You receive word for your chief operating officer that your company is planning to shut down...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You receive word for your chief operating officer that your company is planning to shut down one of its field operations at the end of this year. The plant is located in a smaller city and it is the primary employer for that region. More than 450 people will be terminated as a result of this closing. The company will maintain a small operations staff for a field office after the plant is closed. Only about 30 people will be retained for this operation. The remaining employees will be terminated with two week's severance. An attempt to locate other work for them will be made through contacts with other companies in the industry; however your human resources department is not optimistic for them. Closing the plant will allow consolidation of manufacturing processes and will save the company more than 15 percent of its operation budget. The plant in question was one of the company's most inefficient, but has had a good performance record. The property will be deactivated and a buyer or lease holder will be sought. The real reason the plant is being closed is due to the falling interest in your company from the Wall Street investment community. The "street" doesn't have confidence that your company has the courage to contain costs. Operation of the plant hasn't been that bad in recent times, but the chairman has decided that a sacrificial act must be taken to shore up investor confidence. These facts and the real reasons for the plant closing are not to be disclosed. Just one year ago, local community leaders were invited to a company/community appreciation day at the plant to celebrate a record breaking performance year. (The plant is inefficient, but the employees often broke productivity records even in the inefficient facility.) . Identify the stakeholders and target audience. • Develop a brief plan that includes the timing of the announcement, key message, and Q&A with plant employees . How will you deliver the message to each of the stakeholder groups? . • How will you answer questions about why this plant was closed when it was cited for top performance just last year? • Did the board and CEO make the right decision to close the plant? Why? . You receive word for your chief operating officer that your company is planning to shut down one of its field operations at the end of this year. The plant is located in a smaller city and it is the primary employer for that region. More than 450 people will be terminated as a result of this closing. The company will maintain a small operations staff for a field office after the plant is closed. Only about 30 people will be retained for this operation. The remaining employees will be terminated with two week's severance. An attempt to locate other work for them will be made through contacts with other companies in the industry; however your human resources department is not optimistic for them. Closing the plant will allow consolidation of manufacturing processes and will save the company more than 15 percent of its operation budget. The plant in question was one of the company's most inefficient, but has had a good performance record. The property will be deactivated and a buyer or lease holder will be sought. The real reason the plant is being closed is due to the falling interest in your company from the Wall Street investment community. The "street" doesn't have confidence that your company has the courage to contain costs. Operation of the plant hasn't been that bad in recent times, but the chairman has decided that a sacrificial act must be taken to shore up investor confidence. These facts and the real reasons for the plant closing are not to be disclosed. Just one year ago, local community leaders were invited to a company/community appreciation day at the plant to celebrate a record breaking performance year. (The plant is inefficient, but the employees often broke productivity records even in the inefficient facility.) . Identify the stakeholders and target audience. • Develop a brief plan that includes the timing of the announcement, key message, and Q&A with plant employees . How will you deliver the message to each of the stakeholder groups? . • How will you answer questions about why this plant was closed when it was cited for top performance just last year? • Did the board and CEO make the right decision to close the plant? Why? .
Expert Answer:
Answer rating: 100% (QA)
Identifying Stakeholders and Target Audience 1 Stakeholders Chief Operating Officer COO Company Board of Directors Company Executives Plant Employees 450 Remaining Operations Staff 30 Human Resources ... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
Students also viewed these business communication questions
-
When is impersonal communication harmful?when might impersonal communication desire? Explain this phrase "one cannot not communicate
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
A cell uses 90 kg of a certain material each day. The material is transported in vats that hold 54 kg each. Cycle time for a kanban is about two hours. The manager has assigned a safety factor of...
-
Dividend Policy Analysis Matheny Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a dividend policy. In the past, growth has been...
-
What role do foreign banks like HSBC and electronic platforms like Thomson Reuters and ICAP play in helping the yuan move closer to becoming a global currency?
-
What are the differences between a firms physical assets and its intellectual assets? Why is it important for entrepreneurs to understand these differences?
-
For the year ended June 30, 2014, net income for Flake Corporation was $14,800. Depreciation expense was $4,000. During the year, Accounts Receivable increased by $8,800, Inventories increased by...
-
1. Define ADT (Abstract Data Type)? 2. Mention the features of ADT.? 3. Define List ADT? 4. What are the ways of implementing linked list? 5. What are the types of linked lists?
-
Overview The milestone for Project One involves applying accounting principles and methods to long-term liabilities and equity. You will also evaluate these financial statement components for...
-
An airline knows it will need to purchase fuel for its future operations and wishes to hedge 75% of its purchases for 3 years using forward contracts. The airline estimates it will need to purchase...
-
What is the hockey stick phenomenon in relation to the use of incentives to increase supply chain surplus? What steps can be taken to address it?
-
As the standard deviation of forecast error increases, expected overstock increases and expected understock increases. expected overstock increases and expected understock decreases. expected...
-
Consider a manufacturer selling DVDs to a retailer for $6 per DVD. The production cost of each DVD is $1 and the retailer prices each DVD at $10. Retail demand for DVDs is normally distributed, with...
-
Design a tailored supplier portfolio.
-
Supply chain managers are able to increase their forecast accuracy as lead times increase. increase their forecast accuracy as lead times decrease. decrease their forecast accuracy as lead times...
-
BMX Bikes is a large manufacturer of? Bicycles in Ohio. Aninvestigation of the? company's manufacturing facility in Clevelandyields the information presented in the table below. Determine thedollar...
-
a) Show that (a, b) := {{a}, {b}} does not satisfy the ordered pair axiom. b) Determine whether each of the following statements is true or false. (Give a reason in each case): (i) {a, b} C (a, b)....
-
In conceptual terms, explain the value-to-book valuation approach. Explain how the value-to-book approach described and demonstrated in this chapter relates to the residual income valuation approach...
-
The first decade of the 21st century witnessed a flurry of losses, bankruptcies, acquisitions, and strategic partnerships in the airline industry. The heavily levered firms in the industry are...
-
Assume that Circuit City owes Synovus Bank $1,000,000 on a 4-year, 7% note originally issued at par. After one year of making scheduled payments, Circuit City faces financial difficulty. At the end...
-
Show that under a local gauge transformation (14.5) the vector potential A and the form of the wavefunction (28.7) are changed, but no observable is affected. Data from Eq. 28.7 Data from Eq. 14.5...
-
Demonstrate that both the Berry phase \(\gamma_{n}\) and the Berry curvature \(\boldsymbol{\Omega}_{n}(\boldsymbol{R})\) are invariant under a local gauge transformation.
-
Evaluate the formula for the Gauss-Bonnet theorem in Box 28.3 for a 2-sphere and show that this leads to the usual relation for the area of a sphere. The local curvature for a 2-surface is the...
Study smarter with the SolutionInn App