Sample Essay
In the consolidation phase a bailout plan was made which provided liquidity support along with guarantee arrangements. Moreover the business was restructured along with the management while the balance sheet was made smaller though the recovery made of the loans that existed on the books of the company and though the sale of company assets.
The offensive phase saw the overall restructuring of the organization where the management and the business model were all changes to incorporate organizational learning as well as a focus on long termism instead of the previous short termism whereby the continuity of the business was ensured.
The influence of the cultural web or the elements of the organizational culture can also be observed through the 7C’s model for crisis management. The 7 C’s model includes the elements like contingency planning, the culture of the organization, the control executed, the configurations made, the coupling and complexity involved, communications and costs that have been depicted above for the case. These elements revolve around the stories, symbols, power structures, organizational structures, control systems, and rituals and routines for the paradigm which form the cultural web (Johnson and Scholes, 2001).
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