Suppose you are the CEO of a major corporation and one of your company's oil tanks hs ruptured, spilling thousands of gallons into a river that empties into the ocean. What do you need to handle the crisis?
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Suppose you are the CEO of a major corporation and one of your company's oil tanks hs ruptured, spilling thousands of gallons into a river that empties into the ocean. What do you need to handle the crisis?
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- Answer on these two senarios: Senario 1: You have decided to form a new start-up company developing applications for the iPhone. Give examples of the three distinct types of financial decisions you will need to make. Senario 2: You are the CEO of a company and you are considering entering into an agreement to have your company buy another company. You think the price might be too high, but you will be the CEO of the combined, much larger, company. You know that when the company gets bigger, your pay and prestige will increase. What is the nature of the agency conflict here and how is it related to ethical considerations?You are the compliance officer at the hospital in the case below. Discuss your concerns, if any. Then discuss how you might address the issue. Three years ago, when Suburban Hospital found itself in financial trouble, it hired Allan Hale as a senior administrator on the basis of his experience in revitalizing a large health care corporation. In reviewing hospital billing practices, Hale immediately noticed that the coding of a given medical condition significantly affected reimbursement. He instituted new policy such that, whenever there was an ambiguity in a patient's diagnosis, clerks would enter the most remunerative code possible. Hale has also found the billing department too cautious in its reimbursement claims for expenses such as interest charges for the facilities under Medicaid and Medicare programs. He has directed that whenever there is any doubt, staff should claim the maximum amount. As a realist, however, he has instructed accounting personnel to develop two…Suppose you work in a police station or a law firm and signed a confidentiality agreement regarding all their cases at hand, suddenly your friend who was a suspect to a crime asked you for some documents that are in your office's possession that may help him in his case. How would you deal with the situation? Briefly write your reaction to this seenario.
- Crisis management is a critical aspect of organizational leadership, focusing on the effective handling of unexpected events that pose significant threats to an organization's reputation, operations, or stakeholders. These crises can range from natural disasters and technological failures to public relations scandals and financial crises. Successful crisis management involves proactive planning, clear communication, swilt decision-making, and coordinated actions to mitigate the impact of the crisis and restore normal operations as quickly as possible. Organizations that excel in crisis management often prioritize risk assessment, develop comprehensive response plans, and cultivate a culture of resilience and adaptability Question: What are some key elements of an effective crisis management plan, and how can organizations ensure that they are adequately prepared to respond to various types of crises?You are an employee working in the accounts office of Ukweli company listed on the Nairobi stock Exchange, and while working late one evening during the week, you realized that you had left your expensive pen in the boardroom at an earlier meeting and, given its value, you went upstairs to look for it. As you approached the door you heard the following discussion which was between the company C.E.O (Chief Executive Office and Brian (a Non -Executive director). “C. E.O: I am deeply concerned that if this fall in profit figures is disclosed in the next annual report, there will be all sorts of problems with the shareholders. We may even lose a number of big investors. Brian (also the cousin of the Chief Executive): (large sigh) Well, I suppose we could always find a way of making them look better. C.E.O: How? I can't see it at all. Brian: Well, we could make them just slightly higher than last year's figures by including the proceeds of the sales of our toothbrush division. C.E O: But…Generally, Crises affect businesses negatively and therefore, many businesses revise their policies to cope with the challenging situation. Currently, COVID-19 adversely affects almost every business in the world. To keep employees, retain and engage is one of the main challenges for organizations and many organizations are trying to tackle this challenge through various alternatives. Consider yourself as an HR manager of a Pharmaceutical company in Karachi and answer the following policy questions asked by your top management Q1. What are those factors that you will consider for designing the incentive plan to retain your best employees (i.e. direct financial payments or indirect financial payments)? (Support your answer with an example. Q2. Critically evaluate which approach is best suited to evaluate the compensation of employees in the current situation? Support your answer with an example.…
- Assume that an amazing job is offered to you by a campus to collect funds for the SZABIST’s sports program and you accepted that offer. You are now told to draft a fundraising letter. If you want to raise as much money as possible, would it be better if the text of that section mentioned that your business school is ranked among the best leading university in the nation in sports or that you are better than 99 percent of other businessschools at sports? Explain this behavior?While working as a new employee at the Defense Contracting Audit Agency, you noticed that a fellow employee was studying intensely for the Financial Accounting section of the CPA test. You planned to sit for that test section in two months, and your colleague was sitting for that test section next Thursday. On Thursday evening, you phoned your friend to see how she was doing after the test. She thanked you for being considerate and told you that she was emotionally drained. Nonetheless, she then kept you on the phone for 15 minutes, telling you about the “nasty” Statement of Cash Flows and Consolidation problems she encountered. What is the ethical issue? Did either of you commit a discreditable act under the Code of Conduct?"people are our greatest asset”. Quickly, you will be met with hundreds of matches, which appear to debate and contradict this premise. After reviewing a few, take a stance, and argue why people are or are not the most important asset of an organization. Furthermore, link your argument to how an organization should invest in people through training and professional development programs.
- How can a sudden crisis affect a business reputation and it's image and can it be possible to prevent it?ScenarioYou are member of a team of consultants who address company policies and how those policies are successfully communicated and implemented. You have been hired by SolarWinds after the CEO publicly stated that a massive security breach was tied to an intern’s password choices. The company would like you to create a policy to ensure the situation does not happen again – but also suggest ways to improvethe company culture so that better security is positively and consistently valued.TimelineAfter each team member individually assesses the SolarWinds situation, your team will come together and write a concise policy to address the situation to help change and improve the company culture. Remember to address different areas of leadership and their responsibilities includes the new policy, and example of how that policy applies, and a list of recommendations to improve company culture around security. Background:…Leading in Crisis Why is it essential that management explain to their employees what the organization is doing about a crisis?