ASSIGNMENT
Total assignment must be, 4-5 pages of content in length [ if 4 pages, must be complete pages]. Other than the "Stay vs. Go" list, the assignment must be double spaced using Times New Roman 12 pt. font. Identify each section with a title. For example: Stay vs. Go List; Other Options, Decision, Message to Employees, etc.
You are the owner of WC Progressive Products a manufacturing facility located in the Midwest. Your grandfather started the company in the early 1930's. Your family has owned the company since its inception. WC Progressive Products has survived the Great Depression, Two World Wars, and several downturns in the economy. Throughout the various business cycles and hardships, you have been able to keep all your employees on-the-job without resorting to permanent or temporary layoffs. You employ between 500 - 700 people from the local area, depending upon the season and the demand for your product [fyi: at this time, you can identify the type of product]. WCPP has had a significant impact on the local economy. The general population in the surrounding area has been very loyal and supportive of the company during good and bad times.
Throughout the years your family has made an effort to invest a good portion of the profits into the maintenance of the structure. However, it seems that the amount of investment was not enough. You just learned that the facility does not meet contemporary safety and environmental codes. Your accountant informed you that bringing the facility up-to-code would mean that you would have to spend your entire projected profit margin for the next ten years. You would have the necessary funds to operate the business and employ the workers at their current salaries, but the expense of updating the facility would prevent you from investing in research and development of new products or offering your employees any raises during the coming decade. What you are facing is a very serious challenge, not only for you as a business owner, but also for the surrounding community.
Recently, your company attorney has made you aware of a proposal from the country of Valhalla. The Prime Minister of Valhalla wants to discuss the possibility of moving your operations to a specific location in their country in order to help boost the economy of that region. The Prime Minister has promised the following benefits:
• Valhalla will assist in the cost of construction of the new facility.
• There are no environmental rules and regulations that you must follow.
• The local population is eager to work; however, you learned that they have no experience in your specific industry.
• The cost of labor is equal to 30% of the labor cost in the U.S.
The offer is very tempting, but you are torn. What is bothering you is the potential devastating effect that the loss of WCPP will have on the local economy and the people who live in the area.
The Prime Minister of Valhalla requests an answer within 30 days. WHAT WILL YOU DO?
Task
In your written assignment, provide an explanation that includes the following:
1) Make a list of all the reasons you should go (be very thorough and detailed).
2) Make a list of the reasons you should stay (be very thorough and detailed).
3) Are there other options beside going or staying?
4) Based on chapter and lecture content covered to date, discuss the issues that you need to consider if you go and if you stay.
5) Decide what you will do, and explain your decision in detail.
6) Explain how you will notify the employees.
7) What will you say if you stay? What will you say if you decide to move the facility? Write a clear statement directed to the employees explaining your decision.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.