Why Some Companies Emerge Stronger and Better from a Crisis

Why Some Companies Emerge Stronger and Better from a Crisis
Author :
Publisher : AMACOM
Total Pages : 260
Release :
ISBN-10 : 9780814416303
ISBN-13 : 0814416306
Rating : 4/5 (03 Downloads)

Synopsis Why Some Companies Emerge Stronger and Better from a Crisis by : Ian I. Mitroff

Do your company and employees have the necessary "IQ" not only to withstand a crisis but also come through it with strength and confidence? Like many companies over the last few years, yours has probably done a great deal to reassess its physical, strategic, and financial vulnerabilities. However, there is a huge difference between business continuity planning and true crisis management. Ian Mitroff outlines seven distinct competencies your organization needs to handle crises effectively: Right Heart (emotional IQ): By accepting crisis as an inevitability, you can process much of the shock and grief beforehand, and avoid making the effects of the crisis even worse through an unconstructive response. Right Thinking (creative IQ): "Crises don’t care about the ways in which we have organized the world," so out-of-the-box thinking is essential. Right Social and Political IQ: Understand that your business is subject not only to the pitfalls of its industry, but to the universal and complex challenges that threaten all companies. Right Integration (integrative IQ): Realize that crises are perceived differently by different stakeholders, and are never simple "exercises" that can be "solved." Identify and reconcile these perceptions now so that the path is clear when the crisis strikes. Right Technical IQ: "Think like a controlled paranoid" to uncover ways in which malicious forces could cause a crisis in your company. Question every assumption about what is "normal," "impossible," or "absurd." Right Aesthetic IQ: Reconsider the classic design of the corporation, which is meant to address problems as they arise, and move toward one in which crisis management is an overarching discipline on a par with, for example, finance. Spiritual IQ: Reject the notion that people’s physical, mental, and spiritual beings are completely separate; and establish ahead of time why our work is, and must remain, important to us on many different levels. Although crisis management has taken on new urgency in recent turbulent times, the need for careful planning did not originate on September 11, 2001. Mitroff’s examples, drawn from interviews conducted both before and after the 2001 attacks during his 25 years of experience, demonstrate the need for action -- and offer a blueprint for taking it.

Dirty Rotten Strategies

Dirty Rotten Strategies
Author :
Publisher : Stanford University Press
Total Pages : 233
Release :
ISBN-10 : 9780804759960
ISBN-13 : 0804759960
Rating : 4/5 (60 Downloads)

Synopsis Dirty Rotten Strategies by : Ian I. Mitroff

Discusses how and why organizations and special interest groups of all kinds attempt to solve the wrong problems with intricate solutions.

CRISIS MANAGEMENT: THE ART OF SUCCESS & FAILURE

CRISIS MANAGEMENT: THE ART OF SUCCESS & FAILURE
Author :
Publisher : Hillcrest Publishing Group
Total Pages : 456
Release :
ISBN-10 : 9781635051506
ISBN-13 : 1635051509
Rating : 4/5 (06 Downloads)

Synopsis CRISIS MANAGEMENT: THE ART OF SUCCESS & FAILURE by : Yunus D. Saleh

No matter where we work or what we do, there is no stopping the fact that, at some point in our lives, we will encounter a crisis. How an individual responsible for dealing with these types of situations reacts is ultimately the deciding factor as to whether or not they come out safely on the other side. Crisis Management: The Art of Success and Failure focuses on different types of crises, symptoms, and models that recurrently threaten business and political environments. Pulling from no better teacher than history itself, Crisis Management is broken into 30 case studies that provide analysis and theoretical approaches that explore both successful and unsuccessful examples of management in the midst of crisis. While focusing primarily on business and politics, Crisis Management is a powerful tool for all readers who wish to understand how to better tackle crises when they arise. Learning how to remain calm and deal with critical situations is a skill that can be learned and mastered.

Constructing Crisis

Constructing Crisis
Author :
Publisher : Cambridge University Press
Total Pages : 319
Release :
ISBN-10 : 9781108427357
ISBN-13 : 1108427359
Rating : 4/5 (57 Downloads)

Synopsis Constructing Crisis by : Bert Spector

Crises aren't real objective events. Instead, Spector demonstrates they are claims of urgency imposed by leaders to assert power and exert control.

Fit for Growth

Fit for Growth
Author :
Publisher : John Wiley & Sons
Total Pages : 296
Release :
ISBN-10 : 9781119268536
ISBN-13 : 1119268532
Rating : 4/5 (36 Downloads)

Synopsis Fit for Growth by : Vinay Couto

A practical approach to business transformation Fit for Growth* is a unique approach to business transformation that explicitly connects growth strategy with cost management and organization restructuring. Drawing on 70-plus years of strategy consulting experience and in-depth research, the experts at PwC’s Strategy& lay out a winning framework that helps CEOs and senior executives transform their organizations for sustainable, profitable growth. This approach gives structure to strategy while promoting lasting change. Examples from Strategy&’s hundreds of clients illustrate successful transformation on the ground, and illuminate how senior and middle managers are able to take ownership and even thrive during difficult periods of transition. Throughout the Fit for Growth process, the focus is on maintaining consistent high-value performance while enabling fundamental change. Strategy& has helped major clients around the globe achieve significant and sustained results with its research-backed approach to restructuring and cost reduction. This book provides practical guidance for leveraging that expertise to make the choices that allow companies to: Achieve growth while reducing costs Manage transformation and transition productively Create lasting competitive advantage Deliver reliable, high-value performance Sustainable success is founded on efficiency and high performance. Companies are always looking to do more with less, but their efforts often work against them in the long run. Total business transformation requires total buy-in, and it entails a series of decisions that must not be made lightly. The Fit for Growth approach provides a clear strategy and practical framework for growth-oriented change, with expert guidance on getting it right. *Fit for Growth is a registered service mark of PwC Strategy& Inc. in the United States

Emerging Malaysia

Emerging Malaysia
Author :
Publisher : Partridge Publishing Singapore
Total Pages : 186
Release :
ISBN-10 : 9781482881073
ISBN-13 : 1482881071
Rating : 4/5 (73 Downloads)

Synopsis Emerging Malaysia by : Rossilah Jamil

Being stuck in the middle between the finest nations and the hardly surviving ones is not easy. Hence, the next step forward is to move ahead and fly even higher rather than to be trapped forever or slipping backward into the past. Yet the greatest challenge of an emerging economy in this twenty-first century is to create, and then maintain, that critical leap to a world-class economy. This book discusses such a stage of consistent struggle through a focus toward sustainable development. Numerous books delved into emerging economies, yet none concentrates on Malaysia. This particular nation provides a unique trajectory for growth that calls for comparison and contrast with other nations that experience growth. Each chapter of the book offers grounds to the development of a framework for progress and sustainability. This book drops the complacency of past wins of the nation and openly addresses the critical issues surrounding the emphasis for growth from different industry contexts. As the book is fundamentally based on theory and research, it practically lends a resourceful ground for academia as well as postgraduate students who are searching for current and relevant literature on development studies, emerging economies, and management of organizations.

You're It

You're It
Author :
Publisher : PublicAffairs
Total Pages : 318
Release :
ISBN-10 : 9781541768055
ISBN-13 : 1541768051
Rating : 4/5 (55 Downloads)

Synopsis You're It by : Leonard J. Marcus

Become a better crisis leader while equipping yourself with the tools for every day transformative leadership Today, in an instant, leaders can find themselves face-to-face with crisis. An active shooter. A media controversy. A data breach. In You're It, the faculty of the National Preparedness Leadership Initiative at Harvard University takes you to the front lines of some of the toughest decisions facing our nation's leaders-from how to mobilize during a hurricane or in the aftermath of a bombing to halting a raging pandemic. They also take readers through the tough decision-making inside the world's largest companies, hottest startups, and leading nonprofits. The authors introduce readers to the pragmatic model and methods of Meta-Leadership. They show you how to understand what is happening during a moment of crisis and change, what to do about it, and how to hone these skills to lead high-performing teams. Then, when crisis hits, you can pivot to be the leader people follow when it matters most. A book for turbulent times, You're It is essential reading for anyone preparing to lead an adaptive team through crisis and change.

The Resilient Organization: How Adaptive Cultures Thrive Even When Strategy Fails

The Resilient Organization: How Adaptive Cultures Thrive Even When Strategy Fails
Author :
Publisher : McGraw Hill Professional
Total Pages : 286
Release :
ISBN-10 : 9780071740562
ISBN-13 : 0071740562
Rating : 4/5 (62 Downloads)

Synopsis The Resilient Organization: How Adaptive Cultures Thrive Even When Strategy Fails by : Liisa Välikangas

WHAT DOES IT MEAN TO BE A "RESILIENT" ORGANIZATION? It means you are not a prisoner of past performance, good or bad; you don't rely on the right leader alone for success but build the capability to be resilient into the organization. You constantly rehearse the culture of anticipating and responding to change, and you innovate even when you don't yet need to. You don't just survive, you thrive--amidst challenge and opportunity. This essential guide, written by a renowned expert in global resilience strategy, shows you how to be smart about success and failure. With these field-tested forward-focused tools, you can: SURVIVE SHOCKS AND SETBACKS TURN THREATS INTO OPPORTUNITIES ANTICIPATE CHANGE BEFORE IT HAPPENS ENSURE YOUR SUCCESS IS SUSTAINABLE As a bonus, the book features Postcards from the Resilient Edge, a powerhouse selection of frontline lessons from leading corporations that demonstrate ways you can marshal skill and master luck to take control of your organization's destiny. THE DEFINITIVE GUIDE TO THE NEW RESILIENCE MOVEMENT One of the most powerful trends born of the New Recession, resilience has become the operative word for business leaders and entrepreneurs facing an unpredictable market. On the forefront of this movement, global innovator and strategy consultant professor Liisa Välikangas has created a step-by-step system of proven survival strategies you can put into action immediately. Whether you need to bounce back from a downturn, take the fight to new competitors, or change your game plan at a moment's notice, The Resilient Organization shows you how to rethink your current strategies--and rebuild your company’s foundation--using four basic tools . . . INNOVATION with high impact and low overhead DESIGN that is robust, sustainable, and evolvable ADAPTABILITY to changing circumstances STRENGTH in the face of adversity By creating a culture of resilience in your organization, you'll be prepared for any challenge the future might hold. The Resilient Organization's fascinating case studies provide real-world examples of resilience in action: how to recover faster from hardships, how to experiment on new opportunities in a timely manner, how to avoid repeating bad business decisions, and when to scrap old strategiesthat just don't work anymore. Using the timetested principles of resilience, you can find golden opportunities in any situation--whether it's tough competition, reduced resources, or a roller-coaster market. If you're strategically resilient, you not only survive crises, but you can turn these crises into opportunities. LIISA VÄLIKANGAS, PH.D., is professor of innovation management at the Aalto University School of Economics (formerly Helsinki School of Economics) in Finland. She is the cofounder and president of Innovation Democracy, a nonprofi t global organization dedicated to supporting local innovation and entrepreneurship. Her research on innovation, strategy, and organization has been published in Harvard Business Review, MIT/Sloan Management Review, and The Wall Street Journal. With Gary Hamel, she coauthored the Harvard Business Review article "The Quest for Resilience" and cofounded the Woodside Institute, a research organization dedicated to advancing management innovation. Professor Välikangas currently divides her time between Helsinki and California.

Encyclopedia of Crisis Management

Encyclopedia of Crisis Management
Author :
Publisher : SAGE Publications
Total Pages : 1177
Release :
ISBN-10 : 9781506354996
ISBN-13 : 1506354998
Rating : 4/5 (96 Downloads)

Synopsis Encyclopedia of Crisis Management by : K. Bradley Penuel

Although now a growing and respectable research field, crisis management—as a formal area of study—is relatively young, having emerged since the 1980s following a succession of such calamities as the Bhopal gas leak, Chernobyl nuclear accident, Space Shuttle Challenger loss, and Exxon Valdez oil spill. Analysis of organizational failures that caused such events helped drive the emerging field of crisis management. Simultaneously, the world has experienced a number of devastating natural disasters: Hurricane Katrina, the Japanese earthquake and tsunami, etc. From such crises, both human-induced and natural, we have learned our modern, tightly interconnected and interdependent society is simply more vulnerable to disruption than in the past. This interconnectedness is made possible in part by crisis management and increases our reliance upon it. As such, crisis management is as beneficial and crucial today as information technology has become over the last few decades. Crisis is varied and unavoidable. While the examples highlighted above were extreme, we see crisis every day within organizations, governments, businesses and the economy. A true crisis differs from a "routine" emergency, such as a water pipe bursting in the kitchen. Per one definition, "it is associated with urgent, high-stakes challenges in which the outcomes can vary widely (and are very negative at one end of the spectrum) and will depend on the actions taken by those involved." Successfully engaging, dealing with, and working through a crisis requires an understanding of options and tools for individual and joint decision making. Our Encyclopedia of Crisis Management comprehensively overviews concepts and techniques for effectively assessing, analyzing, managing, and resolving crises, whether they be organizational, business, community, or political. From general theories and concepts exploring the meaning and causes of crisis to practical strategies and techniques relevant to crises of specific types, crisis management is thoroughly explored. Features & Benefits: A collection of 385 signed entries are organized in A-to-Z fashion in 2 volumes available in both print and electronic formats. Entries conclude with Cross-References and Further Readings to guide students to in-depth resources. Selected entries feature boxed case studies, providing students with "lessons learned" in how various crises were successfully or unsuccessfully managed and why. Although organized A-to-Z, a thematic "Reader′s Guide" in the front matter groups related entries by broad areas (e.g., Agencies & Organizations, Theories & Techniques, Economic Crises, etc.). Also in the front matter, a Chronology provides students with historical perspective on the development of crisis management as a discrete field of study. The work concludes with a comprehensive Index, which—in the electronic version—combines with the Reader′s Guide and Cross-References to provide thorough search-and-browse capabilities. A template for an "All-Hazards Preparedness Plan" is provided the backmatter; the electronic version of this allows students to explore customized response plans for crises of various sorts. Appendices also include a Resource Guide to classic books, journals, and internet resources in the field, a Glossary, and a vetted list of crisis management-related degree programs, crisis management conferences, etc.

Effective Crisis Communication

Effective Crisis Communication
Author :
Publisher : SAGE Publications
Total Pages : 265
Release :
ISBN-10 : 9781412980340
ISBN-13 : 1412980348
Rating : 4/5 (40 Downloads)

Synopsis Effective Crisis Communication by : Robert R. Ulmer

In this fully updated Second Edition, three of today’s most respected crisis/risk communication scholars provide the latest theory, practice, and innovative approaches for handling crisis. This acclaimed book presents the discourse of renewal as a theory to manage crises effectively. The book provides 15 in-depth case studies that highlight successes and failures in dealing with core issues of crisis leadership, managing uncertainty, communicating effectively, understanding risk, promoting communication ethics, enabling organizational learning, and producing renewing responses to crisis. Unlike other crisis communication texts, this book answers the question, “What now?” and explains how organizations can and should emerge from crisis.