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Dealing with Reality in an Economic Downturn
Whether or not you believe we are in a full-blown recession or an economic downturn, the facts create stress in your business and with your employees. The best approach is to discuss it openly. Looking for solutions will only help show your employees that you care.

Other monetary crisis Related Articles

Crisis Communications Planning or What To Do Before During Or After It Hits The Fan
Do you have a crisis management or crisis communications plan for your business or organization? Do you believe your business or organization is too small to need a crisis communications plan? Or do you believe that crises only happen to others? If you are like the majority of businesses and organizations today, especially small to medium sized ones, you answered NO to the first question and probably YES to the second question. And I hope you answered NO to the third question. Well, I cannot emphasize too strongly that no matter how big or small you are, every organization should have a crisis management and crisis communications plan. So what should you do? The answer: develop a crisis management plan in 2 parts.

Golden Rules for Crisis Management
All too often people don't think about what to do in the event of a crisis until it's too late. Then it becomes a patch up exercise at best. We’re constantly encouraging our clients to put a crisis management plan in place … just in case. A variety of issues need to be considered and it’s far better to do so in anticipation rather than during a crisis.
Preparing for Damage Control
Are you prepared for a business crisis? Would you know what a crisis was? How you react to a crisis and whether details get in to the media or not depends on how you handle it. A crisis can be anything from an accident, theft or computer glitch to an industrial spill, death of a director, discrimination or harassment suit....or worse. There are some simple steps you can take to protect the good name and image of your business - it's not rocket science, it's good sense. A crisis communication plan is essential for any sized business - it's not expensive, it's priceless!
The Fundamentals of Crisis Communications
Crisis communications at its most basic level consists of three elements: crisis planning, crisis response and crisis recovery. This article explores each of these categories and provides helpful tips for how to get started.
Crisis intensifiers: From Mild to Radioactive why crisis sometimes gets out of hand.
Crisis intensifiers not only have the ability to worsen a crisis situation, they can blunt the effectiveness of any crisis management strategies. When crisis strikes, quick response may mitigate its effects. Ide III & Yarn (2003), suggest the almost insatiable appetite of the news media for sensationalism, and its ability to share such information widely and instantaneously, can quickly turn a mere rumor or speculation into a full blown crisis potentially damaging reputation and undermining legitimacy to exist.

Achieveing Fair Financial and NonFinancial Rewards
Employee motivation and performance management depend on good systems that offer both financial and non-financial rewards (non-monetary rewards). This performance management article applies to all organisations. Constant change and high expectations are taking their toll in some organisations, as well as in industry and government generally. Sometimes this is shown in employee turnover. Sometimes it is hidden because of job insecurity. Rewards and remuneration must be scrutinised. Employee motivation and performance are critical. Non-monetary rewards can be as important as monetary rewards. A good rewards and remuneration system ensures that each person receives appropriate financial and nonfinancial recognition to account for the personal contribution they are making and the overall value of their position to the organisation.
THE NEW CONSUMER’S COURT : CREATIVE COMMUNICATION IN THE 21ST CENTURY :
For many companies, managing a communication crisis is to have good communication. However, we must not confuse crisis management and crisis communication. A crisis is not similarly managed like communication as the communication does not manage a business. However, communication is certainly the best way to deal with a crisis.

Monetary Police is Science, Everything Else is Stamp-Collecting
This new Eric Leeper paper seems delusional in arguing that monetary policy is science, while fiscal policy is stamp-collecting, but I maybe I'm just being crotchety. The piece also comes up with the new-to-me argument that monetary policy would be even better science if it weren't for fiscal policy mucking things up.
Key Points To Consider When Managing A Crisis
Any business can find itself, without warning, having to deal with a crisis or issue. Such situations can have far reaching and long lasting detrimental effects, if not dealt with in the most efficient and controlled manner, deflecting as much negative response as possible. The process by which a company handles such situations is commonly known as crisis or issues management. Every organisation should have a procedure that is documented and established that is activated either as soon as a crisis occurs, or whenever possible, in advance of an issue or crisis arising.

A Financial Emergency
We have all heard and read a lot recently about the financial crisis or monetary emergency that we are facing. These reports, most often, define the looming disaster in terms of billions or even trillions of dollars. While we are certainly facing some difficult economic times around the world, the most critical financial emergency we are facing, individually and collectively, is represented by $1,000.

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