It is crucial in a crisis to tell all, tell it fast and tell the truth. If an
organization does this, it would have done all it can to minimize the damage.
Responding quickly, efficiently, effectively and in a pre-meditated
manner are the primary objectives of an effective communications strategy
during a crisis.
For example, Satyam arranged a press conference within two days
of the promoter disclosing accounting and financial irregularities in
the company. Various avenues, like helpdesks, floor meetings, and
daily e-mails, were initiated to address employee queries.
A focused team of senior management who are privy to all
information related to the crisis should be formed immediately. Access to
information will help the team to strategize precisely, plan
accordingly, prioritize the needs and act in the light of facts, rather than on
speculation. This group can be further divided into smaller task forces to
efficiently address different segments of stakeholders. The team should
be empowered to get confidential data and take decisions at the right
time. The team members should be in constant touch with stakeholders
inside and outside the company, as also the media. |