Why Did Nobody Prepare for This Crisis?




Crisis Management (Contingency Planning)
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Joanna, USA

Why Did Nobody Prepare for This Crisis?

The article above explains that it's important to prepare contingency plans in advance, before an actual crisis occurs.
Isn't it remarkable that neither governments, nor financial regulators, nor financial instituations seem to have created any contingency plan for the current global crisis?
Surely they all should have seen it coming...
 

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0
Johannes, The Netherlands
 

No crisis preparation

Nobody had prepared for this crisis because nobody new what the CEO's have been doing. They where swimming naked until the tide went low that is when the secrets were disclosed. *BBC

 
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Leon Breedt, South Africa
 

Reasons for Lack of Preparation in Crisis Management

Well people don't prepare for crises because they don't take it serious, and they have the attitude that it won't happen to them. It can not be expressed enough on how important it is to be prepared for any Crisis at all.

 
1
William, China
 

It's human nature

Environment pollution; overpopulation; shortage of resources like water; food shortage.... we have b... Sign up

 
2
Limo Sammy, Kenya
 

Why Lack of Preparation for Crises

How comes that whenever people are told the truth they shy from it. The Bible clearly states that al... Sign up

 
0
Adeosun Leke, Nigeria
 

World Crisis

The USA that call themselves the world giant have no good head. Bush, he has no time for the prosper... Sign up

 
1
J. Wiley, USA
 

Retraction

How quickly people persecute! I represent a country who is fighting the war on terror. We support fr... Sign up

 
0
Dr. Uditha Liyanage, Sri Lanka
 

Crisis is Black Swan

The assumption that is made about the ability to predict the nature of the crisis with high/low prob... Sign up

 
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Madhav Bhetuwal, Nepal
 

Man can't think seriously about crisis

The current challenge of the world is crisis management. Nobody is shown inactive. Lack of strong pl... Sign up

 
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Prof. Thomas Keel, MBA, USA
 

Crisis in the economy

When governments meddle in the free market, crisis occurs. The more governments impose corrections, ... Sign up

 
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Ahmed Mehdi, Pakistan
 

Crunch Solution

It's a game played from huge transaction mark-ups of banks which has an impact generally on trading ... Sign up

 
0
Wael Monakel, Syria
 

You can't prepare for this crisis

Such in Finance, there is something called BTL and ATL. If any executive in the institution can see ... Sign up

 
0
Connie Sue, USA
 

Remain grounded in our Faith

The challenge is to be aware of the crisis yet remain grounded. Listening to the unemployment rates,... Sign up

 
0
Khumbo Shaba, Malawi
 

Crisis management is like insurance

We all need to plan for something like a financial crisis. However, too much of risk management limi... Sign up

 
1
Fonchi Denis, Cameroon
 

No world without crisis

In as much as man continues to live in this world, there will always be crisis. Some will be natural... Sign up

 
0
Christopher Bean, United Kingdom
 

Crisis Management

It is too easy to say that no one was prepared - some were very much prepared as early as Jan 2006 w... Sign up

 
0
Dave Saunders, New Zealand
 

What we have to do now is Recover

Instead of worrying about the gloom and spiral downwards, stop being negative and start being positi... Sign up

 
0
Gordon, USA
 

The Dumbbell Strategy

As I have learned recently with the real estate retirement plan, "I am in control until I am not". W... Sign up

 
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Randi Erentzen, South Africa
 

Poisened Challice?

This is not a "reaction". Semantics or not, mine is a "responsive engagement". There is a view that... Sign up

 
0
Tonya, United States
 

Wake up America

If you are in any religion it speaks about this happening. This is nothing people did, nor have know... Sign up

 
0
Jackie, Canada
 

Move On

Don't ask why just do and move on! If you allow your thoughts to only focus on the smaller things th... Sign up

 
0
Ramesh Bandhoa, Maurituis
 

Crisis is Man Made

We human beings are responsible for the crisis. Management consists of humanbeings who looks for him... Sign up

 
3
Beverley Taylor
Professor, United States
 

Culpability for Crises? LEAN and Overshot Efficiency

Companies focus on Lean, efficiencies, and elimination of waste and Six Sigma and greater effectiven... Sign up

 
3
Michael Norris
Director, United States
 

Reason for Not Preparing for Crises? Human Nature

Preparation is not easy and human nature is to take the path of least resistance. "We shouldn't prep... Sign up

   

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Michael Norris
Director

Crisis Management (Contingency Planning)
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