Corporate Crisis: Addressing Issues and Staff Management Strategies

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Added on  2021/06/15

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AI Summary
This presentation delves into the multifaceted nature of corporate crisis management, examining its definition, impact, and the crucial role of strategic responses. It outlines the potential effects of corporate crises, such as reputational damage and decreased employee morale, while also highlighting the importance of proactive measures. The presentation covers major crisis occurrences, including negative media attention and conflicts of interest, and proposes strategies for addressing these issues, emphasizing the significance of staff management and organizational culture. Recommendations include fostering a positive organizational culture through recognition and rewards. The presentation also references relevant academic research, such as the work of Helm & Tolsdorf (2013) and Sojung et al. (2017), to support its arguments and offers insights into practical applications for managing and mitigating corporate crises.
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Managing People and Teams
Name
Institution
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Scope of the Study
The presentation majors on;
The concept introductory of corporate crisis
Effects on the performance of the organization
Major examples of corporate crisis issues facing
organizations
Recommendations with focus on the staffs
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Introduction
Definition of corporate crisis
It entails unexpected and disruptive events that can
potentially cause harm to organization
Has effect on all the organization’s stakeholders
Either reduces or Improves employees performance
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Effect on the Performance of the Clinic
What impact will corporate crisis have on the
organization?
creates bad reputation to the company
Reduces the employees moral
Reduces customer's trust hence lowering the turnover
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Major Examples of Corporate Crisis
in the organization, the following are the major issues;
employees’ absenteeism
Negative media attention
Group and individual conflicts
Product and services recalls(Helm & Tolsdorf 2013,p.187)
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Strategic Steps used in Addressing the Issues
The steps need to focus on:
Investigative analysis on the crisis cause
Addressing the specific attentions to eliminate accusations
unit as the organizational workforce in addressing the
pressing issue
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Major Crisis Occurrences
In most cases, the corporate crisis occur on both large
and small business
Media attention-Subjects the corporate to the public
domain
Organizational behavior- In most cases the CEO fails to
clear the crisis issues
Outcome- the aggressive media tends to dig more deeper
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Conflicts with Interest Groups
Conflicts arises among the employees of different
cultural, social and environmental background
Conflict might also arise in the situations when the
company fights back to protect itself from the public
domain
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Strategic Steps in Addressing Corporate
Crisis
Staffs
in addressing the issue, the organization needs to
understand that the staff ;
- Are the major backbone of organizational success
- Foster development of organization-customer relations
- Behaviors can either build or destroy the organization’s
reputation
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Cont.…
Proper Planning
Address employees and public issues
Prevents further spread of the rumor
Shows organizational concerns and responsibility
Provides platforms for press statements
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Handling Strategies suitable for the
organization
A lot of changes have occurred on todays ways of how
industries handle business
Reasons Rapid technological advancement , stiff
competition, market changes such as consumer
preferences(Sojung et al. 2017,p.1087)
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Adopting a Positive Culture
To ensure a positive organizational cultures, the following
should be entailed:
Recognition and Reward of good performance
Is the most practical way of employee motivation
NSF achieves employee motivation through valuing
The motivations include : promotions, gifts, salary
increment etc.
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