Crisis management - a strategic leadership approach Introduction The past decade has been wrought with crises on both a domestic and international scale. It has been marked by a glut of organizational crises including natural disasters‚ technology disruption‚ and acts of terrorism‚ scandals‚ and financial mismanagement. Yet‚ many leaders are ill-prepared for the important role they may need to play in leading an organization through a crisis. At the beginning of the decade people all over
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Jimmy Carter and the Iranian Hostage Crisis Since 1908‚ the United States have repositioned their foreign interests towards the Middle East for the abundance of Petroleum within the region. Attracting the west‚ Britain and the United States have maintained a dominating role in Iran for their rich supply of oil. In 1953‚ Prime Minister Mohammed Mossadegh nationalized the Iranian oil fields. The United States responded by implementing a coup d’état in Iran‚ overthrowing Mossadegh‚ and placing “Shah”
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The Cuban missile crisis was a defining event of the Cold War‚ and the study and analysis of how it was managed and resolved quickly became a staple of graduate courses dealing with American diplomacy. Attorney General Robert F. Kennedy has been credited with a preponderant voice among the President’s advisers in devising a solution to the crisis that avoided war with the USSR; but this essay‚ drawing on meeting transcripts and other contemporary documentation‚ argues that his role was more nuanced
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Question 1 Hank Paulson played a critical role in the financial crisis of 2008. How did Mr. Paulson help create the environment that led up to the financial crisis? What mistakes did he make as Secretary of Treasury when he had to manage the financial crisis of 2008? Do you think Mr. Paulson acted as an unbiased Secretary of the Treasury or did his background at Goldman impact his thinking and his actions? As Secretary of Treasury‚ Hank Paulson’s lax supervision let too many subprime mortgage
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BANKING PAPER REQUIEREMENTS My paper will discusses about the link between both crisis in Greece and Argentina‚ what we have learnt since this crisis and what are the common mistakes committed by both. Economic environment “Eleven years after the financial crisis of 2001‚ which led to the largest default in history (75 billion Euros)‚ Argentina has reimbursed‚ the August 3‚ the last holders of securities issued during the freezing of assets‚ called "corralito" ("small enclosure")
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Assess the short term impact of the Cuban Missile Crisis on relations between the United States and the Soviet Union. On October 22‚ 1962‚ after reviewing newly acquired intelligence‚ President John F. Kennedy informed the world that the Soviet Union was building secret missile bases in Cuba‚ a mere 90 miles off the shores of Florida. After weighing such options as an armed invasion of Cuba and air strikes against the missiles‚ Kennedy decided on a less dangerous response. In addition to demanding
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Northern Rock’ Crisis Northern Rock is one of the top mortgage lenders in the United Kingdom. According to Council of Mortgage Lender statistics‚ the bank was ranked one of the top five mortgage bank. The bank served loans‚ insurance and savings account as their core business. Some secured loans also have been promoted to their existing customer. That loans business was underwritten by Ventura. For home and contents insurance‚ it was administered by AXA. While‚ Legal & Generals was arrange stock
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SEVEN DIMENSIONS OF CRISIS COMMUNICATION MANAGEMENT: A STRATEGIC ANALYSIS AND PLANNING MODEL The most challenging part of crisis communication management is reacting - with the right response - quickly. This is because behavior always precedes communication. Non-behavior or inappropriate behavior leads to spin‚ not communication. In emergencies‚ it’s the non-action and the resulting spin that cause embarrassment‚ humiliation‚ prolonged visibility‚ and unnecessary litigation. Helping management
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analysing the key communication and operational strategies used by AirAsia to overcome this crisis. 2. Crisis Event‚ Timeline and Responses Causing loss of lives‚ this crash tragedy is considered a crisis due to the unpredictable event that threatens the important expectancies of the stakeholders and seriously impacts the performance of AirAsia as the organisation (Coombs‚ 2012‚ p. 2). Moreover‚ if this crisis is not assessed properly‚ this tragedy will put its reputation into risk (Doorley & Garcia
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Just after ten years of Asian financial crisis‚ another major financial crisis now concern for all developed and some developing countries is “Global Financial Crisis 2008.” It is beginning with the bankruptcy of Lehman Brothers on Sunday‚ September 14‚ 2008 and spread like a flood. At first U.S banking sector fall in a great liquidity crisis and simultaneously around the world stock markets have fallen‚ large financial institutions have collapsed or been bought out‚ and governments in even the wealthiest
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