Find your own topic Essay Example | Topics and Well Written Essays - 500 words

Find your own topic - Essay Example Some of these responses include the company giving no response to the situation in the hope that it dies down by itself. The corporate can also deny about the knowledge of such a crisis happening. However, this can have severe consequences on the image of the company and the best way to tackle this is to attend to the situation. The firm can be civil and offer an excuse for the crisis occurring as a small mistake that will be rectified in due time. The acknowledgement of the crisis being there by the firm and consenting to be the root cause of the crisis but offering an argument that the severity of the crisis is small compared to how it has been portrayed is another response that the corporate can give. The firm may also agree to the severity of the crisis and accept responsibility. These are the various ways through which a company will respond, and are believed to be the most effective in such a situation. Only few circumstances test a company’s image in the eyes of the public or its competency than crisis. When a crisis happens in a company whether its implications are immediate or take several days or months and even years, it affects stakeholders within and outside the company. The implications of this crisis are severe and can lead to the fall of a corporate and business. Some of these may be that customers will cancel any orders that they may have made. Employees of a company will also raise hard questions on the management of the business and even the handling of a crisis by the management. The directors also have to answer some questions while competitors also sense a great deal of an opportunity to take over and even benefit from the crisis. A crisis will not offer itself as a conventional management practice. Some of the various ways to deal with any form of a crisis may not actually work in the conventional