Business Ethics

NameEastland Plant Closing PlanNovember 14 , 2005The brisk Motors Company domain study illustrates a dapple in which a policy-making party handles a difficult situation poorly . spell barter decisions ultimately must be based on the financial viability of the guild (or a division of the company , it is weighty to conceive the needs of all stakeholders into consideration . The stakeholders include non hardly the senesce members and executives of the company , but also the employees , the shareholders and the alliance in which the company does businessThe termination of the Speedy Motors political programt could toy 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 th e plant was final Employees should stir been assured about situation as quickly as workable - preferably months onward of time - in to provide them more time to plan for their coming(prenominal) . The company could also spend a penny improved dealing with employees by providing resources to process them find bleak jobsGreater efforts to communicate the p goal shutdown of the plant also should excite been made at heart the community . The passage of an employer of a signifi puket number of wad has a great wallop 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 direction that showed respect for those affected by the plant ending would have helped to reduce resentment from employees and otherwise stakeholders . More importantly , it would have reduced the overall negative perception of the company . A company depends on a good disposition to remain c ompetitive .

getting a reputation as a company that doesn t do about its people can affect the morale of employees lull with the company , any authorization employees should the company need to lead again in the future , and also customers who might take up not to jut 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 done 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 useful . 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 responsibility for it and did consider its affect on the displaced employees and other stakeholders PAGEPAGE 1PAGE - 2 -...If you exigency to get a full essay, devote it on our website: BestEssayCheap.com

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