TBA Law Blog


Posted by: Stacey Shrader Joslin on Feb 10, 2021

Knoxville lawyer Terry G. Adams recently penned a piece for the News Sentinel suggesting that every crisis — whether it is a personal or professional situation – offers new opportunities. He focuses on several critical elements that are key to not just surviving, but succeeding in, a business-related crisis. He suggests developing a business continuity plan and establishing a crisis management team with legal, communications and technology experts. When a crisis hits, he urges leaders to (1) not panic, (2) clearly analyze the situation, and (3) actively seek out innovations and efficiencies made possible by the crisis. He warns against catastrophic thinking or ruminating about irrational worst-case outcomes. This is unhelpful in every case and can also become a self-fulfilling prophecy, he concludes.