Business Finance Homework Help

The discussion requires a minimum of 250 words. Two scholarly sources, including the textbook. Make sure that you use APA style with your references.

In most organizations management often asks, “why do we plan for crisis situations when the likely hood is that nothing will happen?” or “The time we take going over potential crisis situations I could have more time to get more work done.” Now when something does happen, we find at times that people are not as prepared to deal with the crisis, which causes a myriad of other problems. Thinking like a manager or above, can you think of a time this has happened in your organization where people were not as prepared to deal with a crisis? What was the outcome and how could it have been handled differently?

NOTE: When answering discussion questions please do not use the real (actual) name of a person but replace it with a fictitious name. We want to protect real names whenever we are writing about an incident or problem within our organization.

1,250 word count and there is a total of 4 questions each (not including in-text citation and references as the word count), a minimum of three scholarly sources are required in APA format. For the three scholarly sources, one from the textbook that’s posted below and the other two from an outside source . Let’s be sure to write it in own work 100% and give appropriately when using someone’s else work.

Fundamentals of Crisis Management
Case Study: Mini- Case – Scandal at Penn State

1 In a narrative format, summarize the key facts and issues of the case.

2 Update the information in the case by researching it on the Internet. Focus your response on the specific issues in the case.

3 Consider the impact of the Sandusky scandal on Penn State. What organizational functions (management, marketing, human resources, etc.) were affected by the crisis?
How were they affected?

4 Who are the internal and external stakeholders? How were the stakeholders affected?

Case Analysis

5 Imagine you are a crisis management consultant called in to advise Penn State’s Board of Trustees after the scandal began. What steps would you recommend to contain the damage to long-term the university’s overall image and reputation? What factors should you consider and why? Please explain your reasoning regarding your recommendation.