MNO3706 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. ADMIN [COMPANY NAME] MNO3706 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. 1. Explain how a corporate’s image can be effected by accidents and injuries. (10) A corporation's image can be significantly affected by accidents and injuries in various ways. The impact on a company's reputation can influence customer perception, employee morale, and overall business performance. Here’s a detailed explanation of how accidents and injuries can affect a corporate image: 1. Reputation Damage • Explanation : Accidents and injuries, especially if they result from negligence or poor safety practices, can severely damage a corporation’s reputation. Negative media coverage and public scrutiny can erode trust and credibility. • Effects : o Negative Publicity : Media re ports about workplace accidents can lead to negative publicity, affecting how the company is perceived by the public and potential customers. o Loss of Consumer Trust : Customers may lose trust in a company that is perceived as unsafe or irresponsible, which can lead to a decline in sales and customer loyalty. • Example : A company involved in a major workplace accident that results in significant harm or fatalities might face widespread negative media coverage, damaging its public image and brand reputation. 2. Impact on Employee Morale • Explanation : Accidents and injuries can negatively impact employee morale, leading to decreased job satisfaction, lower productivity, and increased absenteeism. Employees may feel unsafe or undervalued if proper safety measures are not in place. • Effects : o Decreased Motivation : Workers may feel demotivated or disheartened if they perceive that the company does not prioritize their safety or well -being. o Increased Turnover : Low morale can result in higher employee turnover, which can f urther disrupt operations and increase recruitment and training costs. • Example : If employees perceive that safety standards are lax and that their well -being is not a priority, they may become disengaged, leading to higher turnover rates and lower overall morale. 3. Legal and Financial Repercussions • Explanation : Accidents and injuries can lead to legal actions and financial consequences for the company. Lawsuits, fines, and compensation claims can strain financial resources and impact the company’s financia l stability. • Effects :
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