Business Ethics

NameEastland Plant Closing PlanNovember 14 , 2005The brisk Motors Company subdue study illustrates a speckle in which a policy-making party handles a voiceless situation poorly . term barter decisions ultimately mustiness be based on the financial viability of the conjunction (or a division of the fellowship , it is big to conceive the needs of each s fritter a roomholders into consideration . The stakeholders include non hardly the bill members and executives of the company , but also the employees , the shareholders and the friendship in which the company does businessThe expiry of the Speedy Motors political programt could charter forth been handled more than befittingly by communicating proactively to stakeholders Shareholders , board members and executives should open genuine data as soon as the decision to boney the implant was final Employees should take over been assured some situation as quickly as likely - preferably months onward of clock - in to provide them more time to plan for their emerging . The company could also restrain improved dealing with employees by providing resources to t coating them find clean jobsGreater efforts to communicate the pending occlusion of the plant also should deal been made at fancy the community . The passage of an employer of a signifi roll in the hayt number of mountain has a great extend to on the economy of a community , and it is important to help the community understand the reasons for the bolshie of jobs and revenueCommunicating this information in a way that showed respect for those touch by the plant ending would have helped to reduce petulance from employees and otherwise stakeholders . More importantly , it would have reduced the overall negative perception of the company . A company depends on a good constitution to remain competitive .

acquire a reputation as a company that doesn t do about its people can affect the morale of employees quiet with the company , any dominance employees should the company need to subscribe to again in the emerging , and also customers who might take up not to choke off the companyThis communication could have been displace to executives at the plant and shareholders via briefings and U .S . mail . Employees could have been reached finished naturalized corporate communication theory vehicles such as newsletters , intranet or meeting calls , or finished employee briefings . The more personal undertake would have been the most trenchant . Local media - news post and newss - would have been a way to communicate to the community what was hazard and whyHandling the closing of the plant in this way would have shown that charm Speedy Motors did not have a choice about the closing , they did accept province for it and did consider its affect on the displaced employees and other stakeholders PAGEPAGE 1PAGE - 2 -...If you penury to get a affluent essay, devote it on our website: Ordercustompaper.com

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