Summary: While Companies may find themselves in operational or financial turmoil, communicating with your stakeholders about your challenges does not expose your weaknesses. On the contrary, communicating with your constituents can help restore credibility, create clarity and provide a window toward a solution that will help to create a more lasting partnership into the future. An organization should aim to reach consensus on its next steps and ultimate endgame, and should involve employees, customers, vendor, investors and other interested parties from day one. With open and regular communication, stakeholders can help a company weather a crisis. Watch this episode of Deloitte Insights to learn more.
