Crisis management best practices—Discover essential strategies for navigating crises effectively in our guide to crisis management best practices.
What are some basic crisis management best practices? Well, our expert, Bill Coletti, will give us some insights on this topic for this podcast episode.
Bill Coletti is a reputation management, crisis communications, and professional development expert, keynote speaker, Wall Street Journal Risk & Compliance panelist, and best-selling author of Critical Moments: The New Mindset of Reputation Management. He has more than 25 years of global experience managing high-stakes crises, issues management, and media relations challenges for both Fortune 500 companies and winning global political campaigns.
Bill previously co-led the Global Risk Management and Crisis Communications Practice for Hill+Knowlton Strategies. He held senior leadership positions in the firm’s Austin, Texas, Los Angeles and Orlando, Florida offices, as a member of the senior management team.
He provided senior counsel in crisis management, corporate communications, and reputation defense to numerous clients, such as AT&T, Target Corporation, American Airlines, The Home Depot, Xerox, Nuclear Energy Institute, and Cargill, as well major universities and global NGOs. Previously, Bill served in the Republic of Bulgaria as a senior advisor to the prime minister, Council of Ministers, and the labor minister. He was the first executive director of the American Chamber of Commerce in Bulgaria.
What you’ll learn in this episode is about crisis management best practices:
- How Bill started his career running political campaigns and then pivoted into helping companies develop crisis management best practices
- How Bill defines a crisis differently from a “day-to-day business challenge”, and how “critical moments” are reputation-impacting issues that companies often struggle with
- How an organization’s reputation is found at the overlap of the public perception of the company and what they expect the company to do next
- How the classic four P’s of marketing (price, product, place and promotion) served as a model for Bill’s four A’s of reputation management
- How Bill’s four A’s process (awareness, assessment, authority and action) can help you navigate the complex challenges of reputation management
- Why and how Bill wrote his book “Critical Moments: The New Mindset of Reputation Management”, and what benefits his company has received from the book’s release
- Bill explains why each of the four A’s is an important step in managing the long-term reputation of your business
- Why it is important to express consistency and authenticity in how your company lives its values, and what lessons can be drawn from the many crises of 2020
- How your reputation is built up over a long, slow period and is rooted in your mission and values, and why there’s no “quick” way to manage your reputation
- Why creating a “reservoir of goodwill” can help you manage crisis situations and the public’s expectations and beliefs about your company
Resources:
- Elevate your knowledge about crisis management best practices by following this guide: What Makes a Successful Crisis Simulation
- Critical Moments by Bill Coletti: https://amzn.to/2MsyTzV
- Learn more about crisis management best practices, and you can find Bill here
- LinkedIn: www.linkedin.com/in/billcoletti/
- LinkedIn: www.linkedin.com/company/kith-consulting/
- Facebook: www.facebook.com/kithconsult/
- Twitter: @kith_co
Additional Resources:
- Sell With Authority by Drew McLellan and Stephen Woessner: https://amzn.to/39y7x13
- Predictive ROI Free Resource Library: https://predictiveroi.com/resources/
- Stephen Woessner’s LinkedIn: www.linkedin.com/in/stephenwoessner/
