Rumours are another form of crisis, which surfaces when false information is relayed against the products, or the performance of an organization (Coombs, 2007). From the above classifications of crises, it can be ascertained that the characteristics occur within a defined area and they differ from each other depending on the underlying factors. James & Wooten (2005) have noted that the above types of crises can be sudden or smouldering. The sudden crises are unprecedented and cannot be controlled thus the organization cannot be held liable in any way.
On the other hand, Smouldering crises are internal issues, mainly beginning from the negligence of the managers to gain a status of a crisis. James & Wooten (2005) have purported that the closure of many firms results largely from their overwhelming by smouldering crises. Crisis Management according to Lockwood (2005) is a set of guidelines that have been pre-set as ways of preparing to respond to any forms of crises like those mentioned above. In other words, any unknown threats are always approximately premeditated just in case they occur.
Issues are the uprising and contemporary matters that may arise in a business. They affect the business both internally and externally. Issues will rise in the fight to gain profit in the business, as it is the core aim of a business. The managerial team will work to conquer all the risks that are vulnerable in order to attain the reward, which is the profit (Heath, 2009). It is henceforth a workload to institution’s board of directors to work and acquire the balance of both the risk and reward.
Due to this, they may be in a position to draw any kinds of helpful advice from other successful marketers. They should also pay keen attention to the operations and their financial teams. Bosses require the big picture view to formulate workable and sufficient decisions and work hand in hand with the advisers to bring out the best result (Heath, 2002). Communication is one of the main issues to be put across in any kind of business. Information is required to keep the business running and in the best position.
This is by learning their audiences, markets and the public (Fassin, 2009). It is important that they maintain a close link with their customers, as they are the consumers of the products. Their advisers should advise them on the efficient skills to convey their information to the public. However, challenges and tribulations may arise while trying to reach the public and it is up to the institution to appreciate the differences that may result from the audiences when the opposite result is achieved.
They should also identify the right time to convey their message and the right people. This is a rather difficult step since a lot of research and questionnaires ought to be used in this method (Regester, 2009). They should also calculate and analyze the cost required in creating products and the methods required in the brand identity. Realizing the cost will help curb any future losses and will help create a better finance saving methodology (Weiss, 2008). . The issue of gender equality is one that has raised concerns all over the world with women wanting to be treated equally as men especially in senior positions.
Approximately women form a half of the world population. In spite of this large number of women, only one in every five people in senior positions holds management roles. The reason for this limited number, it is claimed, is because child bearing as well as raising them holds most of them, and it can be hard for them to handle senior posts effectively (King 2012). It has been observed that stronger markets can only grow at a healthy rate if and only if women have been included in the senior positions, while its imbalance can hinder the prospects of business growth (McKinsey & Company, 2007).
Gender equality is an issue of importance that can prove to be effective if well embraced all over the world. Despite the fact that many people have viewed it as a crisis in organization with women fighting for domination, it is actually not so if closer examination can be given to it.
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