The Financial Crisis: Issues in Business, Finance and Global Economics
In: Business Economics in a Rapidly-Changing World
Intro -- THE FINANCIAL CRISIS: ISSUES IN BUSINESS, FINANCE AND GLOBAL ECONOMICS -- THE FINANCIAL CRISIS: ISSUES IN BUSINESS, FINANCE AND GLOBAL ECONOMICS -- CONTENTS -- PREFACE -- CAUSES OF THE FINANCIAL CRISIS -- SUMMARY -- INTRODUCTION -- GREED WITHOUT TRUST: FINANCIAL CRISIS AND THE BREAK-DOWN IN SPONTANEOUS ORDER -- ABSTRACT -- INTRODUCTION -- GREED AND TRUST -- THE DISSIPATION OF TRUST AND THE BREAK-DOWN IN SPONTANEOUS ORDER -- REFERENCES -- ELEMENTS FOR AN EFFECTIVE MANAGEMENT OF A BUSINESS CORPORATION CRISIS SITUATION -- ABSTRACT -- 1. INTRODUCTION -- 2. THE DEFINITION OF A CRISIS -- 3. TYPES OF CRISES -- 4. CRISIS MANAGEMENT -- 5. CRISIS MANAGEMENT PRINCIPLES -- 1. Understand Media Interest in a Crisis Situation and How They are Going to Handle It -- 2. Define the Problem That Cause the Crisis Situation and Determine the Best Strategy to Follow in Order to Reduce to the Minimum the Negative Impact in the Business Corporation Activities -- 3. Ensure Compliance with All Legal and Regulatory Matters Established by the Competent Government Authorities -- 4. Manage the Flow of Information Associated with the Crisis -- 5. Assume That the Worst Scenario Will Appears and That the Situation Will Escalate and Get Worse Before It Get Better -- 6. Remember All Constituencies When Dealing with a Crisis Situation -- 7. Measure Results Achieve in Managing the Crisis in Real Time -- 8. Identify the Facts That Need to Be Measured -- 9. Avoid Looking or Sounding too Defensive and Resist Being Drawn into a Situation That Could Weakness the Position of the Business Corporation during the Crisis Situation -- 10. Speedy Communication Is Essential, Especially with the Media and the Public -- 6. ASSEMBLE A CRISIS MANAGEMENT TEAM -- 7. CRISIS MANAGEMENT TEAM OPERATIONAL PRINCIPLES -- 8. THE TEN MOST COMMON MISTAKES MADE IN A CRISIS SITUATION.