- A significantly damaged reputation that can take years to repair
- Loss of employee loyalty
- A decreased level of productivity
- Lower sales
- Reduced profits
- The cost to hire lawyers, consultants and other experts
to help reduce the damage
- The shift in focus that occurs when managing the crisis takes the company's attention away from its primary business
- Changes in senior-level executives and other personnel
- Necessary changes to re-engineer products and services
- Possible product or corporate name changes
Source: The Crisis Counselor
This article was originally published in the November 1998 print edition of Entrepreneur with the headline: Danger Zone.
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