Institute for Crisis Management Releases 2014 Annual Crisis Report

A Compilation of the Year’s News, Crises Analysis and Trends, and Identifies Industries at Highest Risk; Transportation and Automobile Manufacturing top the List of Most Crisis-Prone in 2014

DENVER, CO / ACCESSWIRE / June 3, 2015 / “That won’t happen to our company!” “At the Institute for Crisis Management (ICM), we hear this kind of denial from leaders all too often,” said Deborah Hileman, ICM President and CEO. “It is not coincidence that more than half of organizations don’t have a crisis plan, and that more than half of organizations that don’t manage a crisis effectively will fail within two years after the event. Those are startling statistics that can be improved significantly through crisis management planning and training.”

The 2014 ICM Annual Crisis Report is a compilation of news and trends and the identification of those industries that were most prone to crisis during the year. Leaders can gain valuable insight on the impact crises have on the organization, the economy and stakeholders. According to the report, the top crisis category in 2014 was mismanagement, followed by white-collar crime, whistle blowers, casualty accidents and environmental damage.

The year’s ten most crisis-prone industries were transportation, automobile manufacturing, banking and financial services, food, pharmaceuticals, education, energy, retail, defense and aerospace, and health care.

“Unfortunately, many companies don’t appear to learn from the mistakes of others. The top crisis categories and crisis-prone industries tend to remain fairly consistent from year to year,” she said. Hileman urges leaders to invest in comprehensive crisis planning and crisis management training programs as critical tools to prepare, prevent and mitigate the kinds of crises that impact an organization’s business and financial strength.

Founded in 1989, the Institute for Crisis Management was one of the first consulting firms in the U.S. to specialize exclusively in crisis management. ICM’s planning, training and consulting services help leaders and organizations through all phases of a crisis, from assessing risks and preparing for them; containing a crisis and mitigating damage with effective communications, and learning from the event and seizing opportunities that arise from the crisis.

Visit the ICM website at www.crisisconsultant.com for a free copy of the report, and to register for the next Crisis Communications Certification Workshop scheduled for July 14-16 in Denver, Colo.

CONTACT:

Deborah Hileman
Institute for Crisis Management
dhileman@crisisconsultant.com
(303) 880-8255

SOURCE: Institute for Crisis Management

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