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In addition to these concepts and resources, creativity and imagination are required in order to deal with unexpected events.
Within large businesses, the military, and civil defense organizations, it has become standard practice to include artists, writers, and other creative professionals in scenario planning and war-gaming exercises for the purely tactical reason that they are able to view systems holistically, imagine alternative causal chains, and thereby identify previously unseen sources of vulnerability as well as resilience.
Crisis management is relatively young, having emerged as a field of practice and a field of academic research in the late 1980s following a succession of high-profile and deadly system breakdowns (including the Bhopal gas leak, the nuclear accident in Chernobyl, the explosion of the oil spill).
More recently, the crises associated with events as diverse as rogue traders, disease outbreaks, computer malfunctions, and terrorist attacks have led to the establishment of variety of subdisciplines, including business continuity management, disaster recovery, operational risk management, and enterprise risk management.
Although now a growing and respectable research field, crisis management—as a formal area of study—is relatively young, having emerged since the 1980s following a succession of such calamities as the Bhopal gas leak, Chernobyl nuclear accident, Space Shuttle Challenger loss, and Exxon Valdez oil spill.
Analysis of organizational failures that caused such events helped drive the emerging field of crisis management.
From such crises, both human-induced and natural, we have learned our modern, tightly interconnected and interdependent society is simply more vulnerable to disruption than in the past.Business management disciplines have formalized new approaches to maintaining operational continuity in the face of disruptions, whether they affect a single enterprise or threaten an entire industry sector, city, or region.Within this context, the concept of “global risk management” signals a recognition that some potential crises can be addressed only through engagement across the boundaries of individual firms or industrial sectors, and across the divides between governments and the private sector.Hurricane Katrina in 2005 left the city of New Orleans with a local government crippled by a shrunken tax base and substantial infrastructural damage from which the city has yet to fully recover. In 2011, the Tohoku earthquake and tsunami that devastated northeast Japan also triggered a nuclear crisis at the stricken Fukushima power station, which led to a crisis of confidence in the leadership of the Japanese government.
The storm and its aftermath also triggered crises in the coordination between the Louisiana state government and various U. The radiological accident also wounded the reputation of TEPCO, the company that operated the Fukushima plant, and led to a previously unthinkable shutdown of all of the country's nuclear reactors.To this end, in 2006, the World Economic Forum (WEF) began issuing an annual , outlining potential sources of common risk.