A crisis of confidence
Board survey finds gaps between awareness of crisis threats and preparation to handle them
Awareness of threats is not the same as preparation to deal with them. More than three-quarters (76%) of surveyed board members believe their companies would respond effectively if a crisis struck tomorrow. But less than half (49%) of their companies have taken steps to be truly crisis-ready.
Deloitte’s global survey report, A crisis of confidence, examines the gap between real and perceived crisis readiness in the eyes of board members and the large companies they direct. Respondents offer their insights and concerns about crisis risks and their companies’ level of crisis management maturity.
The report discusses:
• Board members’ confidence in their organizations’ crisis-related abilities
• Perceived vulnerabilities and companies’ efforts to address them
• The role of the board before, during, and immediately after a crisis—what to ask and do
• Practical steps to advance on the journey from crisis awareness to crisis readiness