Crisis management can be defined as the pre-established activities as well as the guidelines of the organizations that can help to prepare for and also respond to the significant incidents or catastrophic events like fires, workplace violence, kidnapping, the act of terrorism and storms, in a safe and efficient manner. With the help of crisis management planning, the organizations can be prepared in an efficient manner for handling all the unforeseen events that might be responsible for causing irreparable or serious damage. In the nutshell, the crisis is defined as the period of breakdown and is considered as a turning point or a time of economic crisis.