Dhaka Textiles Ltd, a leading Bangladeshi textile manufacturer, faced a communication crisis when rumors spread among employees about possible benefit cuts. This crisis not only disrupted operations but also damaged the company’s reputation.
W2O Group Function Optimization 2014 reportW2O Group
Over the course of our existence, W2O Group has been working with global organizations, specifically Chief Communications Officers (CCOs), to better organize, structure and fully develop corporate communications as a function, a system, and a set of capabilities to better align with strategic priorities. The report is a compilation of lessons learned, insights gleaned and recommendations for companies of all sizes.
Corporate communications is the strategic use of communication channels to build relationships with key stakeholders, including employees, customers, investors, and the media.
Reputation: How It Is Built and Maintained, and The Role of PRMSL
Businesses are becoming increasingly conscious of the importance of corporate reputation. They have found that it is customers’ perception of a company that drives purchases. It is also what attracts talent and assures partners that they are doing business with somebody they can trust. Ultimately, it is not just the end users that corporations are looking to impress; they are striving to connect with all stakeholders, which include employees, vendors, the community and the government.
MSLGROUP in India and Eikona PR Measurement today announced the launch of their co-authored report, ‘Reputation: How It Is Built and Maintained, and The Role of PR’ which analyses the growing importance of reputation management and its impact on the PR industry.
Reputation: How it is built and maintained, and the role of PR - A report by ...Ashraf Engineer
Businesses are getting increasingly conscious of the power of reputation. It is customers’ perception of a company that drives purchases. It is also what attracts talent and assures partners that they are doing business with somebody they can trust.
So, it’s not just the end users that corporations are looking to impress; they are striving to connect with all stakeholders, which include employees, vendors, the community and the government.
For the public relations (PR) industry, this is a unique opportunity. Its scope is widening from the narrow media relations space to leading the overall brand building and maintainance function. It is now up to the PR industry to evolve from second fiddle to advertising to the leader in the marketing communications ecosystem.
MSLGROUP in India's latest report, co-authored with Eikona PR Measurement, analyses the growing importance of reputation management and its impact on the PR industry.
Some of the points the report makes:
• Reputation is an intangible asset, but its effects are real. It is an invisible, yet powerful influence that can help or hinder a company as it strives to meet its objectives.
• From credit terms to employee retention, reputation has a serious impact.
Reputation management report msl group and eikona pr measurementVikram Kharvi
MSLGROUP in India and Eikona PR Measurement release the executive report – ‘Reputation: How it is built and maintained and the role of PR’
MSL India and Eikona PR Measurement had recently launched a co-authored report titled, ‘Reputation: How it is built and maintained and the role of PR’.
The report analyses the growing importance of reputation management and its impact on the PR industry. Some of the points the report makes:
• Corporate reputations are the sum total of the beliefs held by individuals about companies’ past actions and future potential. It is stakeholders’ collective actions and sentiments – whether to purchase a product, buy shares of the company’s stock, or recommend the company to others – that determine every company’s ability to stay in business.
• Reputation is an intangible asset, but its effects are real. Indeed, reputation is acting on companies all the time — an invisible yet powerful influence that can either help or hinder a company as it strives to meet its objectives.
• From credit terms to employee retention, reputation can have a serious impact. Like gravitational pull, reputation makes it easier or more difficult for your company to get where it needs to go.
Normally, most product categories’ presence in the annual advertising calendar does not exceed four months. On the other hand, PR support for the same products stretches to at least eight months of the calendar, which is a unique opportunity for the PR industry. Its scope is widening from the narrow media relations space to leading the overall brand building and maintenance function. It is now up to the PR industry to evolve from being second fiddle to advertising and corporate communications to becoming the leader in the marketing communications ecosystem.
In India, we are already seeing movement on this. Many corporations are working communications objectives into CEOs’ and other key spokespersons’ key result areas. Corporate communications executives are spending more time with CEOs and MDs. PR is increasingly being acknowledged as a brand-builder on par with other tools.
Jaideep Shergill, CEO, MSLGROUP India, said: “Communicators are calling this the ‘Reputation Economy’, and rightly so. Reputation management could be the fuel for your business’ growth. Through this report, we wish to highlight the importance of reputation on the long-term future of businesses and also that the PR industry in India is uniquely geared to provide the strategic thinking required to build and maintain corporate reputation.”
W2O Group Function Optimization 2014 reportW2O Group
Over the course of our existence, W2O Group has been working with global organizations, specifically Chief Communications Officers (CCOs), to better organize, structure and fully develop corporate communications as a function, a system, and a set of capabilities to better align with strategic priorities. The report is a compilation of lessons learned, insights gleaned and recommendations for companies of all sizes.
Corporate communications is the strategic use of communication channels to build relationships with key stakeholders, including employees, customers, investors, and the media.
Reputation: How It Is Built and Maintained, and The Role of PRMSL
Businesses are becoming increasingly conscious of the importance of corporate reputation. They have found that it is customers’ perception of a company that drives purchases. It is also what attracts talent and assures partners that they are doing business with somebody they can trust. Ultimately, it is not just the end users that corporations are looking to impress; they are striving to connect with all stakeholders, which include employees, vendors, the community and the government.
MSLGROUP in India and Eikona PR Measurement today announced the launch of their co-authored report, ‘Reputation: How It Is Built and Maintained, and The Role of PR’ which analyses the growing importance of reputation management and its impact on the PR industry.
Reputation: How it is built and maintained, and the role of PR - A report by ...Ashraf Engineer
Businesses are getting increasingly conscious of the power of reputation. It is customers’ perception of a company that drives purchases. It is also what attracts talent and assures partners that they are doing business with somebody they can trust.
So, it’s not just the end users that corporations are looking to impress; they are striving to connect with all stakeholders, which include employees, vendors, the community and the government.
For the public relations (PR) industry, this is a unique opportunity. Its scope is widening from the narrow media relations space to leading the overall brand building and maintainance function. It is now up to the PR industry to evolve from second fiddle to advertising to the leader in the marketing communications ecosystem.
MSLGROUP in India's latest report, co-authored with Eikona PR Measurement, analyses the growing importance of reputation management and its impact on the PR industry.
Some of the points the report makes:
• Reputation is an intangible asset, but its effects are real. It is an invisible, yet powerful influence that can help or hinder a company as it strives to meet its objectives.
• From credit terms to employee retention, reputation has a serious impact.
Reputation management report msl group and eikona pr measurementVikram Kharvi
MSLGROUP in India and Eikona PR Measurement release the executive report – ‘Reputation: How it is built and maintained and the role of PR’
MSL India and Eikona PR Measurement had recently launched a co-authored report titled, ‘Reputation: How it is built and maintained and the role of PR’.
The report analyses the growing importance of reputation management and its impact on the PR industry. Some of the points the report makes:
• Corporate reputations are the sum total of the beliefs held by individuals about companies’ past actions and future potential. It is stakeholders’ collective actions and sentiments – whether to purchase a product, buy shares of the company’s stock, or recommend the company to others – that determine every company’s ability to stay in business.
• Reputation is an intangible asset, but its effects are real. Indeed, reputation is acting on companies all the time — an invisible yet powerful influence that can either help or hinder a company as it strives to meet its objectives.
• From credit terms to employee retention, reputation can have a serious impact. Like gravitational pull, reputation makes it easier or more difficult for your company to get where it needs to go.
Normally, most product categories’ presence in the annual advertising calendar does not exceed four months. On the other hand, PR support for the same products stretches to at least eight months of the calendar, which is a unique opportunity for the PR industry. Its scope is widening from the narrow media relations space to leading the overall brand building and maintenance function. It is now up to the PR industry to evolve from being second fiddle to advertising and corporate communications to becoming the leader in the marketing communications ecosystem.
In India, we are already seeing movement on this. Many corporations are working communications objectives into CEOs’ and other key spokespersons’ key result areas. Corporate communications executives are spending more time with CEOs and MDs. PR is increasingly being acknowledged as a brand-builder on par with other tools.
Jaideep Shergill, CEO, MSLGROUP India, said: “Communicators are calling this the ‘Reputation Economy’, and rightly so. Reputation management could be the fuel for your business’ growth. Through this report, we wish to highlight the importance of reputation on the long-term future of businesses and also that the PR industry in India is uniquely geared to provide the strategic thinking required to build and maintain corporate reputation.”
Fed ex / Ketchum Social Media Study Findings ReportMauricio Godoy
Findings and insights from the 2010 FedEx/Ketchum Social Media Benchmarking Study—a comprehensive exploration of how social media impacts today’s communications landscape. This document reflects the input of leaders from over 60 top global organizations across most major industries.
Mastering the Art of Business Communication A Comprehensive Guide.pdfMr. Business Magazine
In the fast-paced world of business, effective communication is the key to success. Whether you’re interacting with clients, colleagues, or stakeholders, mastering the art of business communication is crucial for fostering positive relationships and achieving organizational goals.
I've worked with and among many people who talk about digital transformation as if it were just a case of plugging in a router and attaching some wires. I've heard people get excited about coding, developing new apps and recruiting new skills into the business. I have never once heard about how communication and public relations plays such an important part. It's something I'm hugely passionate about. If you don't have a communication strategy to bring everyone along with you (internally and externally) and buy into the transformation plan, how on earth will you achieve transformation? Communication is key. Effective communication can be the difference between speed and quality. It's an area I want to help more businesses with. Please visit my website www.aura-pr.com to find out more about me, my services and how we can work together. We need to be planning NOW to make the changes and progress for the future.
In 2013, the global food chain, McDonald’s, addressed concerns for increasing complaints about their customer service. Forbes was quick to cover the fast-food powerhouse’s admission to issues on their frontline. To investigate the driving force behind the increasing poor service and to provide possible solutions, contributing authors highlighted organizations well-known for their impeccable service records.1 Time and again, media attention is directed toward Ritz-Carlton, with accounts of its outstanding service efforts made by individual employees, such as a maid replacing personal toiletries without the guest even having to ask. How is it that the Ritz is able to motivate their frontline to carry out this mission of service excellence, while other multinational organizations, like McDonald’s, still face hurdles in reaching the goal of high-quality customer service?
Corporate communication is a set of activities involved in managing and orchestrating all internal and external communications aimed at creating favorable point of view among stakeholders on which the company depends.
ASSIGNMENT 3 YOUR MARKETING PLANTopicMarketing PlanStu.docxrock73
ASSIGNMENT 3: YOUR MARKETING PLAN
Topic:Marketing Plan
Student's Name
Professor's Name
Course Title
Institution
Date
Market Plan
Introduction
Dentech Company is located on the outskirt of the State of Chicago and has for two decades been operational. Although the company was originally reputable for the sale of dog products such as Yorkshire terror adult dog food, wire crates, Kong bed, dog sweater, wood coat and treats. It has over the years upsurge its production through provision of other products and servicaes, for instance offering cleaning and shaving services to willing pet owners in the surrounding community at a pocket-friendly fee. The company of 20 employees actively responsible for all production, distribution and sales activities, is in constant service and the number of customers served has of recent been recorded to be around 85,000.
Marketing Strategy
Competitive Positioning
This in a nut shell involves employing diverse but best approaches with the aim of dominating the market. It entails validating the strengths, weaknesses, opportunities and threats along with trends of those competitors Fisher, 2009). The company therefore be duty-bound to endeavour to better understand the competitors as well as the market. Since the company effectively knows its market, comparison with regard to the other competitive companies is to be drawn. The company should not only sell quality products at a lower price but also set aside a functional customer care division to inform the customers of the products and engage in Relationship marketing to bonds them to the brand through personal attent
Strategy Implementation
For successful and effective running of a company, formulation of new strategies is considered paramount. Since every strategy not actualised would remain dormant and ineffective, companies ought to work to implement the strategy through putting it to action (Hill and Jones, 2009). Implementation of new strategies has been proven to confuse and frighten the management. Companies therefore tend to incorporates all available experts to implement new strategies (Geeve, 2010). Most companies make the strategies known to their teams but not well enough .
Dentech Company should therefore be geared to communicate to every team member whenever a project has been put to place. The team members should be well informed of the merits of the strategy and how effectual the said strategy will be to the company and the clients. The company should not fail to reward those who make a remarkable contribution to the success of the strategies. It is also vital to regularly hold meetings to discuss how best the implementation process is faring. The members should also talk of the factors that derailed the strategy and what can basically be done about them.
Social Media Strategy
Social media has been defined as content in the form of video, audio, text or multimedia that is published and shared in a social environment. Although social media ...
The Power of Soft Skills in Marketing _ How to Succeed by Mastering the Art o...mourad meskini
A soft skill is a personal attribute that supports situational awareness and enhances an individual's ability to get a job done. The term soft skills is often used as a synonym for people skills or emotional intelligence.
The events of the last two years constitute more than an economic recession. Rather, they shape a global realignment -- "The New Normal." This position papers describes four fundamental areas where change has occurred in society and provides recommended responses for service brands and service marketers.
Fed ex / Ketchum Social Media Study Findings ReportMauricio Godoy
Findings and insights from the 2010 FedEx/Ketchum Social Media Benchmarking Study—a comprehensive exploration of how social media impacts today’s communications landscape. This document reflects the input of leaders from over 60 top global organizations across most major industries.
Mastering the Art of Business Communication A Comprehensive Guide.pdfMr. Business Magazine
In the fast-paced world of business, effective communication is the key to success. Whether you’re interacting with clients, colleagues, or stakeholders, mastering the art of business communication is crucial for fostering positive relationships and achieving organizational goals.
I've worked with and among many people who talk about digital transformation as if it were just a case of plugging in a router and attaching some wires. I've heard people get excited about coding, developing new apps and recruiting new skills into the business. I have never once heard about how communication and public relations plays such an important part. It's something I'm hugely passionate about. If you don't have a communication strategy to bring everyone along with you (internally and externally) and buy into the transformation plan, how on earth will you achieve transformation? Communication is key. Effective communication can be the difference between speed and quality. It's an area I want to help more businesses with. Please visit my website www.aura-pr.com to find out more about me, my services and how we can work together. We need to be planning NOW to make the changes and progress for the future.
In 2013, the global food chain, McDonald’s, addressed concerns for increasing complaints about their customer service. Forbes was quick to cover the fast-food powerhouse’s admission to issues on their frontline. To investigate the driving force behind the increasing poor service and to provide possible solutions, contributing authors highlighted organizations well-known for their impeccable service records.1 Time and again, media attention is directed toward Ritz-Carlton, with accounts of its outstanding service efforts made by individual employees, such as a maid replacing personal toiletries without the guest even having to ask. How is it that the Ritz is able to motivate their frontline to carry out this mission of service excellence, while other multinational organizations, like McDonald’s, still face hurdles in reaching the goal of high-quality customer service?
Corporate communication is a set of activities involved in managing and orchestrating all internal and external communications aimed at creating favorable point of view among stakeholders on which the company depends.
ASSIGNMENT 3 YOUR MARKETING PLANTopicMarketing PlanStu.docxrock73
ASSIGNMENT 3: YOUR MARKETING PLAN
Topic:Marketing Plan
Student's Name
Professor's Name
Course Title
Institution
Date
Market Plan
Introduction
Dentech Company is located on the outskirt of the State of Chicago and has for two decades been operational. Although the company was originally reputable for the sale of dog products such as Yorkshire terror adult dog food, wire crates, Kong bed, dog sweater, wood coat and treats. It has over the years upsurge its production through provision of other products and servicaes, for instance offering cleaning and shaving services to willing pet owners in the surrounding community at a pocket-friendly fee. The company of 20 employees actively responsible for all production, distribution and sales activities, is in constant service and the number of customers served has of recent been recorded to be around 85,000.
Marketing Strategy
Competitive Positioning
This in a nut shell involves employing diverse but best approaches with the aim of dominating the market. It entails validating the strengths, weaknesses, opportunities and threats along with trends of those competitors Fisher, 2009). The company therefore be duty-bound to endeavour to better understand the competitors as well as the market. Since the company effectively knows its market, comparison with regard to the other competitive companies is to be drawn. The company should not only sell quality products at a lower price but also set aside a functional customer care division to inform the customers of the products and engage in Relationship marketing to bonds them to the brand through personal attent
Strategy Implementation
For successful and effective running of a company, formulation of new strategies is considered paramount. Since every strategy not actualised would remain dormant and ineffective, companies ought to work to implement the strategy through putting it to action (Hill and Jones, 2009). Implementation of new strategies has been proven to confuse and frighten the management. Companies therefore tend to incorporates all available experts to implement new strategies (Geeve, 2010). Most companies make the strategies known to their teams but not well enough .
Dentech Company should therefore be geared to communicate to every team member whenever a project has been put to place. The team members should be well informed of the merits of the strategy and how effectual the said strategy will be to the company and the clients. The company should not fail to reward those who make a remarkable contribution to the success of the strategies. It is also vital to regularly hold meetings to discuss how best the implementation process is faring. The members should also talk of the factors that derailed the strategy and what can basically be done about them.
Social Media Strategy
Social media has been defined as content in the form of video, audio, text or multimedia that is published and shared in a social environment. Although social media ...
The Power of Soft Skills in Marketing _ How to Succeed by Mastering the Art o...mourad meskini
A soft skill is a personal attribute that supports situational awareness and enhances an individual's ability to get a job done. The term soft skills is often used as a synonym for people skills or emotional intelligence.
The events of the last two years constitute more than an economic recession. Rather, they shape a global realignment -- "The New Normal." This position papers describes four fundamental areas where change has occurred in society and provides recommended responses for service brands and service marketers.
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3. Dhaka Textiles Ltd, a leading Bangladeshi
textile manufacturer, faced a
communication crisis when rumors spread
among employees about possible benefit
cuts. This crisis not only disrupted
operations but also damaged the company’s
reputation.
Introduction
4. …….
Dhaka Textile Limited in Bangladesh depends a lot on
good communication to manage its operations smoothly.
They use different ways to communicate within the
company and with suppliers, clients, and others outside
the company. Good communication helps to share
company rules, plans, and objectives, encourages
teamwork, solves problems, and keeps good
relationships with everyone involved. It's also important
for staying informed about industry changes and what
customers want.
Background of Dhaka textile LTD
5. Analysis of the crisis
1. Lack of communication training:
It must be learned with a systematic training and education process
2. Ego problem:
People do not even give adequate feedback or response due to
their egoistic
3. Lack of Fairness:
Management must be fair and just in treatment to the people in the
organization.
4. Semantic problem:
Bengali is out national language. But in our business organizations, the
media of communication is English.
5. Poor Listening:
People in our organization give little attention in listening others
carefully and completely.
Analysis of the crisis
6. Strategic plan development
Dhaka textile limited can improve their communication
efficiency and effectiveness by adopting the following
measures
1. Public apology and transparency:
Businesses are bound to make mistakes and disappoint
their customers.
2. Employee engagement:
Employee engagement is a human resources (HR)
concept that describes the level of enthusiasm and
dedication a worker feels toward their job. Engaged
employees care about their work and about the
performance of the company, and feel that their efforts
make a difference
7. Long Term communication Strategies
.
Long-term communication strategies require a
consistent message, building strong relationships,
adapting to audience needs, utilizing multiple
channels, and staying authentic and transparent. It
involves nurturing connections over time and being
adaptable to changes in technology, industry
trends, and audience preferences. By staying true
to these principles, organizations can develop a
strong brand reputation and build lasting
relationships with their audience.
8. Responsibility :
Responsibility :
The term responsibility has
two different senses in
management literature.
Some writers explain it as a
duty or task which assigned
to a subordinate on the basis
of his position in the
organization.
9. Fair treatment :
Fair treatment in the workplace
refers to equality and fairness as
it relates to financial
compensation, benefits, disability
accommodations, vacation time
and paid leave.
10. Learning and Continues Improvement :
The absolute necessity of proactive
communication in mitigating the impact of
crises.
The paramount importance of having robust
internal communication mechanisms to
prevent misunderstandings and delays.
The indisputable value of stakeholder
engagement in building trust and resilience
during challenging times.
11. Once an education IT pioneer, BYJU'S, failure
convoluted startup workers, investors. BYJU'S
failed due to financial mismanagement. Due to
negative press, BYJU'S brand suffers, its
reputation suffered from data breaches, false
advertising, and forced purchases. When the
economy is terrible, earning more is tougher.
These issues must be addressed for the future
of technology. Businesses must be frugal,
transparent, and financially aware. Customise
marketing and market segmentation to
accommodate everyone. Openness to new
ideas and flexibility are needed to compete in
a fast-changing market. Innovation,
perseverance, and morality help Ed-tech
overcome problems and capture opportunities.
Real Life Example -1: (BYJU'S)
12. Real Life Example -2: (Evaly)
1. *Unsustainable Business Model*
2. *Lack of Regulation and Oversight*
3. *Delayed Government Intervention*
4. *Customer and Merchant Entrapment*
5. *Failure to Adapt*
13. Conclusion
Dhaka Textile Limited successfully resolved a communication crisis by conducting
a comprehensive analysis of the underlying causes and implementing targeted
communication strategies. As a result, the organization was able to strengthen its
reputation among stakeholders. This experience has underscored the critical
importance of effective communication in navigating challenges and fostering
resilience in the face of adversity.