AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Communicating with stakeholders in a crisis.(Selected Topic)

Business Credit

| April 01, 2004 | Epstein, Michael J. | COPYRIGHT 2004 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Successful business turnarounds depend largely on two elements (and perhaps a bit of luck): Dramatic change in the operating economics of the business, and communicating, through every phase of the turnaround, how these changes will improve the position of all constituencies. In good times, a company owes its primary responsibility to its shareholders. However, in troubled and potentially insolvent times, management's primary responsibility shifts to the interests of all stakeholders, including banks, bondholders, trade vendors, employees, customers and sometimes even government agencies. Management will need the support of all of these constituencies to make a turnaround ...

Related articles from newspapers, magazines, journals, and more
Crisis
Dictionary definition from: New Dictionary of the History of Ideas Starn, Randolph January 1, 2005 700+ words
...in the concept of crisis and account for much of its appeal. Crises, to be regarded...pronouncements on crisis in one of his lectures...1860s. Historical crises typically begin with...an epistemology of crisis in "paradigm shifts...literatures. The crises of the Italian Renaissance...
Crisis management's new role in educational settings.(Report)
Magazine article from: The Clearing House Gainey, Barbara S. July 1, 2009 700+ words
...however, the percentage of companies with crisis or emergency plans has decreased...half of the United States companies surveyed had crisis management plans, only 60 percent of companies had crisis plans, in contrast to 64...
Economic Crises
Encyclopedia entry from: International Encyclopedia of the Social Sciences January 1, 2008 700+ words
Economic Crises An economic crisis is typically defined as “...1919-1996) recognized. The crisis thus encompasses the early months of a recession, including financial crisis. Crises are usually reserved for the most...
Crises: one after another for the life of the system. (Exchange).
Magazine article from: Monthly Review November 1, 2002 700+ words
...state to contain crises." They later...slowdown does not a crisis make. The structural...from that earlier crisis. On the general...question of economic crises in capitalism...a long-term crisis. The purpose of analyzing crises of accumulation...
Crisis Communication Center Sees Tremendous Increase in Crisis Planning...
Press release article from: Business Wire December 20, 2001 700+ words
...seminars for their company or industry association...up our dedicated Crisis Communication Center...communication, companies had to be able to...quickly. That meant a company had to be totally...moved traditional crisis response to a new higher standard. Companies have to be ...
CRISIS MANAGEMENT PLANNING.(Feature)
Magazine article from: Security Technology & Design March 1, 2007 700+ words
...of an organizational crisis management plan are clear...well known1 Define the crisis in terms that are applicable...face different types of crises depending on their focus...real terms the family of crises that could threaten the...organization to deal with the crisis immediately before ...
Financial crises: characteristics and indicators of vulnerability.(includes...
Magazine article from: World Economic Outlook May 1, 1998 700+ words
...the 1994-95 "tequila crisis"), as well as in east Asia (the 1997-98 crises in Indonesia, Korea...peppered with financial crises, especially banking crises - two notable examples were the Barings Crisis of 1890, which bears...
Crisis Coalition Launched by Eleven Leading Communications Consulting Firms
Press release article from: PR Newswire September 25, 1996 700+ words
...audiences, Crisis Coalition...widely covered crises involving...Harrison Company, Washington...lawsuits, Crisis Coalition...communications in crises involving...confidence in company and management...stages of crises, often with...worsened the crisis. ...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA