...UNITED STATES SPORTS ACADEMY Crisis Communications A Class Paper Submitted for SAM 551 Public Relations in Sports Professor: Dr. Tim Newman Timothy J Hawkins Daphne, Alabama March 19, 2013 PR professionals don't anticipate crises, rather they, take the opportunity just as athletes, to "train and prepare" for a crisis and the ensuing need for a communication strategy. Well at least some do. The scandal at Penn State University shows not all are prepared for a crisis when it arises. When something of this magnitude hits a college campus the fate of the school lies in the hands of the public relations professional at the school. All sport teams and colleges should have a crisis communication plan and plan of action in place. Hopefully one they never have to use but the exercise of getting your event team together or your staff and going through a "what if" scenario for several key or major milestones in the event, is essential. The time to prepare for a crisis might seem like time that is not well spent. With lots of little details to manage, taking time out to put into place a plan, just in case, seems almost trivial to some event planners and marketers. The Penn State University officials handled the situation poorly. The mistakes that they made were many. The public relation reps should not have delayed a response to allegations. What the reps and the athletic department should have done was to face the public promptly clarifying misconceptions...
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...of being sustainable. Even government owned banks are focused on the short-term profit but, shouldn’t they give the good example? As we approach the end of 2015, the financial crisis is just as nearly over and people still suffer from it. But, banks are again beginning to speculate with the money of the hard working society. People are no longer willing to tolerate the greed of the financial system and thus put pressure on them as well as on the government to set a guideline for these institutes to be more sustainable. But what does it mean being more sustainable? What measures need to be put into considerations for a change towards sustainability? What can bank managers do to ensure that the deposits of customers will be invested in sustainable investments? This report will focus on the change management plans that can be structured by the Bundesbank to play a role in influencing a more sustainable economy in the EU. Through the guideline outlined in this report, enforced strategies can be developed to make sure that in 5 years all measures taken by Bundesbank will promote sustainability. This should influence banks in the EU to become more sustainable and reduce or even remove future risks from economic bubbles. In order for Bundesbank to implement change, this report will use the change models to describe how the bank can tackle internal and external issues as result of the governmental pressure for policy change. CHAPTER 1: REASON FOR CHANGE According to...
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...risks as they arise but also to reduce or eliminate future risks. With that said, Baderman Island Resort should have a solid HR risk management strategy plan in place in order to ensure future success for the organization. As we create a complete risk management strategy plan for Baderman Island Resort the following will be included: risk assessment and management program, health and safety programs, succession plan, and crisis contingency plan. The risk assessment and management program for Baderman Island Resort is designed to keep all employees and guests safe, trained and well informed. As for their health and safety program there are two important concerns that need to be addressed as we design the HR risk management strategy plan, these objectives include overall resort safety and promoting wellness. Employee wellness programs are important, as Baderman Island Resort wants to boost morale, improve health and fitness and increase productivity in the workplace. Succession planning is an integral piece of an organization as it determines how successful an organization will be in the future as employees move on to new roles. Creating an aggressive succession plan prepares the organization for crises that they may face regardless of how new the organization may be. Last but not least crisis contingency planning is also an important piece of a risk management strategy plan. Since, Baderman...
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...Lyn Klein Economics for Global Managers Professor Victoria Vernon Module 3 Case Study: European Union 7/3/14 The EU is facing a banking crisis. There are insolvent banks in Ireland and Spain, as well as other nations. They lent out too much money, often against real estate. There were real estate bubbles then the value of real estate fell and borrowers could not always pay back the loans. The Greek banking crisis was caused by the government spending too much and borrowing too much money. The economy collapsed causing the banks to be insolvent. Before the collapse banking was conservative. When a nation has insolvent banks belonging to the Euro zone make that problem much worse. There were silent funs on Greek banks, with capital flight; people are pulling their money out of the Greek banks and sending it elsewhere, making the Greek economy worse. The common currency zone escalates the problems. There are also capital and trade imbalances. Germany is exporting a great deal more than it imports, causing capital flows into Germany. Spain and Greece import more than they export so capital flow is out of the country. They need to become more productive at exporting, which is not always easy. In the 2000’s money flowed into periphery countries, borrowing rates were low and capital inflow brought rising standards of living. By 2010’s money was flowing out of the periphery countries and back into Northern Europe. Periphery economies were starved for investment...
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...students an opportunity to show their merit over a 10 week period as opposed to relying on a 30 minute interview. The firm stressed the importance of giving clients the correct information, not making things up or exaggerating, but being upfront and honest, even when you make a mistake. Teamwork was also highly valued at Goldman Sachs. From Goldman’s first days until 1999 (130 years) it had prided itself on serving as an adviser to its clients, with fiduciary responsibility. A fiduciary stood in a special position of trust and obligation where the client was concerned. This role was applicable when the firm was advising the client about how they should best invest money versus pushing the client into investments that generated the largest fees. It was also true in investment banking, when the firm was advising a client whether it should merge with another company. This ideal of doing what is right for the client and not just what is right for the firm was prescribed in the 1970s by former senior partner John Whitehead in his...
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...09-093 July 22, 2009 The Global Financial Crisis of 2008 – 2009: The Role of Greed, Fear and Oligarchs Cate Reavis Free enterprise is always the right answer. The problem with it is that it ignores the human element. It does not take into account the complexities of human behavior. 1 —Andrew Lo, Professor of Finance, MIT Sloan School of Management The problem in the financial sector today is not that a given firm might have enough market share to influence prices; it is that one firm or a small set of interconnected firms, by failing, can bring down the economy. 2 —Simon Johnson, Professor of Entrepreneurship, MIT Sloan School of Management, Former Chief Economist, IMF On October 9, 2007 the Dow Jones Industrial Average set a record by closing at 14,047. One year later, the Dow was just above 8,000, after dropping 21% in the first nine days of October 2008. Major stock markets in other countries had plunged alongside the Dow. Credit markets were nearing paralysis. Companies began to lay off workers in droves and were forced to put off capital investments. Individual consumers were being denied loans for mortgages and college tuitions. After the nine day U.S. stock market plunge, the head of the International Monetary Fund had some sobering words: “Intensifying solvency concerns about a number of the largest U.S.-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown.” 3 1 2 3 Interview with the case writer...
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... ISBN 9 7 8 - 0 - 3 9 3 - 0 7 1 0 1 - 6 W USA $24.95 CAN. $27.50 hat better guide could we have to the 2008 financial crisis and its resolution than our newest Nobel Laureate in Economics, the prolific columnist and author Paul Krugman? In his prescient 1999 classic, The Return of Depression Economics, Krugman surveyed the economic crises that had swept across Asia and Latin America and pointed out that they were a warning for all of us: like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback. In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America. When the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises—and a replay of the 1930s seems all too possible. In this new, greatly updated edition of The Return of Depression Economics, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States and the world up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman's trademark style—lucid...
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...Appendices 12 Reference list 13 Executive summary This report aims to discuss the money market in two countries. Through a series of data and analysis, both historical and future interest rate in these two countries as well as events that lead the trends will be presented in this report. Furthermore, structural change for monetary policy that shows effects on the interest rate trends will be discussed particularly. Meanwhile, concerning the influences that financial instruments would have on the interest rate change, some basic market information such as balance between supply and demand as well as liquidity effect are demonstrated specifically. On the other hand, some forecasts of the interest rate tendency of Australia and china will also be explained. Introduction The core focus on this report is the interest rate, within two countries, Australia and China. The former one’s interest rates are strongly influenced by mining boom, while the latter are significantly manipulated by the outbreak of Asian financial crisis, holding of Olympic Games and eruption of Wenchuan earthquake....
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...Community Preparedness and Response NUR/408 Community Preparedness and Response This paper discusses The Neighborhood - Pearson Health Science season two, episode five at the University of Phoenix student website. The examination of the actions of health care workers in response to the health concerns of key characters will be highlighted including the community hospital, senior center, school, and the Bley household. The role of the preparedness of the public health agencies, who initially responded to the community emergency, and who should monitor the effects on the community health will be assessed. Identification of how public health care teams can enhance the citizens’ preparedness for emergencies will be explored as well as suggestions to improve personal preparedness in a similar community emergent event. The Neighborhood The Neighborhood has a population of 64,200 including all ages from zero to over 90 years-old. An uncontrolled forest fire has been burning for over five days. As firefighters battle the fire, city officials state the community is not in any danger. However, the thick smoke is covering the town. The healthcare workers are working hard to treat people of the community with chronic lung problems (Pearson Health Science, 2009). Hospital The local hospital is a 362 inpatient bed facility (Pearson Health Science, 2009). The raging fire has the emergency room and local offices seeing an increase of patients suffering breathing problems...
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...Foreclosure Crisis in Florida and Beyond: Suggested Conflict Resolution Framework For Resolving this Crisis American Dream (or) American Nightmare [pic] [pic] David W. Puckett Email: dpuckett@dvergence.com Skype: david.w.puckett Twitter: davepuckett@twitter.com Phone: 813.727.3583 Introduction Each day there are stories reported in the news about mortgage foreclosures, detailing the single biggest financial crisis to hit the nation that is creating a strangle-hold on our economy and preventing economic recovery. While the entire nation has been stunned, the crisis has disproportionately affected the states of Florida, Nevada, Arizona, California and Georgia; these states were hit with an unprecedented loss of value in residential real estate. According to the leading provider of real estate industry statistics, Realtytrac.com (2011), one in every 611 United States housing units had a foreclosure filing during the month of July 2011 and it appears that the foreclosure processing delays, combined with the smorgasbord of national and state-level foreclosure prevention efforts such as loan modifications, lender-borrower mediations and mortgage payment assistance for the unemployed may be allowing more distressed homeowners to stave off foreclosure.. A CNBC report said that the falloff in foreclosures is not based on a “robust recovery in the housing market but on short-term interventions and delays that will extend the current housing market...
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...GREEK ECONOMIC CRISIS: CAUSES & EFFECTS Objective: To study the factors that lead to the Greek Economic Crisis and its effects on other other countries including India. A. IMPORTANCE Greece is normally known for mythology and coliseums, but for the past year, and probably well in to the future, Greece is making headlines for less mythical reasons. Greece has earned the reputation of being that family member who can't seem to get out of money trouble and, in turn, is always asking for a loan. Also, like that same family member, the chances of getting that money back isn't high. Greece is on the brink of bankruptcy and many economists believe that they are already bankrupt. Greece's debt has reached 160% of their gross domestic product. When debt reaches 100% of gross domestic product, it is cause for major concern. What's worse, they don't have the capacity to do much about it. Greece can't artificially change the buying power of their currency because they are part of the eurozone, and they can't easily raise taxes because they don't have an efficient or well-developed system of collecting taxes. If all of that isn't enough, the citizens of Greece are growing increasingly upset with their government, which is causing political turmoil as well as economic. Greece owes so much money to other countries that each citizen owes $40,000! 1. We Live in a Global World The world is no longer a collection of countries, many of which have little effect...
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...workers. While this means that employers can keep their employees for longer which means they will have experienced workers and won’t need to spend time and money on training new employees. (http://www.telegraph.co.uk/finance/jobs/10302875/Older-workers-still-have-much-to-offer.html) This article points out the benefits of older workers to the businesses they will work in. However older workers would struggle with manual labour jobs, so they couldn’t be employed to do this. The way these types of companies would work around having older workers is to find a physical fault with their performance so they can be fired. They have to do this because they are not allowed to fire someone just because they are old, this is due to the Equality Act which makes them unable to discriminate. Finding a medical reason such as poor sight or bone problems is how businesses work around this. If discrimination does take place against older workers then these workers will be less motivation and inclined to go to work so this is why discrimination in the work place should not happen, this can be negative for the business. (http://www.theguardian.com/business/2015/jun/11/ageing-uk-population-increase-strain-government-spending-obr-warns) This article shows supporting figures that the aging population will cause more strain for the economically active workers and the economy. Another result of the aging population is...
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...1999 and based out of Baltimore, Maryland, Stansberry Research is the largest independent source of financial insight in the world. It delivers unbiased investment advice to self-directed investors seeking an edge in a wide variety of sectors and market conditions. Stansberry Research has nearly two dozen analysts and researchers – including former hedge-fund managers and buy-side financial experts. They produce a steady stream of timely research on value investing, income generation, resources, biotech, financials, short-selling, macroeconomic analysis, options trading, and more. The company’s unrelenting and uncompromised insight has made it one of the most respected and sought-after research organizations in the financial sector. It has nearly one million readers and more than 500,000 paid subscribers in over 100 countries. About the Author Porter Stansberry founded Stansberry Research in 1999 with the firm’s flagship newsletter, Stansberry’s Investment Advisory. He is also the host of Stansberry Radio, a weekly podcast that is one of the most popular online financial radio shows. Prior to launching Stansberry Research, Porter was the first American editor of the Fleet Street Letter, the world’s oldest English-language financial newsletter. Today, Porter is well-known for doing some of the most important – and often controversial – work in the financial-advisory business. Since he launched Stansberry’s Investment Advisory, his string of...
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...General Motors’ Crisis Communication Plan Public Relations & Corporate Communications Company Overview General Motors (GM) is an American global car manufacturer headquartered in Detroit Michigan. Employing 202,000 people, GM produces automobiles in 31 out of the 157 countries in which it conducts business. In 2011, GM succeeded in surpassing Toyota and Volkswagen with the largest number of sales worldwide, 9.03 million vehicles1. At the heart of General Motor’s charge is customer satisfaction: “At the new General Motors, we are passionate about designing, building and selling the world’s best vehicles. This vision unites us as a team each and every day and is the hallmark of our customer-driven culture.”2 Background Information As the world emerged into the 20th century, automobiles were viewed as new, cutting edge technology. Little did the world know how dependent economies would become on this “carriage with no horses.” In order to meet the growing public demand for automobiles, new companies emerged on a widespread scale. Among the first on the scene was General Motors founder, William “Billy” Durant who founded the company on September 16, 19083. Throughout the first few decades after the company’s creation, General Motors only held possession of Buick Motor Company, but as the years progressed General Motors acquired an additional twenty car manufacturers including Oldsmobile, Cadillac and Oakland, also known as Pontiac. After the world recovered 1 http://www...
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...simple story of four characters that live in a maze and are constantly looking for cheese. Two of the four characters are Hem and Haw, who are little people about the size of mice, they are complex people just like humans. They rely on their emotions, and experience in life to make achievements, but also like humans they can become very comfortable and be oblivious to what is happening around them. The other two characters Sniff and Scurry are mice. They rely more on instinct and their senses to conduct everyday life. Although they are simple minded and not very smart, they do not get hung up emotionally when things work against them. They have the power of adaptation, which allows them to continually maintain a productive life no matter how things change around them. They expect change and are ready and prepared to embrace it, whenever it may occur. "THE CHEESE" represents different things to different people. It is a metaphor for what keeps you going, and what makes you happy. To some people "THE CHEESE" is money, to others it is their job, and to some it is just being able to wake up and be happy that you have a good life, and enjoy living it. Change and the Resistance to Change: As the story begins, one day, the mice (Sniff and Scurry) and the little people (Hem and Haw) find a huge mound of cheese in the maze. The little people feel that the mound of cheese is so large they will never have to find more and begin to think of the mound of cheese as theirs; though they...
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