1) This is an obvious case of unethical communication on the employees part.
Whether employees meant to defame company or not, the use of companys product, logos, and employee uniform or anything else associated to the organisation gives the impression that this type of behaviour is a common occurrence and condoned by the organisation. Such incident should not be happening within an organization because the power of social media communication is beyond control. As we move to new era, issues in associating organizations through social media should be highlighted in the employees handbook and guidelines. This step can prevent such incident to occur and maintaining a good company image.
2) Dominos executives took a wait and see attitude because they are trying to minimize the spreading impact of this issues to another channel of audience. For instance, television audience may not aware of this incident if they never use social media in the first 24 hours of this video released. In this case, more likely to be baby boomers. We can see Dominos is taking this action addressing to abovesaid purpose because they posted only a Youtubes response by the companys president and no official press release.
Those days, when social media does not exist it is much easier to solve crisis. A company just have to put out the fire, make sure everybody is safe, determine the cause of the fire and then tell people everything. But it makes a lot of different nowadays with the involvement of social media. If theres a crisis or an issue happening in the social media realm, there is a segment of the population that wants you to put on a micropone and a webcam and describe what you are doing as you are doing it. They want you to describe on how you are putting out the fire and that is an interesting phenomenon that makes Dominos wait-and-see attitude a problem.
3) While it is difficult to prevent disgruntled employees from spreading negative information and tarnishing organisations image about a company with the involvement of social media. Few steps can be taken to inform employees beforehand that the company is not without remorse when fraudulent and defamatory information is involved. Employer should educate their staff clearly about the consequences of using organisation logo, equipments, work locations, or uniform in personal videos or other social media platform including termination and possible civil lawsuits. Another way to prevent this issue is by motivating employees and increase the sense of belonging towards the organisation. Human Resource Management plays crucial role in preventing this incident from happening.
4) Informal communication within an organization cannot be eliminated or banned. Any policy to prevent employees from accessing social media on company computers within an organization may not be effective. With new technology like fast LTE smartphones and other tablet devices in the market, Employees can now easily access Facebook or Twitter anytime anywhere without the constraint of only using companys internet network. Social media are not necessarily brings negative impact to an organisation, its existence can help to promote companys image. For instance, an employee who participates in charity work associating the organisation and posted their photos on Facebook are complimenting towards companys corporate social responsibility (CSR). An organisation should form a specialise team or department to monitor social media activities by staying aware of social media platform. This step can also helps management to identify issues that concern employees, and in turn possible, use them to disseminate important information.
Question 2 Organisational Performance is an analysis of a companys performance as compared to goals and objectives. Within corporate organisations, there are three main outcome that is being analysed, financial performance, market performance, and shareholder value performance. Performance measurement provides many benefits to any organization, and creates a structured approach to reviewing goals, success and accountability. Several commercial tools are available, but internal measurements typically give greater insight into an organisations performance. Measuring organisational performance is important because managers need to understand what are the factors that contribute to high organisational performance. By measuring organisational performance also helps to promote better assets management by designing business model that fully utilise acquired assets. To measure organisational performance in financial performance, an organisation can use financial ratios analysis. But one of the simple ratio that can be explain here is the Current Ratio. Current ratio (also known as working capital ratio) is computed by dividing the total current assets by total current liabilities of the business. It is a popular ratio to evaluate the short-term solvency position of an organisation. The short-term solvency means the ability of a business to pay its short- term obligations when they become due. Short term obligations are those liabilities that are payable with in a short period of time, usually one year. This ratios can help to evaluate company performance and financial standings if compared to previous years.
One of the tools can be used to measure organizational performance in market performance is the SWOT analysis. SWOT analysis is a good starting point to evaluate the organization's current standing and position. What makes SWOT particularly powerful is that, with a little thought, it can helps to uncover opportunities that are well placed to exploit. And by understanding the weaknesses of your business, you can manage and eliminate threats that would otherwise catch you unawares. More than this, by looking at yourself and your competitors using the SWOT framework, you can start to craft a strategy that helps to distinguish yourself from your competitors, so that you can compete successfully in your market. To conduct a SWOT analysis, evaluate company's internal factor, Strengths and Weaknesses and then the external factor, Opportunities and Threats. This measures the organization's present state and its potential in future endeavour.
An organisation need to evaluate their shareholder or investor value in current market situtation to strive more efficient in the future. Shareholder value performance also helps potential prospects to decide in investing to an organisation. The price to earnings ratio (P/E ratio) is the ratio of market price per share to earning per share. This ratio can be used to measure shraholder value performance. The P/E ratio is a valuation ratio of a company's current price per share compared to its earnings per share. It is also sometimes known as earnings multiple or price multiple. Though Price-earning ratio has several imperfections but it is still the most acceptable method to evaluate prospective investments. It is calculated by dividing Market Value per Share (P) to Earnings per Share (EPS). Market value of share can be taken from stock market or online and earning per share figure can be calculated by dividing net annual earnings to total number of shares (Net Annual Earnings/Total number of shares). P/E ratio is a widely used ratio which helps the investors to decide whether to buy shares of a particular company. It is calculated to estimate the appreciation in the market value of equity shares.
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