Management
12th Edition
ISBN: 9781305393462
Author: DAFT, Richard L.
Publisher: South-Western College Pub
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Question
Chapter 7, Problem 2DQ
Summary Introduction
To determine:
How Western Digital Thailand used both the prevention and preparation stages of crisis planning.
Introduction:
Planning is a process of making the plan before executing any work. The process of planning includes identification of goals and objectives, formulation of strategies, creating the means required and implementation and monitoring.
Crisis planning is done to deal with the unexpected crisis like the natural disaster, human-made disaster and accidents etc. Crisis planning has its two faces; Crisis preventions and Crisis preparation.
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- Discuss the importance of contingency planning in the context of strategic management, and analyze how it helps organizations navigate uncertainties and unforeseen events.arrow_forwardExplore the concept of crisis management planning. What steps should organizations take to prepare for and respond to crises effectively?arrow_forwardCompany: Coca Cola Topics: Sustainability & Community Write a report and make a presentation about a news story relating to a business interacting with the external environment. The story should relate to one of the topics, have occurred within the past 5 years, and must be business-related. Define and describe the two topics covered and there relevancy to that story Summarize the news story you chose and why this is an example of a business interacting with its external environment (what happened / what is happening) What was the outcome, or what is the intended outcome of this interaction between the business and its external environment. Which stakeholders are impacted by this interaction?arrow_forward
- What are the potential risks and uncertainties associated with planning, and how can organizations mitigate these risks through contingency planning and risk management strategies?arrow_forwardHow can organizations use scenario planning to prepare for potential future events and challenges? What are some best practices for conducting scenario planning exercises?arrow_forwardDescribe the process of Conducting a Situation Analysis?arrow_forward
- In planning for a crisis, the leader has to focus on five integrated tasks. These tasks include all of the following EXCEPT: communicate regular updates on the planning process to all employees. establish strategic goals and program objectives for crisis management. coordinate the creation of a crisis management plan. formulate an overarching vision of crisis management for the organization.arrow_forwardWhy scenario planning is one of the most useful tools in strategic management and organization development?arrow_forwardIn the midst of the COVID-19 pandemic, a multinational corporation faced numerous challenges that required swift and effective crisis management. With employees working remotely and supply chains disrupted, the company had to adapt quickly to ensure business continuity. The management team implemented a robust crisis management plan that included regular communication with employees, suppliers, and customers, a flexible remote work policy, and the development of new product lines to meet changing customer needs. This proactive approach not only ensured the company's survival but also positioned it for future growth in a post-pandemic world. Question: How did the company's crisis management strategy impact its long-term success and resilience in the face of unexpected challenges?arrow_forward
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