Which of the following BEST describes the rationale of the “stakeholder interaction model?”
Open communication between employees and management creates the input–
output flow in an organization.
This model involves a two-way relationship with the organization’s stakeholders.
A company basically produces at a level equal to the amount of input received
from investors, suppliers, and employees.
In order to create final products or output, an organization must have several
different inputs.
The customer receives most of the value because investors, suppliers, and
employees are compensated at a reasonable level.
The __________ model clearly acknowledges the dialog that exists between an organization’s
internal and external environments.
Which of the following statements is FALSE concerning how a company should communicate
after a crisis?
It is better to wait until the company has a complete understanding of the crisis so
that stakeholders will not be led astray by partial information.
Crisis events are often chaotic, so management may begin the crisis response
with a degree of ambiguity.
If a company is slow to respond, stakeholders may feel as though the company
does not care about their needs or is not remorseful about the crisis.
The company should communicate how it plans to resolve the crisis.
The communication after a crisis is usually not handled in a completely effective
or ineffective manner.
A company committed to implementing the stakeholder perspective in its social responsibility
strategy begins by:
assessing corporate culture and identifying stakeholder groups.