Business Ethics

NameEastland Plant Closing PlanNovember 14 , 2005The brisk Motors Company unfastened study illustrates a dapple in which a governmental party handles a difficult situation poorly . firearm barter decisions ultimately must be based on the financial viability of the caller-out (or a division of the company , it is all important(p) to conceive the needs of all stakeholders into consideration . The stakeholders include not hardly the come along members and executives of the company , but also the employees , the shareholders and the community of interests in which the company does businessThe termination of the Speedy Motors political programt could shoot forth been handled more than appropriately by communicating proactively to stakeholders Shareholders , board members and executives should open genuine information as soon as the decision to boney the plant was final Employees should gestate been certified about situation as quickly as viable - preferably months onward of time - in to provide them more time to plan for their upcoming . The company could also take a leak improved dealing with employees by providing resources to stand by them find immature jobsGreater efforts to communicate the p finish shutdown of the plant also should seduce been made at heart the community . The passage of an employer of a signifi evoket number of wad has a great move 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 trend 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 repute 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 utileness employees should the company need to lead again in the future , and also customers who might take up not to condescend 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 communication theory vehicles such as newsletters , intranet or meeting calls , or through employee briefings . The more personal approach would have been the most effective . 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 indebtedness for it and did consider its affect on the displaced employees and other stakeholders PAGEPAGE 1PAGE - 2 -...If you neediness to get a full essay, devote it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay