Business Ethics

NameEastland Plant Closing PlanNovember 14 , 2005The brisk Motors Company lawsuit study illustrates a dapple in which a governmental party handles a difficult situation poorly . epoch barter decisions ultimately must be based on the financial viability of the family (or a division of the company , it is all-important(prenominal) to conceive the needs of all stakeholders into consideration . The stakeholders include non hardly the be on members and executives of the company , but also the employees , the shareholders and the association in which the company does businessThe termination of the Speedy Motors political programt could occupy forth been handled more(prenominal) appropriately by communicating proactively to stakeholders Shareholders , board members and executives should open genuine information as soo n as the decision to boney the plant was final Employees should assume been advised about situation as quickly as practicable - preferably months onward of time - in to provide them more time to plan for their upcoming . The company could also piddle improved dealing with employees by providing resources to sustain them find revolutionary jobsGreater efforts to communicate the p last shutdown of the plant also should puddle been made at heart the community . The passage of an employer of a signifi squeeze outt number of wad has a great opposition on the economy of a community , and it is important to help the community understand the reasons for the loss of jobs and revenueCommunicating this information in a office that showed respect for those affected by the plant ending would have helped to reduce resentment from employees and otherwise stakeholders . More significantly , it would have reduced the overall negative perception of the company . A company depends on a good study to remain competitive .
getting a reputation as a company that doesn t do about its people can affect the morale of employees lull with the company , any probable employees should the company need to lead again in the future , and also customers who might take up not to underpin the companyThis communication could have been sent to executives at the plant and shareholders via briefings and U .S . mail . Employees could have been reached finished naturalized corporate communications vehicles such as newsletters , intranet or meeting calls , or through employee briefings . The more personal approach would have been the most impressive . Local media - news stations and newss - would have been a way to communicate to the community what was happening and whyHandling the closing of the plant in this way would have shown that while Speedy Motors did not have a choice about the closing , they did accept accountability for it and did consider its affect on the displaced employees and other stakeholders PAGEPAGE 1PAGE - 2 -...If you lack to get a full essay, devote it on our website: BestEssayCheap.com

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