For Business Crises, Bad Press Doesn’t Fit the Crime


According to a recent report by the Institute for Crisis Management, negative news coverage of business crises was disproportionately high in 2008. The study, which covered 1,500 print publications worldwide, found that eight of the 16 crisis categories examined showed significant increases in negative press despite minor increases in actual crises.

According to the report, the rise of social media may have played a part, allowing stories to flow more freely and quickly. Other findings include:

•    Defects and recalls, business financial losses, hostile takeovers, workplace accidents and deaths and environmental incidents were up 21%;
•    Eight of the most crisis-prone industries repeated from the previous year, with food and insurance being the two new additions to the top 10;
•    51 hostile takeovers were big enough to make headlines in 2008, up 38% from the year before;
•    Product defects and recalls accounted for 15% of all crises in 2008, including recalls by GM, BMW, Nissan, Ford, Honda, Pontiac, Chrysler and Porsche; and,
•    Workplace violence made up 17% of all negative business and school news in 2008, up 18% from 2007.


Comments Off



Deals of the Week

$150 Off PR News' Social Media Summit

socialmedia201602-180x150Join PR News in Huntington Beach, CA on Feb. 26 for the Social Media Summit, where you'll be immersed in real-world, tactical case studies from brands, nonprofits and agencies and get takeaways in pulling and analyzing social media data; emerging social platforms and apps and so much more. 

Use code “150” at checkout to save $150 o the regular rate.

$50 off the CSR & Green PR Guidebook

csr_vol7_print_digital-thumbPR News’ CSR & Green PR Guidebook, Vol. 7 captures best practices in communicating the positive relationships that organizations are building with their communities of interest. This six-chapter guidebook connects the dots between the effective communication of positive social contributions and corresponding improvements in bottom lines.

Use code “50off” at checkout.

Save $100 on a PR News Subscription

cover5.18

 

Let PR News become your weekly, go-to resource for the latest PR trends, case studies and tip sheets. Topics covered include visual storytelling, social media, measurement, crisis management and media relations.

Use code “SUBDEAL” at checkout.

Comments are closed.