Ethical Theory, Business Practice and the Corporation Essay

If I would be about to handle the mail service of straightaway Motors, there are around things that I would consider first in the lead making decision especi whollyy the of import ones deal this. I think it would be best to solve this problem by finding the equitable welfare for on the whole the stakeholders of the piece of musicnership. Given there are tho a few more clock time before the bon ton closed(a)s defeat, I would refer for a meeting for tout ensemble of the employees and workers of the bon ton and explain to them the real touch of the friendship.Moreover, I would in any case stressed out that they would be receiving superfluous separation pay for the indemnification that will be done by the come with regarding the short notice of shutting overpower of surgery. I could also practicable give them educational plans for their siblings and refer several(prenominal) of them to other close companies of Speedy Motors to alter them to find a job unspo iled away. With the said structure of giving development of the company as with the current situation of the operation, there is a big accident that they would understand the urgency and need to shut down the operation.Although there is a administer of stakeholder that would surely be affected by the said shutting down of the operation of Speedy Motors, at least, the management did make efforts not to happen the worse for all of them. One of the stakeholders of the company would be the workers, of course. With the additional separation pay and other benefits, I think it would be enough to cook up the welfare loss of the workers.Aside from the workers, the alliance is also part of the stakeholders of the company specially those connection that relies on the jobs that are being offered by the company to them. Well, for them, through referring the employees plan of attack from these communities to other close companies of the Speedy Motors, then, in one way or another(prenomin al), the assertable loss in the welfare of the community will now be compensated. The lead only if not the least part of the stakeholders of the company would be their stockholders.With the shutting down of the company, there is a possibility that these investors would stimulate less from their investments in the company which could so utilize them and lost trust on the domestic help companies and in order to proscribe this physical body of scenario, one possible way of compensating the losings of this investors would be to give additional dividend esteem for them. The silver that will be used in this strategy are the funds that were produced from the liquidation of the fixed assets of the company like land, building and machineries.The reason why I come up with this kind of solutions would be for the primary reason that it is the responsibility of the company to put the right things into place since in the first place the management of Speedy Motors did made wrong for not disclosing to the stakeholders of the company the financial condition of the company on the right amount of time (OToole, 2005). Although rival is already a natural phenomenon in the market, still, the financial aspect of the company, which is an internal matter, should be disseminated to the stakeholders especially to the workers that rely most on their job to the company.One way of ratting the workers or disseminating the study would be to egress a memo to various subdivision of the company stating the current status of the company and that the management did done its best to prevent the shutting down of the company but unfortunately it did not work out. As for the media, press release would be an good ways of disclosing the communicateation of the shutting down of the company. With the mass coverage of media, disseminating the said information would be now easier especially in tapping the community that relies on the company and also the loyal customers of the company.Aside from press release, another way by which the company would inform the community regarding the shutting down of the company would be through public announcements to be posted on locations that mostly visited by the members of the community. With this kind of strategy, the welfare of the stakeholders of the company is all considered and I do believe that the efforts of the company to somehow compensate the losses of the determine stakeholders are already enough.