{"id":57370,"date":"2019-08-30T00:00:00","date_gmt":"2019-08-29T22:00:00","guid":{"rendered":"https:\/\/llyc.global\/2019\/08\/30\/challenges-of-hot-and-cold-crises-and-how-to-address-them\/"},"modified":"2019-08-30T00:00:00","modified_gmt":"2019-08-29T22:00:00","slug":"challenges-of-hot-and-cold-crises-and-how-to-address-them","status":"publish","type":"post","link":"https:\/\/llyc.global\/en\/ideas\/challenges-of-hot-and-cold-crises-and-how-to-address-them\/","title":{"rendered":"Challenges of HOT and COLD crises and how to address them"},"content":{"rendered":"

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The circumstances around risk have changed. It is imperative that we understand the new corporate landscape and change our approach, moving away from traditional strategic and tactical crisis management procedures<\/strong>. We now live in a digital, hyperconnected, VUCA (Volatile, Uncertain, Complex, Ambiguous) world<\/strong> undergoing constant evolution, one in which, according to cyber-anthropologist Amber Case<\/a>,\u00a0 we are all cyborgs<\/a><\/u> due to the simple merit of carrying a smartphone an essentially permanent extension of ourselves.<\/p>\n

Thus, there is now constant risk of public exposure<\/strong>, as well as other potential risk areas (including cybersecurity and<\/strong> business-unrelated issues<\/strong>), which all companies must consider. These changes are largely a result of the social and environmental justice movements, shifts in public perception and the spread of fake news campaigns.<\/p>\n

In this new era of hypervulnerability, the best ways to mitigate risk and manage efficiently all revolve around investing in anticipation, with every possible solution carefully considering the technological revolution.<\/strong> A common problem is basing solutions for new crises on outdated ideas, forgetting to make the necessary adaptations to our VUCA world.<\/p>\n

[\/et_pb_text][et_pb_text admin_label=”Tipolog\u00eda de crisis y compa\u00f1\u00edas en un mundo de disrupci\u00f3n ” _builder_version=”3.1.1″]<\/p>\n

Types of crises in a world of disruption<\/h1>\n

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Disruption has led to two<\/strong> major types of crises,<\/strong> separated by their main characteristics: HOT and COLD crises. Their names are acronyms for their key features.<\/p>\n

HOT Crises<\/strong><\/p>\n

In line with the current digital landscape, HOT crises arise quickly and abruptly, with strong immediate impacts and short-term effects. They occur quite often and usually attract significant media attention. The name stands for:<\/p>\n