viability of an organization. Crises can come in many forms, such as natural disasters, terrorist attacks as mentioned in The CEO Can’t Afford to Panic article, technological disasters such as the Y2K computer bug, labor strikes and economic crises such as the one the world is currently suffering from now. A crisis indicates not…
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