Crisis Management due to the lack of fund leads to crisis, bankruptcy, liquidity crisis is often managed by the team responsible for finance or credit/market risk management team, As one of the major crises encompass the "lack of fund", senior management is assigned to manage this specific crisis scenario.
It is essential that the definition for the terms used by clear to the crisis management team These are some of the terms.
Lack of Funding
Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company. (Source: Wikipedia)
Bankruptcy
Bankruptcy is a legal status of a person or other entity who cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. (Source: Wikipedia)
Liquidity Crisis
In financial economics, a liquidity crisis refers to an acute shortage of liquidity. Liquidity may refer to market liquidity, funding liquidity, or accounting liquidity. (Source: Wikipedia)
Example of "Lack of Fund: crisis includes:
Think about this before you need to minimize disruption in the event of a severe crisis.
If you want to know more about how crisis is related to crisis management and crisis communication:
