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The Focus was on defining a crisis, looking at different stages, and understanding what constitutes a crisis in the first place. In one of your
The Focus was on defining a crisis, looking at different stages, and understanding what constitutes a crisis in the first place. In one of your readings, Crisis Management (Erbschloe, 2019), there are three notable examples of recent corporate crisis that impacted the bottom revenue line of the companies involved. provide an overview of the issues In 2021, the Japanese automotive manufacturing company Takata became embroiled in one of history's Largest complex complicated recall crises. Though problems with airbags that the company had been manufacturing had been detected for years, the products continued to be made and then bought and installed by various automakers. The airbags continued to be linked to several deaths in motor vehicle accidents, and, by 2017, the National Highway Traffic Safety Administration (NHTSA) reported that approximately thirtyfour million cars had already been recalled due to the faulty airbags and that millions more were expected to be placed by 2019, meaning that the crisis was not going to be resolved easily or quickly. Several automakers were forced to recall various models over the years ("The state of," 2017). Address the following items: How did the company respond to the crisis? Was their response timely and appropriate? Explain any short or long-term business impact
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