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Business Finance – Management Homework

Homework 

Navigating a Crisis

Due: Week 6 (20%)

Overview

As a leader, you will face multiple crises. While you will easily weather many bad situations, there may be some that will seriously threaten your company and your reputation. How you respond to crises, especially crises of trust, will determine your fate. You must use appropriate communication tools to emerge victorious. In your course materials, Jack identifies five principles for managing a crisis:

1.

1. Assume the worst

2. There are no secrets

3. Your crisis management will not be portrayed favorably

4. Your organization will undergo changes

5. Your organization will come out of the crisis stronger

Additionally, Warren Buffett emphasizes four critical steps in managing a PR crisis:

1.

1. Get it 
right

2. Get it 
fast

3. Get it 
out

4. Get it 
over

 

For this assignment, you will apply key concepts from your course materials to respond to a public relations crisis. 
NOTE: Before beginning work on this assignment, review your materials from Weeks 5 and 6.

Your responses in 
Part One: Memo Outline must include 
specific references to course materials addressing the principles and practices of effective crisis management that you are deploying in your internal memo and include an explanation for 
why you are doing so.

 

In your Week 5 discussion question, you identified and addressed a public relations crisis that an organization faced. In this assignment, using that same crisis, you will turn your attention to crafting an 
internal communication in the form of a memo to be shared by email.

You will write your memo from the perspective of a leader within that company. The memo will be addressed to your team members and will communicate information about the crisis and your response. Your assignment will be composed of 
two parts: (1) an outline of your key points and communication strategy and (2) the actual memo.

Instructions

Part 1: Memo Outline

Create an outline of your memo in which you summarize 
four communication objectives and your 
strategy to achieve each of those objectives. Think of this as your “game plan.” This outline should be 
no more than one page in length. You may use bullets and sentence fragments if you like. The outline’s purpose is to help you organize your messaging and create a roadmap for the final version of the memo. Your outline should address the following:

1. The Nature of the Crisis

1.

1.

a. What are the 2-3 most critical points that must be presented in the memo to accurately summarize the nature of the crisis without going into non-essential details?

b.
Why are you focusing on these points?

2. The Factors That Led to the Crisis

1.

1.

a. What key circumstances – decisions, mistakes, timelines, personnel, and/or departments caused the crisis?

b.
Why are you focusing on these?

3. The Impact on Stakeholders (both Internal and External)

1.

1.

a. What are the most important adverse outcomes you want to highlight in your memo?

b. Why are you focusing on these?

c. Are there any outcomes you do NOT want to include in the memo? 
Why?

4. The Plan to Resolve the Crisis

1.

1.

a. What are the critical next steps to get through the crisis?

b. Who will own these steps, and what are the timelines?

c. What do you need from your team?

d.
Why are you focusing on these actions?

Part 2: Memo

Create a 1- to 2- page internal memo to be sent to your team members via email based on your outline. Make sure you cover the following:

1.

1. The nature of the crisis

2. The factors that led to the crisis

3. The impact on stakeholders

4. The plan, including how the company – and you – are responding to the situation, and the steps your team members should take, including what, if anything, they need to do differently

Submission Requirements

· Your memo should be typed, double-spaced, with a blank line between paragraphs, using a professional font (size 10-12).

· Your memo should include headings and subheadings to identify main topics and subtopics with one-inch margins on all sides.

· Your submission should include a Cover page containing the assignment’s title, your professor’s name, the course title, and the date.

· Application of course material or other resources is needed. References and in-text citations must be included and provide appropriate information that enables the reader to locate the original source. Use the 
Writing Standards Guide in the 
Course Documents to guide you in formatting your citations.

· The length of 2 to 3 pages does 
not include your Cover page or References page.

· Begin your 1- to 2- page internal memo with the following headings aligned to the left:

· TO: 
Fill in your team’s name (e.g., Sales Department, Accounting Team)

· FROM: 
Fill in your name

· DATE: 
Fill in the due date

· RE: 
Insert an appropriate subject line

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