Question: Please consider these questions as you prepare for the case study discussion in class: 1 . who are the stakeholders that are affected by Price's

Please consider these questions as you prepare for the case study discussion in class:

1 .

who are the stakeholders that are affected by Price's decision?

2 .

what are the consequences of this decision for each stakeholder?

3 .

Price experienced unexpected challenges from each stakeholder; could he have avoided those challenges? what could he have done before increasing the employees' salaries?

4 .

what are the potential problems of a minimum salary as a compensation plan? how can you minimize these problems and motivate employees?

5 .

looking forward, what would you recommend to Price?

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