Silent Spill – The Organization of an Industrial Crisis
Silent Spill – The Organization for an Industrial Crisis
This book investigates how organizations in crisis should communicate in order to minimize or restore reputational damage. A number of experimental studies examine the impact of three dimensions of crisis communication, namely the content, timing and framing. The content of crisis communication involves the degree of responsibility that an organization takes for a crisis. Organizations can for instance fully reject responsibility by means of denial or take responsibility by apologizing. The timing of crisis communication relates to whether an organization in crisis choses to self-disclose incriminating information or waits for a third party to disclose the events before offering a response. Finally, the framing that was investigated in this book refers to rational crisis communication on the one hand and emotional crisis communication on the other hand. Can spokespersons of an organization in crisis express their genuine emotions or should they remain as rational as possible? The findings illustrate the importance of crisis communication in restoring consumers’ confidence in organizations.
Liberalization, Privatization and Globalization gave India an embodiment of sustainable growth process. One manifestation of such growth can be found in the stock and Forex markets. It is likely that there exists a dynamic relationship between stock price and exchange rate. A glimpse of that dynamism was manifested during the Asian crisis of 1997-1998. Recent global financial turmoil gives enough evidence to revisit the issue extensively. This book tries to examine the causality in foreign exchange and stock markets in India. Furthermore, to help the government to manage the financial crisis as well the fund managers to realize the market mechanism deeply and at the same time help them in preparing their strategies for global investment; the volatility dynamics has been incorporated in this work. Thus, the book attempts to examine some empirical issues about volatility linkages between foreign exchange and stock market of India around the recent financial crisis of 2007-2008.
Industrial Organization is a central branch of microeconomics that has historically provoked a great deal of debate among economists. Drawing on this background, the author examines the economics of markets, industries, and their participants, and in doing so addresses the implications for public policy towards the business behaviour of firms. Examining both US Antitrust and EU Competition Policy, Industrial Organization in Context takes an international approach and employs classic and contemporary examples throughout to show how key theories are put into action. Experimental tests of models will help you to grasp essential economic questions, while the discussion of economic history allows you to understand where we are today by appreciating how we got there.
This book in microeconomics focuses on the strategic analysis of markets under imperfect competition, incomplete information, and incentives. Part I of the book covers imperfect competition, from monopoly and regulation to the strategic analysis of oligopolistic markets. Part II explains the analytics of risk, stochastic dominance, and risk aversion, supplemented with a variety of applications from different areas in economics. Part III focuses on markets and incentives under incomplete information, including a comprehensive introduction to the theory of auctions, which plays an important role in modern economics.
Since 1961, Thailand has pursued the National Economic and Social Development Plans which brought about the changing of development direction; from agricultural to industrial basis, in the continuing and increasing manner. The main activities of industrial-based development were to develop goods for export promotion, invite the foreign investment, as well as promote Thailand tourism. The activities were conducted under the managerial principles of industrial businesses, both in manufacturing and servicing features. Then, the activities could affect Thai people in agricultural sector by changing their working status, from self-employers to industrial-employed workers in different cultural work-circumstances. Those Thai people had to learn and adapt more to fit the new working culture. By the end of 2007, the major economic crisis, flown from the powerful United States of America, had the effect on trade and investment activities in Thailand. Hence, the development of organizational culture, concerning employee’s commitment, has been significant for organization’s stability.
The current study revisits the Turkish crises in last two decades. Most crucial fact was found that the dynamic relationship between Turkish stock market and Turkish Foreign exchange markets exists. As an empirical part, the study analyzes this relationship and made use of one of most advanced applied econometric models in order determine this dynamic linkage. The study also brings focus to volatility contagion spillover effect around Turkish financial crisis in last two decades. In order to determine such dynamic relationship, the Multivariate GARCH model is used in the study. The Istanbul Stock exchange market (ISE), The American Dow Jones Index (Dow Jones) and Deutsche Borse Ag German Stock Index (DAX) used as stock markets and Turkish Lira-Dollar, Turkish Lira-Euro currency pairs were used as corresponding foreign exchange market The results justify that the dynamic relationship increases around the Turkish Financial crises and decreases before and after crises.
During crises companies face threats to their reputation. Consequently, profitability, competitiveness and the legitimacy to operate in society are at a severe risk. In order to deflect these negative outcomes, companies respond through communication, with their various stakeholders. This book demonstrates how intelligence on existing relationships between the company and its different stakeholders provides the most effective means to strategically respond to crises. This research project, conducted in Germany, establishes in detail how constructs like reputation and relationships are measured. The methodology discussed in the book confirms a mechanism that extracts patterns of collective social knowledge. The data is used to predict effects of crisis response messages on stakeholders. This offers communicators the flexibility and precision needed to craft persuasive messages for specific crisis scenarios. As businesses become virtual, media more interactive and the world more interconnected, the future of competitive advantage will depend on how intangible assets are managed.
Goldman ?ussr In Crisis? – The Failure Of An Economic System
Goldman ?ussr In Crisis? – The Failure Of An Economic System
This book is an introduction to the modeling of oil spill or water contaminants towards transport processes in the environment. It presents a new approach to illustrate how the geostrophic approximation can be systematically exploited to produce a deterministic dynamical framework adequate for the calculation of motions of large time and space scales. The dynamical field may be determined based on Kelvin propagation wave theory as a new hydrodynamic model and calibrated by measurements. Wind data may be determined by using Weibull probability distribution to apply for oil spill modeling. The suggested procedure is an attempt to find a simple way towards taking advantage of developments in environmental Modeling. As an example, it is verified and applied in the Persian Gulf to provide the capability of simulating oil spill accidents leading to oil spill hazard contour maps and find how to optimize the location of cleaning vessels by minimizing the oil spill damage.
To execute the strategy implementation more effectively, this study proposes an integrated model combining the resource-based view of ‘McKinsey 7S’ and the industrial organization point of view. The model was tested through collecting primary data from employees of a disguised transformer manufacturer (TRANSCO). The findings prove that neither the resource-based nor the industrial organization is effective independently towards solving the strategy implementation problem, although the study suggests that the resource-based view is more reasonable than the industrial organization viewpoint. Indeed, the model of this study, which combines both viewpoints by employing the strategy formulation and the balanced scorecard, offers a more comprehensive solution and contributes to resolving the most difficult stage of strategic management—strategy implementation.
A financial service organization implemented the Consolidation Project to offset declines in the economy and operational revenue. This exploratory study examined the relationships between transformational, transactional, and laissez-faire leadership styles of departmental leaders and their subordinates’ perceived extra effort, leadership effectiveness, satisfaction of leadership, and perception of change in a crisis situation. The Multifactor Leadership Questionnaire (Form 5X-Short) survey (Bass & Avolio, 2004), perception of change questions, the full range leadership model (Antonakis, Avolio, & Sivasubramaniam, 2003), and comparative analysis were used to analyze these relationships. The results of this research supported previous studies in that the participating leaders possessed the transformational leadership behaviors required to obtain employee buy-in and sustain the successful implementation of the Consolidation Project. This research through comparative analysis demonstrated the link between transformational leadership style and employee perception in sustaining organizational change success and preventing crisis reoccurrence.