Discuss examples that emphasize the importance of the strategy suggested by experts when crafting a corporate apology strategy
What will be an ideal response?
Answer: Taking a "you perspective" in the face of a mistake is not only ethical, but also a good business decision. A strategically worded apology can improve a company's public image, facilitate forgiveness, and even decrease damages if a case goes to court. When crafting a corporate apology strategy, experts suggest announcing the bad news quickly and taking responsibility for the problem. Additionally, the people directly affected by the mistake should be identified, and concern for their well-being should be expressed. The apology strategy should include outlining remedial measures and should be written in such a way that expresses an honest and direct tone. Classification: Synthesis
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When a party is in default in a contract due to missing a payment deadline, the contract is considered to be
A) breached B)executed C) unilateral D) illegal
What actions force a Treasury's bond price to be valued in the market at the present value of the cash flows discounted at the Treasury spot rates?
What will be an ideal response?