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CISCO
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1. Identify several examples of "crises" for CISCO, which occurred in recent years. Were they Preventable, Strategic, or External risks? External risks are the risks that cannot be controllable and are produced by non-human sources. For instance, COVID-19 pandemic is facing the world (Carroll & Br...

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  • December 29, 2023
  • 5
  • 2023/2024
  • Exam (elaborations)
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  • cisco

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RUNNING HEAD: CISCO




CISCO

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CISCO
1. Identify several examples of "crises" for CISCO, which occurred in recent years.

Were they Preventable, Strategic, or External risks?

External risks are the risks that cannot be controllable and are produced by non-human sources.

For instance, COVID-19 pandemic is facing the world (Carroll & Brown & Buchholtz, 2018). It

is an external risk facing Cisco company that is beyond management control. This COVID-19

crisis has posed a significant challenge to the company in sales and the reduced revenues over a

few months. In the latest financial results, Cisco company announced a loss of over $1.4 Billion

for the last few months of the pandemic. The losses came mostly from Cisco Company closed

shops and premises around the world. The revenue dropped more than 50 percent. This is an

external risk because this virus spares no one, and there was nothing Cisco company could have

done to avoid this disaster. In the past years, the Cisco company was accused of

"whitewashing," "racist," and "cultural stereotype" multiple times (Carroll & Brown &

Buchholtz, 2018). Those are an example of Preventable risks which Cisco company could have

chosen to avoid.

2. Using one of those "crises," briefly explain it in terms of the Four Crisis Stages.

For this question, the coronavirus crisis will be examined.

Prodromal Crisis Stage: This is also known as the pre-crisis stage, where there were news and

expert warnings about a possible epidemic of a new Virus from China (Carroll & Brown &

Buchholtz, 2018). At this stage, the Cisco company's leadership and management started to think

about the potential impacts on different business aspects, such as operations, human resources,

measurement plans, and legal requirements.

Acute Crisis Stage: This is where the crisis occurs. Because the pandemic was an unavoidable

external risk, this stage arrives as a matter of time. They had no other choice for the Cisco

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