Credit crunch

The Credit Crunch – why does it keep reminding me of breakfast cereal?

Over time we’ve done quite a bit of work for one of the banks that’s just been caught up in the financial tsunami – in fact they engaged up to deliver several major crisis simulations.

At Crisis Solutions we pride ourselves on the reality of our scenarios, in fact some of our consultants like to joke that if they dream them up they usually happen.

At this particular bank we tested them with pandemic flu and then on another occasion with terror attacks – bombs and anthrax as I recall.

Frankly to start with they struggled, but over time they honed their crisis skills.

We might not have known about sub-prime loans when we conducted their training, but a crisis is a crisis and their ability to withstand this financial turmoil has been impressive.

Crises come in many guises and some may be impossible to predict, but if the right plans are in place and those plans have been tested then the organisation involved has a much greater chance of thriving and surviving.