A successful crisis management plan encompasses various organizational programs like disaster recovery, emergency response, communications, risk management and the business continuity. Additionally, the crisis management is basically about the development of the capability in the organization for acting flexibly so as to make necessary and prompt decisions in the case of any crisis. In case the organization is prepared even for the worst-case scenario then the organization can efficiently handle all other situations as well. (Society for Human Resource Management, 2005)
With the help of crisis management planning, the organizations can be prepared in an efficient manner for handling all the unforeseen events that might be responsible for causing irreparable or serious damage. In the nutshell, the crisis is defined as the period of breakdown and is considered as a turning point or a time of economic crisis. (Borodzicz, E.P, 2005)