Briefly explain why it is important to communicate with stakeholders during an MPR crisis
What will be an ideal response?
People with an interest in your organization should not be surprised. Think about how you would feel if you found out you were about to be laid off from your job by reading it in the newspaper rather than by hearing it from your boss. Consider all of the stakeholders involved in the situation and make sure that they hear about a crisis at a time and in a way that is appropriate to their relationship to the firm and the issue at hand. Good stakeholder communication also keeps everyone "on the same page" and minimizes the chance of conflicting stories reaching the media.
You might also like to view...
Which of the following concepts of cash is not appropriate to use in preparing the statement of cash flows?
A) cash B) cash and money market funds C) cash and cash equivalents D) cash and U.S. treasury bonds
In 1993, The United States withdrew from participation in the General Agreement on Tariffs and Trade (GATT)
Indicate whether the statement is true or false
You are considering purchasing a new automobile with the upfront cost of $26,000 or leasing it from the dealer for a period of 48 months. The dealer offers you 2.80% APR financing for 48 months (with payments made at the end of the month)
Assuming you finance the entire $26,000 through the dealer, your monthly payments will be closest to ________. A) $459 B) $688 C) $573 D) $802
Shipping a high-priced component via air is never a cost-effective option
a. True b. False Indicate whether the statement is true or false