Such is the nature of financial, political, social, and economic organizations. The responsibility of resolving these issues are often left to the hands of the managers and the members of the organizations. However, the process of…
The facts of the crisis shall first be set forth and laid out, including the facts which gave rise to the crisis and the facts relating to individuals in the organization and their response to the crisis. It shall discuss the extent to which the organization had a code of conduct or set of principles, statement of values, or policies in place in order to respond to the crisis. Finally, this paper shall assess whether the individual decision-makers within the organization acted in a morally responsible manner.
In 2000, Toyota launched its ‘Construction of Cost Competitiveness for the 21st Century’ program which was meant to cut the costs of 180 key car parts by 30 percent, with the aim of saving about $10 billion by the year 2005 (Kim & Bailey “Article”). In February of 2004, the National Highway Traffic Safety Administration (NHTSA) initiated a review of complaints on electronic throttle control malfunction on the Lexus ES300; the investigation was resolved without a finding of defect in the vehicle (Kim & Bailey “Article”). At about the same time, Private Insurer State Farm informed the NHTSA of some incidents on unintended acceleration in 2002 and 2003 Lexus ES300 and the Toyota Camrys (Kim & Bailey “Article”). By the end of the year, similar complaints added up to 20% of all unintended acceleration incidents in 2004. Another investigation by the NHTSA was conducted on August 2005 on the 2002-2005 models of the Camry, Solara, and Lexus ES300; and still no defect findings were found by the NHTSA (Kim & Bailey, “Article”). When global recalls on Toyota cars increased in 2006, Toyota head Katsuaki Watanabe issued an apology, citing quality glitches on some of its cars. Consequently, Toyota models were delayed for about a year (Kim & Bailey, “Article”).
In March of 2007, another investigation by the NHTSA was initiated, this time on pedal entrapment concerns on the ...
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(Crisis Within an Organization Research Paper Example | Topics and Well Written Essays - 2750 Words)
“Crisis Within an Organization Research Paper Example | Topics and Well Written Essays - 2750 Words”, n.d. https://studentshare.net/miscellaneous/396294-crisis-within-an-organization.
Organizations have various mechanisms at their disposal to communicate in times of crisis. Coombs has developed a comprehensive model that organizations employ during crisis management. Organization crisis is defined as an event which is serious enough to be involve government or media attention and that puts the company’s existence in jeopardy, throttling its positive image in the public and putting at stake the long term sustainability of its stakeholders.
There is number of factors which give birth to financial crisis. The most common trigger noticed behind the occurrence of financial crisis is the negative behavior of investors, which includes panic, anxiety and fear. The most adverse consequence of financial crisis is that they usually have ripple effect, which means that the bankruptcy of a single major financial institution will result in collapse of many other related financial institutes.
This may come in any form and can devastate the present circumstances and can lead to difficult situations. Such occurrences are often termed as crisis. It is therefore defined as a major, unpredictable and upsetting event that intimidates to harm. Even though crisis is an unpredictable form of event, but it is not unanticipated.
One of these conditions indicates to a situation where the operations of an organization are disrupted challenging the assumptions made by managers and employees. The other condition indicates to a situation where which presents a serious threat for the survival of the organization1.
The essay will mostly be based on the economic situation of Qatar, one of the countries in the Gulf area, as an example of how the last global financial crisis affected the countries; economy. Although the financial crisis began in the Western countries, its impact was felt across the world, with most economies feeling the impact.
The present paper focuses on how to effectively deal with crisis situations. The paper takes into consideration various situations from the past and provides an analysis on how they were managed and what could have been done to
According to the report social media has always been used by most organizations as a means of communicating with the masses as well as relating with the public or clientele served by the organization. The public relations endeavor must be capable of bringing together the internal and external functioning of the organization.
It is suggested that European illegal immigrant problem together with the armed conflict in Syria has become the focus on the United Nations Organization which means that the forces of the global community will be directed to solve it. Also it should be mentioned is that the European countries are now able to reflect on the experience that they had.
6 Pages(1500 words)Research Paper
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