Week 3 Flashcards

1
Q

What are each readings definition of issues management?

A
  1. Coombs
  2. Straub & Jonkman: practice of monitoring and anticipating emerging trends changes, or potential concerns that may affect an organization
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2
Q

Which interpretive tool does Coombs identify?

A

environmental scan and data collection

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3
Q

What do both readings say about environmental scanning?

A

Coombs:

Straub: The practice of boradly observing and monitoring the external environment to detect changes, emerging issues, and trends that could potentially affect an organization. Especially important in the digital age

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4
Q

When is something as issue?

A
  1. a contestable difference of opninion
  2. a gap between expectation and action (organization and shareholders)
  3. issue as an event, trend of condition which creates or has potential to significant impacts that affect the organization
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5
Q

What is OODA?

A

1) O: Observe: find red flags, identify sources to scan

2) O: Orient: collect information and analyze information

3 & 4) D & A: Decide & Act: take preventative action

5) Evaluate: effectiveness of threat reduction

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6
Q

Jones and Chase model

A
  1. issue identification
  2. issue analysis
  3. issue change strategy option
  4. Issue action program
  5. Evaluation
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7
Q

1) OBSERVE (STEP ONE)

A

Finding the red flags
identify sources to scan

Traditional
Digital/Online
Risk assessment sources
Reputation Sources: RepTrak, Trust Barometer

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8
Q

What is Affleck’s RadarScan?

A

Is essentially RACE with more detail
soul (step 1)

scan (step 1)

Analyze (step 2)

strategy (steps 3&4)

communications (steps 3&4)

review (steps 5)

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9
Q

2) ORIENT (STEP TWO)

A

collect information through
- content analysis, interview, surveys, focus groups, organizational information, customer complaints, stakeholder maps

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10
Q

3) ORIENT (STEP TWO)

A
  1. issue/Crisis threat=likliehood x organizational impact x stakeholder impact
  2. three steps are the issue/crisis-sensing mechanism
    - locating the source of issue/risk/crisis information
    - funneling the information to a central point
    - making sure the information is analyzed
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11
Q

4) DECIDE & ACT (steps 3 &4)

A
  1. crisis managers determine whether to take action once threats have been evaluated
  2. If a threat is serious enough, action is taken to diffuse it
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12
Q

What is a Paracrisis?

A
  • situations where crisis managers must publically manage a crisis threat
  • likely to occur from rumours, challenges and product harm
  • Six responses: refusal, refutation, repression, recognition/reception, revision, reform
  • Coombs example: recall
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13
Q

Affleck’s focus ring

A

centre: strategic impact issues
“what will sink the ship?”

middle ring: critical issues
“wont sink the ship, but still important”

outer ring: watching issues
“no action required aside from watching”

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14
Q
  1. EVALUATE
A
  • Compare what went good and what didn’t
  • Did you close the expectation gap?
    survey stakeholders for feedback
    -
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15
Q

Coombs

Crisis Proofing

A

be crisis resistant
impossible to be resistant to all crises

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16
Q

Crisis Mitigation

A

resolve risks before they become a crisis
lessen rather than prevent
Way to build resilience

17
Q

Factors in Risk Mitigation

A

Gray RHINOS: high impact, high probability known risks ignored by management

Known and unknown risks

18
Q

3 response strategies to a crisis

A
  1. acknolwdegment of the problem without taking action
  2. reaffirming organizational values
  3. dissociation from negative actions

The response strategy chosen depends on the perceived power and threat of the crisis and stakeholders, the cost of changes, and alignment with the organization’s strategy.

19
Q

OODA LOOP

A

Observe: Identifying stimuli or problems in the environment.
Orient: Analyzing information to make sense of the situation.
Decide: Selecting a course of action in response to the stimuli.
Act: Initiating the chosen course of action and reviewing the effects.

It helps with the decision-making process during risk mitigation efforts.

20
Q

crucial facotrs when assessing stakeholder influence (3)

A

Power: ability to impact and organization
Legitimacy: concern is valid or not
Willingness: readiness to take action

21
Q
A