Challenges Federal Agencies And Companies Can Face When Confronted By A Crisis

Just because a company or government agency did not have a crisis today, there’s no guarantee they won’t have a crisis tomorrow. Paul Washington is the executive director of The Conference Board’s Environmental, Social & Governance Center. In this episode, he discusses the challenges, issues, and obstacles organizations can face when confronted by a crisis. Quotes Crisis management is part of the broader picture of organizational resilience. - Paul Business continuity planning is essential to continue operation during a crisis. - Paul One of the biggest challenges that we're facing and we've all been experiencing lately are that crises are occurring simultaneously. They are interconnected.- Paul Featured Guest in this episode Paul Washington Executive Director, The Conference Board’s Environmental, Social, & Governance Center Linkedin: https://www.linkedin.com/in/pfwashington Chapters 00:00 Introduction 01:03 Paul’s background 01:40 CEO’s preparedness gap in Crisis management 04:01 Type of crisis on the report 04:46 Companies vs Federal agency in handling crisis 06:22 Handling internal crisis 07:28 Lessons from private and government sectors 09:14 Steps on doing post-crisis investigation 12:25 FEMA’s crisis management 14:23 Challenges of private and federal agencies during crisis 16:23 Preparedness of companies in America 18:29 Importance of simulation and drills 19:51 Mitigating the risk of crisis 21:27 New crisis that will emerge in the future 23:20 Final takeaways from the guest 24:00 Outro Produced by Heartcast Media www.heartcastmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices