Content about Watercraft

December 11, 2012
Learning From the Titanic: Business Lessons on Crisis Management

The Titanic can be used as an analogy to business. It started with pomp and potential. But it turned into a lot of what-ifs and missed opportunities. So, too, is the case with business. Running a profitable and efficient organization means effectively remediating damage before it accrues by utilizing processes and methodologies for researching, planning, executing, and benchmarking activities.

By Hank Moore, Corporate Strategist

The 100th anniversary of the sinking of the Titanic caused many people to reflect on the glamour that was lost and the opportunities that faded.

I think the Titanic can be used as an analogy to business. The Titanic was a monument to human folly and arrogance. It started with pomp and potential. But it turned into a lot of what-ifs and missed opportunities. So, too, is the case with business, which should learn the lessons from the economic downturn and corporate scandals.