Crises aren’t things that anyone wishes for, yet everyone faces a crisis or two throughout their lifetime. Crises vary in severity, with some being minor and almost negligible and others being full-blown existential crises that forever change your life.

With business, crises take a whole new meaning because they can be devastating for business owners and employees alike.

However, with a plethora of risks in any business, how does a business handle crisis? The answer, crisis management. So, what is crisis management, to begin with? Keep reading to find out.