Researching a contemporary crisis situation in the media

Full Answer Section

Recommendations for Improvement (Manager's Perspective):

• From a manager's standpoint, propose specific actions to improve the current situation.
• Link your recommendations to relevant crisis management concepts from your readings:
  • Improved communication: Recommend holding regular press conferences, briefings, or using internal communication channels to keep stakeholders informed.
  • Transparency and accountability: Emphasize the importance of honest communication about the situation and take responsibility for any mistakes.
  • Decisive leadership: Advocate for clear and timely decisions from leadership to address the crisis and inspire confidence.
  • Employee engagement: Suggest ways to keep employees informed, engaged, and supported during the crisis.
  • Learning and adaptation: Recommend conducting a post-crisis review to identify areas for improvement in preparation for future challenges.

Example:

Crisis: Global Supply Chain Disruptions

Analysis: The COVID-19 pandemic and geopolitical tensions have significantly disrupted global supply chains. This has led to product shortages, price hikes, and production delays for various industries.

Recommendations:

• Improved communication: Managers can hold regular meetings with suppliers and customers to discuss challenges and adjust expectations.
• Transparency and accountability: Companies should be transparent about the impact on production and delivery times.
• Diversification: Managers can explore diversifying suppliers and production locations to reduce dependence on single sources.
• Building resilience: Invest in contingency plans to adapt to unexpected disruptions, such as increased inventory or alternative transportation routes.

Remember:

• Tailor your analysis and recommendations to the specific crisis you choose.
• Use evidence and concepts from your readings to support your arguments.
• Focus on actionable steps a manager can take to improve the situation.

By following this approach, you can effectively analyze a contemporary crisis and propose relevant managerial solutions based on your class learnings.

Sample Answer

1. Choose a Crisis:

• Pick a recent crisis situation from a reputable news source.

2. Background and Analysis:

• Briefly describe the crisis, including the who, what, when, and where.
• Analyze what happened and how it happened. Consider potential contributing factors based on your readings in class, such as:
  • Lack of scenario planning or risk management.
  • Ineffective communication or leadership.
  • Failure to adapt to the evolving situation.
  • Ignoring or downplaying early warning signs.