The Executive Director / Chairman / Managing Director should be consulted in preparing a plan to deal with the company's Crisis Communications. Based on the above statement, state your opinion whether you agree or disagree with the statement by submitting three (3) arguments
Crisis management is one of the most important initiatives that are to be taken by the organization during the events of unexpected events. It is definitely important to have the participation and opinion of the Executive Director / Chairman / Managing Director while preparing the plan for this. The three main arguments are as below-
The involvement of the Executive Director / Chairman / Managing Director plays a very important role in the planning of the crisis management as these individuals can provide the valuable insight in the prevention of the crisis and effectively mitigating it
Being the leaders of the organizations, Executive Director / Chairman / Managing Director play a major role in the promotion of the environment and culture in the organization to have the better and effective crisis management policies As these people are the leaders, so without their involvement, thee other employees will not follow the crisis management initiatives
These people help in developing a good reputation among the public and this will help in the resiliency of the organization. The reputation is created with the help of corporate values, a culture that is mainly promoted and maintained by the top executives. So they must have the involvement in the planning
The Executive Director / Chairman / Managing Director should be consulted in preparing a plan to...
Use the Internet to research a business that is familiar to you(any business). Take a note on its current business strategy. discuss the current business strategy of the business you have chosen. Reflect on the concept that small-business ideas prove themselves when customers start buying and discuss whether you agree or disagree with this statement. Discuss whether the customer comes first or the business plan comes first. Then, give your opinion on whether a formal business plan should be in...
After preparing the Accounts, the Accountant declared
a profit of Gh926,800 for the period ended 31st December 2018. the
Human Resource Manager said 'if we made so much as profit, why is
our cash balance only Gh40,000?' Give any Three reasons for this
reference.
CENTRAL UNIVERSITY MBA - FINANCIAL PLANNING TEST 1 ANSWER ALL QUESTIONS - February, 2020 After preparing the Accounts, the Accountant declared a profit of Ghe926,800 for the period ended 31 December 2018. The Human Resource Manager...
Problem 7-28 Make or buy Analysis {LO-7-3} “in my opinion, we ought to stop making our own drums and accept that outside accept supplier’s offer,” said Wim Niewindt, managing director of Antilles Refining, N.V, of Aruba. “At a price of $18 per drum, we would be paying $5 less, than it costs us to manufacture the drums in our own plant. Since we use 60,000 drums a year that would be an annual cost savings of $300,000. Antilles Refining’s current...
The executive education (EE) unit at the Business School of Central State University offers both open-enrollment (anyone can sign up) and custom (designed for a specific client) executive education programs. CSU has just received an inquiry from a prospective client about its prices for leadership seminars. The prospective client wants bids for three alternative activity levels: (1) one seminar with 20 participants, (2) four seminars with 20 participants each (80 participants total), or (3) eight seminars with 140 participants in...
You are a member of the senior executive group at your company. The company has a reputation of compensating its executives at a very high level. In fact your own compensation appears to be at least 50% above that of your peers in like companies. Due to pressure from the founder who recently sold a significant interest in the company but has retained a controlling interest in the company and now lives in another state the company is considering developing...
The executive educaton (EE) unt at the Business School of Central State University offers both opan-enrollment (anyone can sign un, and custom designed for a specific client) executive education programs, CSU has just received an inquiry from a prospective client about its prices for leadership serinars. The prospective dierl wants bids for three alternative activity levels: (1) une seminar with 20 particiganis, 2) four minars with 20 participants each 180 articipants lial), Dr (3) eighi serninars with 140 participants in...
Sky Plasties: Activity-Based Costing System Case Study Mr. Sami Sultan, Chairman of Sky Plastics, was studying a schedule showing the product costs for each of the company's three plastic water containers. He had been thinking of how to increase the while facing the international competition for plastic water containers. Usually, Sami time to review company's performance reports. Since profits were being made, Sami believed that company's exports did not spend a lot of accounting to was the responsibility of the...
7. Provide your response to the following revised statement taken from "Keep in Touch," written by Mary Judd, Winnipeg author. (2 marks) "When a resident is cognitively impaired, does it really matter whether he/she is attractively dressed? Are we just trying to make an impression on visitors and other residents? If the confused resident doesn't know or care how he/she is dressed, why should we? It's not bothering him/her." A cc 2015 Section IV. Module 11. Cognitive and Mental Health...
3) Once your business is operational, it's essential to plan and tighty manage its finansal performance. Creating a budgeting process is the most effective way to keep your business - and its finances-on track. There are three main components necessary for creating a cash budget. They are: Time period. Desired cash position. Estimated Sales and Expenses 1. Expected cash receipts. 2. Cash sales. 3. Collections of accounts receivable. 4. Other income. A cash budget is important for a variety of...
Select a large U.S. public corporation in your pathway (Business) that interests you. It should be on the Fortune 500 list. Using the company's most recent annual report (or Form 10-K) from the company's Investor Relations web page and other credible internet sources, develop a short (1.5 to 2 page) profile of the corporation. Obtain and attach a PDF version of the most recent annual report (or Form 10-K) from the company's web site. Include the following information: Name of...