What would it take for the airline industry to zone out ?
Date
2022-04-10Author
Singh, Akshar 18021020345
Bhatia, Prof. Neha (Supervisor)
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Show full item recordAbstract
Firms and other organizations are dependent on the support of
other groups and individuals for their continued survival
(Pajunen, 2006). If an organization is considered to be illegitimate
by those it relies upon for its survival, its stakeholders, they are
likely to withdraw their support (Massey, 2001), making the
future of the organization uncertain (Chess, 2001). An
organization can be seen as legitimate if it is perceived by its
stakeholders as acting appropriately, keeping to societies‟
norms and living up to the expectations of their
stakeholders (Coombs & Holladay, 1996; Massey, 2001).
If the activities or products of an organization can cause its
stakeholders unacceptable harm, these victims and other
stakeholders that sympathize with them may consider the
organization to be illegitimate. The organization may experience
crises, which are usually defined as chains of events that have
severe consequences, damaging human lives, property, the
environment or all of the above (Stephens et al., 2005). These
events are also at least partially unexpected (Massey, 2001). Due to
factors such as the increased reliance on advanced and sensitive
technology and the increase in the number and complexity of
stakeholder relationships, crises are becoming more prevalent,
severe and more difficult to control in the world of today.
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- BBA/MBA [396]