The document discusses crisis management strategies for global manufacturing supply chains. It describes how supply chains have become globally dispersed, making them vulnerable to disruptions from crises like natural disasters. During crises, timely information is critical for assessing impacts and responding effectively. The IT can help provide essential data on affected locations, components, production dependencies, and other metrics. Lessons from past crises need to be documented to improve strategies. Effective crisis response requires analyzing causes, learning lessons, and updating plans.
Crisis management involves dealing with unpredictable threats to an organization. It consists of methods to respond to crises, metrics to define crisis scenarios, and communication during emergencies. A crisis threatens an organization and requires a timely response and open communication. Different types of crises include natural disasters, malevolence, and organizational misdeeds. Successful crisis management requires planning beforehand and understanding how to handle each phase of a crisis. Toyota violated basic crisis management rules in its response to accelerators getting stuck, trying to downplay the problem rather than finding solutions and communicating fully.
1. The document proposes a self-organizing communication model for disaster risk management that emphasizes the use of social media technologies by the public and excludes relief agencies acting as intermediaries.
2. The key elements of the model are the public, social media platforms, and intelligent applications that coordinate communication between parties.
3. The model aims to provide improved communication services during disasters through reduced latency, interruptions, and failures in communication networks.
Organisational Resilience following a Major Disaster | Mr. David G. Broadbent...Cairn India Limited
This document discusses organizational resilience following a major disaster. It describes different types of natural and man-made disasters that organizations may face. It outlines the impacts disasters can have on individuals and organizations, including psychological symptoms and issues like rigidity, broken connections, and high staff turnover. The document advocates for organizational resilience and discusses approaches like resilience engineering and high reliability operations that can help organizations adapt, maintain reliability, and bounce back from adverse events by anticipating issues, monitoring for problems, responding effectively, and learning from experiences. It argues that combining resilience engineering and high reliability operations can provide strong protection and ability to maintain high resilience after a major disaster or "black swan" event.
The newsletter provides information for UTEP students about upcoming events, activities, jobs, internships and scholarships. It announces the opportunity for a paid position with the Rio Grande Council of Governments and several upcoming events in April, including an Asian American buffet fundraiser and events for Sexual Assault Awareness Month organized by the Women's Resource Center. It also describes the AmeriCorps Project SHINE program which is seeking UTEP students to serve as tutors for immigrant and refugee elders.
The document summarizes an internship at the Center for Civic Engagement (CCE) at the University of Texas at El Paso. The CCE connects university courses with community organizations to promote civic engagement and improve the local area. As part of the internship, the author worked on online newsletters, training, and the CCE website. The internship was important for promoting community services, generating service-learning opportunities, improving the community, and strengthening the relationship between the CCE and community organizations.
Adaptaciones curriculares individuales para los alumnos con sdkarinagloria
Este documento proporciona recomendaciones para realizar adaptaciones curriculares individuales para alumnos con Síndrome de Down. Sugiere personalizar los objetivos académicos a corto, medio y largo plazo en lugar de enseñar por enseñar; utilizar una metodología flexible que involucre materiales concretos y prácticas repetidas; y evaluar de forma continua y positiva en función de los objetivos, informando regularmente a los padres.
Golden Gala 2010 auction items to benefit the Oakland Museum of California's education programs included:
1) A tour and lunch for six at Sunset Magazine's campus including tastings and a farm box creation.
2) A week-long stay for four at a Disney resort including park tickets and gift cards.
3) A tour and lunch for eight at Keenan Winery including wine blending and five cases of the blended wine.
4) Pre-release screening tickets and tours for Toy Story 3 at Pixar Animation Studios for 12 people.
Crisis management involves dealing with unpredictable threats to an organization. It consists of methods to respond to crises, metrics to define crisis scenarios, and communication during emergencies. A crisis threatens an organization and requires a timely response and open communication. Different types of crises include natural disasters, malevolence, and organizational misdeeds. Successful crisis management requires planning beforehand and understanding how to handle each phase of a crisis. Toyota violated basic crisis management rules in its response to accelerators getting stuck, trying to downplay the problem rather than finding solutions and communicating fully.
1. The document proposes a self-organizing communication model for disaster risk management that emphasizes the use of social media technologies by the public and excludes relief agencies acting as intermediaries.
2. The key elements of the model are the public, social media platforms, and intelligent applications that coordinate communication between parties.
3. The model aims to provide improved communication services during disasters through reduced latency, interruptions, and failures in communication networks.
Organisational Resilience following a Major Disaster | Mr. David G. Broadbent...Cairn India Limited
This document discusses organizational resilience following a major disaster. It describes different types of natural and man-made disasters that organizations may face. It outlines the impacts disasters can have on individuals and organizations, including psychological symptoms and issues like rigidity, broken connections, and high staff turnover. The document advocates for organizational resilience and discusses approaches like resilience engineering and high reliability operations that can help organizations adapt, maintain reliability, and bounce back from adverse events by anticipating issues, monitoring for problems, responding effectively, and learning from experiences. It argues that combining resilience engineering and high reliability operations can provide strong protection and ability to maintain high resilience after a major disaster or "black swan" event.
The newsletter provides information for UTEP students about upcoming events, activities, jobs, internships and scholarships. It announces the opportunity for a paid position with the Rio Grande Council of Governments and several upcoming events in April, including an Asian American buffet fundraiser and events for Sexual Assault Awareness Month organized by the Women's Resource Center. It also describes the AmeriCorps Project SHINE program which is seeking UTEP students to serve as tutors for immigrant and refugee elders.
The document summarizes an internship at the Center for Civic Engagement (CCE) at the University of Texas at El Paso. The CCE connects university courses with community organizations to promote civic engagement and improve the local area. As part of the internship, the author worked on online newsletters, training, and the CCE website. The internship was important for promoting community services, generating service-learning opportunities, improving the community, and strengthening the relationship between the CCE and community organizations.
Adaptaciones curriculares individuales para los alumnos con sdkarinagloria
Este documento proporciona recomendaciones para realizar adaptaciones curriculares individuales para alumnos con Síndrome de Down. Sugiere personalizar los objetivos académicos a corto, medio y largo plazo en lugar de enseñar por enseñar; utilizar una metodología flexible que involucre materiales concretos y prácticas repetidas; y evaluar de forma continua y positiva en función de los objetivos, informando regularmente a los padres.
Golden Gala 2010 auction items to benefit the Oakland Museum of California's education programs included:
1) A tour and lunch for six at Sunset Magazine's campus including tastings and a farm box creation.
2) A week-long stay for four at a Disney resort including park tickets and gift cards.
3) A tour and lunch for eight at Keenan Winery including wine blending and five cases of the blended wine.
4) Pre-release screening tickets and tours for Toy Story 3 at Pixar Animation Studios for 12 people.
Crisis management involves dealing with unpredictable threats to an organization. It consists of methods to respond to crises, metrics to define crisis scenarios, and communication during emergencies. A crisis threatens an organization and requires a timely response and open communication. Different types of crises include natural disasters, malevolence, and organizational misdeeds. Successful crisis management requires planning beforehand and understanding how to handle each phase of a crisis. Toyota violated basic crisis management rules in its response to accelerators getting stuck, trying to downplay the problem rather than finding solutions and communicating fully.
A Game Plan for Making Decisions Before, During, and After a Crisis Hits Your...4Good.org
This document provides an overview of creating an organizational resiliency plan to prepare for, respond to, and recover from crises. It discusses:
1) Assessing threats and vulnerabilities through a risk analysis to identify 2-3 threats to address in the plan.
2) Creating an Incident Action Plan (IAP) to guide decision making during a crisis. The IAP establishes objectives, assigns responsibilities, and determines operational periods.
3) Forming an Incident Action Team (IAT) to implement the IAP, manage response strategies, and oversee recovery teams focused on key organizational functions.
The presentation emphasizes having processes for internal and external communication, and developing notification procedures, call trees
This document provides guidance on disaster preparedness planning for voluntary organizations assisting in disasters (VOADs). It defines key terms like continuity of operations plans (COOP), business continuity plans (BCP), emergency planning, disaster recovery, and business continuity. It discusses challenges VOADs may face like employee burnout. The objectives of business continuity planning are outlined. Steps for building organizational resilience and developing a preparedness plan are provided, including assessing risks, identifying alternate locations, and testing plans. Factors to consider and resources for assistance are also mentioned.
IRJET- Crisis Management in Constrution ProjectsIRJET Journal
This document discusses crisis management in construction projects. It begins by defining a crisis as a sudden, unexpected event that threatens an organization's operations and finances. Effective crisis management is important for construction companies given the long-term nature of projects.
The document then reviews the literature on crisis management, identifying key phases: prevention, preparation, response, and recovery. It also discusses factors that influence crisis management in construction, such as detecting early warning signs and developing crisis plans.
Finally, the document outlines a methodology for its research, which involves distributing questionnaires to construction industry stakeholders to understand their perspectives on the causes of cost overruns and how to mitigate crises in projects. It aims to identify the major crisis-related factors according
This document provides an introduction to understanding and managing crises in tourism small and medium-sized enterprises (SMEs). It begins by defining what constitutes a business crisis and distinguishing it from insolvency and turnaround situations. The tourism industry is noted as being particularly vulnerable to crises due to characteristics of its products and services. Various models of the typical phases of a crisis are presented, from latent issues to acute problems. Specific reasons for the high failure rate of SMEs and young companies are also explored. The importance of early crisis detection is emphasized through mechanisms like anticipating potential issues and recognizing early warning signs. Endogenous and exogenous causes of crises in the tourism sector are introduced as topics for further examination.
The document outlines the IT Manager's contingency plan presentation to the Executive Board and President of the bank. The plan addresses disaster events, recovery planning, technologies used, contingency operations, costs of recovery, employee awareness, impacts on business operations, and conclusions. It includes a table of contents and sections on prologue, disaster events, recovery planning, technology used, contingency of operations, costs of recovery, employee awareness, impacts on business operations, and conclusion. The plan aims to safeguard the bank's systems and operations in the event of an earthquake, political unrest, or other disruptions through strategies such as data backup, identification of roles and solutions, testing, and employee training.
Case study ib group 3 - whither corporate governance amalj99x
This case study analyzes the corporate governance issues that led to Toyota's recall crisis in 2009-2010. The summary is:
Toyota suffered a major recall crisis after problems with sudden unintended acceleration in its vehicles were ignored for years. Poor corporate governance, a rigid hierarchy that discouraged information sharing, and a lack of diversity prevented these issues from being addressed properly. The recalls damaged Toyota's reputation for quality and cost it billions, showing that even successful companies must prioritize contingency planning, transparency, and addressing problems quickly to avoid crises.
The document provides information on disaster recovery planning for a company. It includes sections on identifying disaster risks and threats, building a risk assessment, forming a disaster recovery committee, determining the effects of potential disasters, emergency response procedures, evaluating disaster recovery mechanisms, and recovery checklists. The overall document outlines the key phases and steps involved in developing a disaster recovery plan to prepare a company for handling disasters and facilitating recovery.
"You can download this product from SlideTeam.net"
Showcase the potential business risks to your teammates by utilizing our Disaster Recovery Planning PowerPoint Presentation Slides. Identify the pitfalls and perils and develop strategies to keep those threats in check. This cost-effective business risk assessment PowerPoint complete deck will help you keep a tab on all the hazards and thus become better prepared to handle them as and when they arise. It will also assist you in describing and implementing an effective risk management program. Take advantage of this professional-looking enterprise risk management PowerPoint complete deck to take the necessary steps to reduce the threats that might crop up in the long run. Increase the possibility of achieving your business goals by developing and presenting a strategic management plan here. Comprising of attributes like the identification & analysis of disaster risks/threats, types of risks, building risk assessment, determining the effects of disaster, evaluation of disaster recovery mechanisms and many more, this PowerPoint template can be adapted any which way. Hence, click on the download button now to make it your own. https://bit.ly/3BsSq6R
This document discusses implementing world class maintenance systems to improve manufacturing productivity and profits. It describes how maintenance has traditionally been seen as an expense but implementing best practices like reliability centered maintenance can reduce breakdowns by 10-25% and significantly boost the bottom line. The book provides a comprehensive framework for overhauling maintenance management from design to continuous improvement. It emphasizes the need for leadership support to change organizational culture and properly establish these systems, which take 1-2 years to fully implement and realize financial benefits.
The document discusses developing a business continuity plan that goes beyond just disaster recovery. It covers understanding the components of a business continuity plan including conducting risk assessments and gap analyses, developing and implementing continuity plans, establishing disaster recovery plans, and testing plans. It emphasizes that having a business continuity plan can help ensure survival during disasters and support stability, reduce financial losses, and make good business sense. The document outlines critical steps in business continuity planning including assessments, risk and impact analyses, and developing recovery strategies and actions.
An overview of crisis management
What is crisis management
Entities involved in crisis management
Incidents, problems and Major incidents (in an ITIL context)
Vital Business Functions
This report provides guidelines for identifying, quantifying, controlling, and mitigating risks associated with large projects, known as megaprojects. Megaprojects are defined as projects requiring over $1 billion in investment and lasting over 4 years. They present challenges such as lengthy timeframes, complex designs and technologies, multiple stakeholders, and difficulties in cost and schedule estimation. The report identifies internal risks, which arise during project execution, and external risks outside the project's control. It recommends early risk identification, monitoring, and applying mitigation plans to control impacts on cost, schedule, and scope when risks materialize.
The Perfect Storm - How We Talk About DisastersDevOps.com
Failures are inevitable. Every once in a long while, those failures can become major outages so big that they can cause irreversible damage to your company's brand and reputation. During these rare events, how you communicate with customers can make or break the valuable relationships you've built with them over the years. But when the blast radius of a technical outage is so big that it requires involvement from other parts of your company (like legal, marketing, and sales) many companies inadvertently make problems worse.
To minimize damage to customers, companies must have a well-developed plan to respond effectively during big technical outages.
In this webinar, we will explore how applying DevOps principles learned from managing technical incidents can apply to other parts of your organization to create effective crisis communications strategies. Join us and you'll also learn:
How to create an effective technical incident response plan
How to develop a crisis communications plan across various non-technical cross-functional teams
Mechanisms for coordinating between both technical and non-technical teams during major outages
Step-by-step considerations for creating your own customized response plan
This document provides an overview of a training on industrial plant machineries troubleshooting and maintenance taking place on February 8, 2023 in Lagos, Nigeria. The training will cover preventive maintenance management and machinery/equipment overview. Module one will discuss maintenance concepts, solving equipment failures/losses, and presenting maintenance challenges. The goals are to explain maintenance management, solve manufacturing process problems, and submit a maintenance management report.
SICKNESS IN SMALL INDUSTRIES – REASONS AND REHABILITATION.pptxkittustudy7
This document discusses industrial sickness, its causes, symptoms, and remedial measures. It defines industrial sickness as when an industrial firm performs poorly, incurs losses for several years and defaults on debt obligations. Common causes include inadequate working capital, obsolete technology, marketing problems, and poor management. Symptoms include declining output, delayed loan repayments, and erosion of net worth. Suggested remedial measures include identifying sickness early, improving infrastructure, upgrading technology, government interventions, financial assistance, training, and rehabilitation of potentially viable sick units. Term lending institutions and commercial banks are advised to properly appraise projects and ensure timely implementation to prevent sickness.
This document provides an overview of business continuity management systems (BCMS). It discusses the benefits of BCMS, including reducing costs and protecting reputation. It also outlines the key components of establishing a BCMS, such as business impact analysis, risk assessment, developing continuity strategies, and performance evaluation. Finally, the document presents two case studies that illustrate how organizations implemented effective BCMS to respond to a terrorist attack and earthquake.
Only 40 % of turnarounds are successful. And in stressful times like these, the odds are even smaller. A company in declining financial health needs to steer clear of common pitfalls and take necessary action without compromising their long-term strategy.
In this webinar, you will learn some tools and frameworks for identifying, planning and implementing a successful turnaround. We will present insights, learnings and cases from the construction equipment industry and the financial crisis of 2008-2009, together with an outlook on the accelerated change that we are seeing in today’s crisis.
EMERGENCE OF NEW DIGITALIZATION TECHNIQUES IN ORGANISATIONS IN.pptxArunimaHazra2
The document discusses the emergence of new digitalization techniques adopted by organizations during the COVID-19 pandemic. It describes how the pandemic disrupted organizations, issues they faced, and the three-step response pattern of emergency response, crisis management, and focusing on the future. It also discusses digital trends that are likely to remain, including increased telework and adoption of digital solutions. The pandemic accelerated digital transformation, changing mindsets from "good-to-have" to "must-have." While some organizations adapted smoothly, the economic situation forced others to change. Overall, the pandemic highlighted the benefits of digital transformation.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Crisis management involves dealing with unpredictable threats to an organization. It consists of methods to respond to crises, metrics to define crisis scenarios, and communication during emergencies. A crisis threatens an organization and requires a timely response and open communication. Different types of crises include natural disasters, malevolence, and organizational misdeeds. Successful crisis management requires planning beforehand and understanding how to handle each phase of a crisis. Toyota violated basic crisis management rules in its response to accelerators getting stuck, trying to downplay the problem rather than finding solutions and communicating fully.
A Game Plan for Making Decisions Before, During, and After a Crisis Hits Your...4Good.org
This document provides an overview of creating an organizational resiliency plan to prepare for, respond to, and recover from crises. It discusses:
1) Assessing threats and vulnerabilities through a risk analysis to identify 2-3 threats to address in the plan.
2) Creating an Incident Action Plan (IAP) to guide decision making during a crisis. The IAP establishes objectives, assigns responsibilities, and determines operational periods.
3) Forming an Incident Action Team (IAT) to implement the IAP, manage response strategies, and oversee recovery teams focused on key organizational functions.
The presentation emphasizes having processes for internal and external communication, and developing notification procedures, call trees
This document provides guidance on disaster preparedness planning for voluntary organizations assisting in disasters (VOADs). It defines key terms like continuity of operations plans (COOP), business continuity plans (BCP), emergency planning, disaster recovery, and business continuity. It discusses challenges VOADs may face like employee burnout. The objectives of business continuity planning are outlined. Steps for building organizational resilience and developing a preparedness plan are provided, including assessing risks, identifying alternate locations, and testing plans. Factors to consider and resources for assistance are also mentioned.
IRJET- Crisis Management in Constrution ProjectsIRJET Journal
This document discusses crisis management in construction projects. It begins by defining a crisis as a sudden, unexpected event that threatens an organization's operations and finances. Effective crisis management is important for construction companies given the long-term nature of projects.
The document then reviews the literature on crisis management, identifying key phases: prevention, preparation, response, and recovery. It also discusses factors that influence crisis management in construction, such as detecting early warning signs and developing crisis plans.
Finally, the document outlines a methodology for its research, which involves distributing questionnaires to construction industry stakeholders to understand their perspectives on the causes of cost overruns and how to mitigate crises in projects. It aims to identify the major crisis-related factors according
This document provides an introduction to understanding and managing crises in tourism small and medium-sized enterprises (SMEs). It begins by defining what constitutes a business crisis and distinguishing it from insolvency and turnaround situations. The tourism industry is noted as being particularly vulnerable to crises due to characteristics of its products and services. Various models of the typical phases of a crisis are presented, from latent issues to acute problems. Specific reasons for the high failure rate of SMEs and young companies are also explored. The importance of early crisis detection is emphasized through mechanisms like anticipating potential issues and recognizing early warning signs. Endogenous and exogenous causes of crises in the tourism sector are introduced as topics for further examination.
The document outlines the IT Manager's contingency plan presentation to the Executive Board and President of the bank. The plan addresses disaster events, recovery planning, technologies used, contingency operations, costs of recovery, employee awareness, impacts on business operations, and conclusions. It includes a table of contents and sections on prologue, disaster events, recovery planning, technology used, contingency of operations, costs of recovery, employee awareness, impacts on business operations, and conclusion. The plan aims to safeguard the bank's systems and operations in the event of an earthquake, political unrest, or other disruptions through strategies such as data backup, identification of roles and solutions, testing, and employee training.
Case study ib group 3 - whither corporate governance amalj99x
This case study analyzes the corporate governance issues that led to Toyota's recall crisis in 2009-2010. The summary is:
Toyota suffered a major recall crisis after problems with sudden unintended acceleration in its vehicles were ignored for years. Poor corporate governance, a rigid hierarchy that discouraged information sharing, and a lack of diversity prevented these issues from being addressed properly. The recalls damaged Toyota's reputation for quality and cost it billions, showing that even successful companies must prioritize contingency planning, transparency, and addressing problems quickly to avoid crises.
The document provides information on disaster recovery planning for a company. It includes sections on identifying disaster risks and threats, building a risk assessment, forming a disaster recovery committee, determining the effects of potential disasters, emergency response procedures, evaluating disaster recovery mechanisms, and recovery checklists. The overall document outlines the key phases and steps involved in developing a disaster recovery plan to prepare a company for handling disasters and facilitating recovery.
"You can download this product from SlideTeam.net"
Showcase the potential business risks to your teammates by utilizing our Disaster Recovery Planning PowerPoint Presentation Slides. Identify the pitfalls and perils and develop strategies to keep those threats in check. This cost-effective business risk assessment PowerPoint complete deck will help you keep a tab on all the hazards and thus become better prepared to handle them as and when they arise. It will also assist you in describing and implementing an effective risk management program. Take advantage of this professional-looking enterprise risk management PowerPoint complete deck to take the necessary steps to reduce the threats that might crop up in the long run. Increase the possibility of achieving your business goals by developing and presenting a strategic management plan here. Comprising of attributes like the identification & analysis of disaster risks/threats, types of risks, building risk assessment, determining the effects of disaster, evaluation of disaster recovery mechanisms and many more, this PowerPoint template can be adapted any which way. Hence, click on the download button now to make it your own. https://bit.ly/3BsSq6R
This document discusses implementing world class maintenance systems to improve manufacturing productivity and profits. It describes how maintenance has traditionally been seen as an expense but implementing best practices like reliability centered maintenance can reduce breakdowns by 10-25% and significantly boost the bottom line. The book provides a comprehensive framework for overhauling maintenance management from design to continuous improvement. It emphasizes the need for leadership support to change organizational culture and properly establish these systems, which take 1-2 years to fully implement and realize financial benefits.
The document discusses developing a business continuity plan that goes beyond just disaster recovery. It covers understanding the components of a business continuity plan including conducting risk assessments and gap analyses, developing and implementing continuity plans, establishing disaster recovery plans, and testing plans. It emphasizes that having a business continuity plan can help ensure survival during disasters and support stability, reduce financial losses, and make good business sense. The document outlines critical steps in business continuity planning including assessments, risk and impact analyses, and developing recovery strategies and actions.
An overview of crisis management
What is crisis management
Entities involved in crisis management
Incidents, problems and Major incidents (in an ITIL context)
Vital Business Functions
This report provides guidelines for identifying, quantifying, controlling, and mitigating risks associated with large projects, known as megaprojects. Megaprojects are defined as projects requiring over $1 billion in investment and lasting over 4 years. They present challenges such as lengthy timeframes, complex designs and technologies, multiple stakeholders, and difficulties in cost and schedule estimation. The report identifies internal risks, which arise during project execution, and external risks outside the project's control. It recommends early risk identification, monitoring, and applying mitigation plans to control impacts on cost, schedule, and scope when risks materialize.
The Perfect Storm - How We Talk About DisastersDevOps.com
Failures are inevitable. Every once in a long while, those failures can become major outages so big that they can cause irreversible damage to your company's brand and reputation. During these rare events, how you communicate with customers can make or break the valuable relationships you've built with them over the years. But when the blast radius of a technical outage is so big that it requires involvement from other parts of your company (like legal, marketing, and sales) many companies inadvertently make problems worse.
To minimize damage to customers, companies must have a well-developed plan to respond effectively during big technical outages.
In this webinar, we will explore how applying DevOps principles learned from managing technical incidents can apply to other parts of your organization to create effective crisis communications strategies. Join us and you'll also learn:
How to create an effective technical incident response plan
How to develop a crisis communications plan across various non-technical cross-functional teams
Mechanisms for coordinating between both technical and non-technical teams during major outages
Step-by-step considerations for creating your own customized response plan
This document provides an overview of a training on industrial plant machineries troubleshooting and maintenance taking place on February 8, 2023 in Lagos, Nigeria. The training will cover preventive maintenance management and machinery/equipment overview. Module one will discuss maintenance concepts, solving equipment failures/losses, and presenting maintenance challenges. The goals are to explain maintenance management, solve manufacturing process problems, and submit a maintenance management report.
SICKNESS IN SMALL INDUSTRIES – REASONS AND REHABILITATION.pptxkittustudy7
This document discusses industrial sickness, its causes, symptoms, and remedial measures. It defines industrial sickness as when an industrial firm performs poorly, incurs losses for several years and defaults on debt obligations. Common causes include inadequate working capital, obsolete technology, marketing problems, and poor management. Symptoms include declining output, delayed loan repayments, and erosion of net worth. Suggested remedial measures include identifying sickness early, improving infrastructure, upgrading technology, government interventions, financial assistance, training, and rehabilitation of potentially viable sick units. Term lending institutions and commercial banks are advised to properly appraise projects and ensure timely implementation to prevent sickness.
This document provides an overview of business continuity management systems (BCMS). It discusses the benefits of BCMS, including reducing costs and protecting reputation. It also outlines the key components of establishing a BCMS, such as business impact analysis, risk assessment, developing continuity strategies, and performance evaluation. Finally, the document presents two case studies that illustrate how organizations implemented effective BCMS to respond to a terrorist attack and earthquake.
Only 40 % of turnarounds are successful. And in stressful times like these, the odds are even smaller. A company in declining financial health needs to steer clear of common pitfalls and take necessary action without compromising their long-term strategy.
In this webinar, you will learn some tools and frameworks for identifying, planning and implementing a successful turnaround. We will present insights, learnings and cases from the construction equipment industry and the financial crisis of 2008-2009, together with an outlook on the accelerated change that we are seeing in today’s crisis.
EMERGENCE OF NEW DIGITALIZATION TECHNIQUES IN ORGANISATIONS IN.pptxArunimaHazra2
The document discusses the emergence of new digitalization techniques adopted by organizations during the COVID-19 pandemic. It describes how the pandemic disrupted organizations, issues they faced, and the three-step response pattern of emergency response, crisis management, and focusing on the future. It also discusses digital trends that are likely to remain, including increased telework and adoption of digital solutions. The pandemic accelerated digital transformation, changing mindsets from "good-to-have" to "must-have." While some organizations adapted smoothly, the economic situation forced others to change. Overall, the pandemic highlighted the benefits of digital transformation.
Similar to Global manufacturing-supply-chains (20)
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
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Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
1. Image Area
View Point
Crisis Management In The Times Of Global
Manufacturing Supply Chains
Abstract
This view point is motivated by the constant challenges that the global supply chains face due to natural disasters and other geopolitical
issues. Over the past few years manufacturers have encountered various crisis situations which disrupted manufacturing operations and
have caused heart burns to several major organizations.
This paper considers some of these scenarios, discusses briefly the ways that these situations could either be averted or better managed,
and some of the lessons learnt from them. In addition, it discusses the global nature of today’s supply chains and motivations behind the
manufacturers’ decision of outsourcing their operations.
This paper explores the various roles that Information Technology can play in facing sudden calamities
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2. Introduction
Crisis management has been the biggest bane for manufacturers in the recent past. Manufacturing industry suffered from one crisis after
another in the last few years. Some of the examples are the earthquake in Japan, the floods in Thailand and the unrest in the Middle East
resulting in fluctuations in the price of crude oil.
The crisis in Japan caused major supply constraints for the global automotive industry resulting in poor capacity utilization of plants, long
waiting times, cancellation of orders etc. Similarly, during the crisis in Thailand, many manufacturers were forced to shut down production
or cut back the output due to disruption in supply of critical parts. All this led to huge delays in order deliveries and substantial losses for
manufacturers.
Earlier Scenario & the Rise In earlier times, major companies would employ hundreds of thousands of employees. All the
of Global Supply Chains manufacturing used to be at one place and this presented a single source of failure. This has
changed over the years and today manufacturing supply chains are spread across the globe.
Gone are the days when all the production took place at one location. Today Gadgets, Automobiles etc. contain thousands of
components procured from all over the world. Semiconductors may come from Korea, Metals from Asia/Africa, electronic components
from China/Japan; the list is endless.
The reasons companies have an increasingly global supply chain are:
• Supply chain efficiencies: You can find every component required and the whole supply chain is available at the new hubs of
manufacturing such as Asia, making it far more convenient and competitive.
• Flexibility: Changes in the product can be made swiftly; manufacturers can scale up and down quickly. This is a huge differentiator
as time-to-market is a critical factor. Considering this, flexibility provides huge weight to the argument of outsourcing.
• Scale of factories: It is easier to set up huge factories in places like China due to congenial government policy environment. Huge
investments in infrastructure have made these hubs more competitive.
• Industrial skills: There are far more skilled workers (engineers & technicians) trained for specific tasks. A huge & competent
workforce makes it easier to lap up more work.
• Workers are cheaper abroad: Wages are far less in countries like China and workers are easily available.
At the same time global supply chains face a lot of issues especially in a crisis situation and all this can lead to long-term issues if timely
action is not taken. The inherent nature of being interconnected has made these globally dispersed manufacturing operations susceptible
to varied risks. This is why there is a need for better crisis management systems, as it is otherwise difficult:
a) To gauge the impact of crisis
b) To come up with appropriate strategy to counter the situation.
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3. Crisis Scenarios
Following crisis scenarios can be faced by manufacturers:
• Natural crisis: These are acts of nature such as Japan earthquake, Thailand floods etc.
• Manmade crisis: These are caused by human operations, e.g. Oil spills, Bhopal gas tragedy, Chernobyl disaster etc.
• Discord Crisis: Strikes, boycotts e.g. Maruti recently faced production issues due to strikes at their plant. These can cause serious production
issues and delays in order deliveries as shown by the Maruti case.
Let’s have a quick look at some of the major crisis in the recent past; this will help us gather a perspective about what is to be expected in
similar situations:
Japan Crisis: In 2011, Japan was hit by a massive earthquake leading to very large tsunami waves that caused large scale
destruction and a meltdown in the Fukushima nuclear power plant. Manufacturing plants were forced to shut down due to the
crisis affecting production of automotive giants and other industries as well, due to shortage of essential components. It was one
of the costliest disasters in the world.
Thailand Floods: Thailand was hit by severe floods in the monsoon season of 2011. Production plants of manufacturers were
hit. Tremors of this crisis were felt across the globe as it is one of the manufacturing hubs for automotive giants e.g. Honda lost a
substantial chunk of its revenues due to production delays.
In a crisis situation, timely & focused information is invaluable for a manufacturer.
Crisis Management
Crisis management definition: It is the process by which an entity manages a crisis situation, which can severely harm all the stakeholders
involved. Crisis management aims to bring this damage to a minimum.
• Includes Groundwork and • Includes the event and • Includes analyzing &
Strategies for a crisis following destruction learning from the crisis
• Plan and dry run various strategies • Determine and Identify • Fine tune strategies for
• The analysis of the situation and Strategy better crisis management in
scanning for threat signals future
(A) Before crisis (B) During crisis (C) After crisis
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4. Three stages of a Crisis situation are
A. Before Crisis
Preemptive strategies for Crisis management:
• Analyze crucial areas of susceptibilities: Look for all Analyze crucial areas of susceptibilities
the vulnerable areas across the locations.
• Analyze probable types of crisis situations: Study all Analyze probable types of crisis situations
possible crisis situations.
• Develop crisis management emergency plans: Develop crisis management emergency plans
Detailed and easily comprehensible contingency
plans have to be in place.
• Conduct mock drills: Condition employees for crisis
Conduct mock drills
response with the help of such exercises.
B. During Crisis
Ingredients of an effective response IT System:
Which location got Which components Downstream how the
affected are getting affected production will be affected
Which product model What is the time on Which customer would
will be affected hand, Lead time be affected
Lessons from previous Perception of the
Revenue impact
experiences stakeholders
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5. Following Information is required by a manufacturer in a crisis situation and should be provided by the IT system deployed:
• Which location got affected:
This is vital information for the top management to start assessing the situation. A list showing the plants affected by the crisis can
help the management to concentrate their efforts towards these locations.
• Which components are getting affected:
This information gives an idea about the components which will be in shortage. Such a list will prompt the management to look at
alternative locations for these components.
• Downstream how the production will be affected:
This will inform about the plants & facilities which will be affected due to shortage of components. If Plant A (hit by the crisis)
supplies components to Plant B & C for their operations. We need to know & assess such dependencies as soon as possible.
• Which product model will be affected:
This information lets the manufacturer know about the product models and product lines that will be affected. What is the time on
hand - Lead time: This information will let the manufacturer know about the expected delays in order deliveries. It is quite crucial,
as the customers and partners have to be informed about the delays swiftly.
• Which customer would be affected:
This information is quite important as affected customers have to be identified & informed. Communication is quite crucial in a crisis
situation. Manufacturers should communicate honestly and promptly with all the affected partners.
• Revenue impact:
Losses occur due to disruption in manufacturing and this impact has to be accounted. This information will help manufacturers to
plan in a better way for damages caused by delays and disruptions.
• Lessons from previous experiences:
There has to be a repository containing information about actions taken during similar crisis and information about different
contingency strategies. This will help managers to take quick and effective action. Crisis is an opportunity to learn and knowledge
gathered from such experiences should be carefully preserved.
• Perception of the stakeholders:
Management has to gauge the perception of all the stakeholders. Perception management can make or break the brand image
during a crisis. Customers, suppliers, employees, public, concerned authorities etc. all should be kept up-to-date about the latest
happenings. Honest and prompt communication in crisis situations helps in projecting a sincere image. Priority should be on
building trust.
Here the Information Technology (IT) comes into the picture. IT service providers can help manufacturers to come up with better systems and
processes to gather all this information in a form that is easily comprehensible to the top management and aids them in making quick decisions
about corrective actions needed. Every crisis has an element of surprise but having all this useful information in a readily comprehensible form
will enable manufacturers to effectively counter such situations.
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6. Effective response:
With this invaluable information, a Manufacturer can:
• Be better prepared for crisis situations
• Assess the impact of the crisis effectively
• Adopt a strategy to mitigate the impact
• Arrange for the same components from a different location which is not affected by the crisis, thereby keeping the
production smooth
• Inform all the stakeholders before-hand about the expected delays. Quick & timely Crisis communication is quite
necessary for long-term partnerships
C. After Crisis
• Analyze what went wrong: Study the causes of the crisis and vulnerabilities that led to such a scenario.
• Document the lessons learnt: Document in detail the lessons learnt and improve upon the existing strategies.
• Formulate strategies based upon the findings: Create a readily accessible repository of strategies to be used in future crisis situations.
This will help in quick decision-making in the future.
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7. Conclusion
Response to a global supply chain crisis requires specific organizational tools and traditional
methodologies prove ineffective in handling these peculiarities. If organizations embrace crisis
situations as an opportunity to learn and apply new strategies with an open mind, they can emerge
from such situations with a renewed & stronger brand image.
Lessons learnt from the recent natural calamities include the realization that it could take months
to assess the full impact of a global manufacturing supply chain. If an ill-prepared manufacturer
gauges the probable impact too late, it could result in the loss of critical time eventually resulting in
significant revenue & reputation risks.
Crisis management systems are quite essential to cope with new challenges and progress in
Information Technology has enabled manufacturers to effectively manage it. However, leveraging
the positives of an effective crisis management solution is the prerogative of the manufacturers
worldwide.
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