Another great WSJ article on the management issues at News Corp. There were a couple of quotes which sums things up really well and tie into our text.
"The penalty for missteps in the early phase of a corporate crisis—expense, lost reputation, distraction—can be brutally high."
This is talked about in our text in chapter 5. Companies need to have a solid plan for business continuity in order to address issues that come up that interrupt a companies normal business operations. One of the things mentioned was loss of a companies reputation.
Another quote from the article:
"How the company manages the next stage of the crisis will determine one of two things: Will News Corp. be able to start rebuilding its reputation? Or will the crisis worsen into a more serious attack on the leadership of the company?"
If companies don't have a solid plan for addressing serious issues that come up it can become their downfall.
Below is a video taken from WSJ web page discussing the management issues at News Corp.
http://online.wsj.com/article/SB10001424052702304567604576456222770513148.html?industry=IND_MEDIA&isub=
No comments:
Post a Comment