The world is actually composed of an environment that requires state of adaptation from any concerns individual.
That , not just get restrict within human large society and possible new vicinity , state or town or nation but also include our very working environment and working condition.
It should be quite obvious to note that within given human nature in close terms to their interactivity , that there often bound to be such as crisis and or possible conflict.
Here I would only emphasis on the good example of crisis management , just in case there should likely be any state of crisis occuring.
Perhaps if so be that any crisis get occur , how should the situation be manage when there happens to be no body who actually good at managing such state of occuring or situation ?
That's actually my reason for having to related closely on the good example of crisis management.
Since am actually get looking at the possible dimension , in case scene of crisis over whatever should be the causing reason get occur. That possible way to get it manage and tackle so as not to let it get beyond what could be possibly get manage. Up to such extend capable of bringing about such as undesirable effects.
Here's my perspective on a good example of crisis management , projecting Binance on board
For me due to the level of recent occuring on world largest crypto currency exchange, with the likely department of U.S. A anti 💰 money laundering laws. Which actually get levelling some law cases against the founder and CEO in person of Changpeng Zhao . That some news portal escalate that he was gulty for not having definite resident for the business.
Upon whatever being the outright news spreading case. The truth affirmed that the CZ was guilty. My actual lesson drawn from that is mainly about the possible best way in which crisis can be manage.
Worthy of note is that perhaps CZ wasn't good personally enough and get able to manage the situation , the an inevitable and an undesirable by all Binance users across the world would have happened.
Then even as many people was like , the very end of Binance would actually get brings about the crypto currency down fall.
Such should be kind of perfect case study for crisis management , that , that directly touching an entity or a profitable or profits making large enough organization like Binance.
For me to better kind of emphasizing on what a good crisis management state should be like , I want to consider some factors in which I actually thought and such that upon critical state of evaluation can get fetch from the CZ acts . That seen as follows :
- States of leadership
- Speed of response
- Adequate resources
- Clear communication
- Decision making
- States of compassionate
States Of Leadership
Quite obvious that so much contributes for the making of a good leader.
Truth is that a good leader won't actually think of himself alone , and even in the face of critical condition . That order in which CZ did face with the USA government.
The ultimate core concept for me touching a kind of good leader . I meant a leader by an example and nature of leader who thinks and actually get breathing his business growth and actual lifespan.
It was core business related interest over personal kind of position that have triggered the CEO Changpeng Zhao to kind of openly resigned and also hand over his own position as the CEO to another person known as Rechard Teng upon personal sense of understanding and acknowledgement that the new CEO will be able to lead Binance very well.
Due to such state of his personal leadership skills and knowledge , everyone is actually gets happy that Binance is alive and crypto currency not fall , no. But still on seen how crisis can be manage. Because if he has not possibly hand over and changed his position Binance might likely no more actively now. Due to such height of crisis.
Speed Of Response
Here is very interesting and best enough to note that procrastination is not good at all.
Most especially touching crisis management and that of conflict resolution I case .
But , truth is that generally quick response is actually good enough so as to reduce some likely associated damages touching faces of crises.
Adequate Resources
Reality about life knowledge is good , wisdom is also good and getting surrounding yourself with people with good vibes and energy who care for you and desiring well for you as a person is equally good.
Because in life touching crisis and possible way to manage such occuring crisis you might likely do need them.
But , seriously you do need 💰 money most , I do know that money has no definite place to locate than within and in people around.
Talking about adequate resources it's basically more of in hand or in bank 💰 money.
To get given Binance crisis situation managed that way in which it was , seen that the founding CEO CZ did agreed with USA anti money laundering laws department to pay the given fine worth sum of $4.3billion.
That should be clearer enough to note that in crisis management you also do need to be resourceful.
For the other factors they are actually significant and worth enough to get posses so as to be able to tackle and manage any given crisis situation or occuring