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BE Seminar (2)

BE Seminar (2)

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Published by pankajkapse

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Published by: pankajkapse on Oct 30, 2010
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10/30/2010

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SEMINAR REPORT: II
Subject: Business EnvironmentMBA SY Sem III
PANKAJ KAPSERoll No: 18MBA SY Sem IIISRTMUNSub Centre LATUR
 
CRISIS MANAGEMENT IN TODAY'S BUSINESS ENVIRONMENT: BE'S STRATEGIC ROLE 
Abstract Today's business environment requires a robust, enterprise-wide plan to deal withunexpected crises. Company reputation and brand, as well as the trust and loyalty of stakeholders, are all critical factors in the background of crisis management. At the helm,HR leaders play a strategic role in organizational sustainability to contribute tangibledeliverables through advance preparation, including safety and security initiatives,leadership development, talent management and solid communication plans to support crisis management.Introduction
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Crisis management and HR's role 
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Crisis management for HR: a host of potential legal complications await... 
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volving Role of HR, The 
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anaging a downturn: when the economy turns stormy, HR can help the... 
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W
hen an
E
mployee's Crisis Becomes HR's Problem "A commitment to planning today will help support employees, customers,the community, the local economy and even the country. It also protectsyour business investment and gives your company a better chance forsurvival."(1)Never before has crisis management been more important. As recent events haveshown, the business community, as well as communities at large, is vulnerable todisruptions that can be extremely costly.
E
xamples of recent crises that resulted in lost lives, displaced families and communities, shutdown businesses and damaged economy arehurricanes Rita and Katrina, the London bombings, the South Asia tsunami, the Northeast blackout and the September 11 terrorist attacks. Other serious events, such as financialfailure from poor business management, workplace violence, fires, cybercrime, computerviruses, product tampering or union strikes, can also lead to substantial damage and loss.The SHR
M
2005 Disaster Preparedness Survey Report indicates that as a result of theSeptember 11 terrorist attacks 56% of organizations created or revised their disasterpreparedness plans but 45% of organizations did not.(2) In view of today's risk environment, these findings are cause for concern. Companiescontinue to think "it will not happen here"

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