Executive Essay

1020 words - 4 pages

Executive SummaryStakeholders associated with the project Dr. Michael Riordan, President & CEO Jane McCall, Executive Assistant Kenneth Collins, SVP-R&D Hugh McCauley, chief Operating OfficerBuyers Division Automotive parts manufacturers Aircraft manufacturers The United States Department Of Defense Beverage Makers and bottlers Appliance manufacturersAs profits and capital are being lost not only in this company but in companies around the country are falling, we made the decision of reporting this executive summary in order to find a plan to lead this company in the right direction. We are proposing plans not only to help us in these tough times, but our insight will likely help our company grow and flourish for many years to come. In this day and age successful companies like this great corporation would benefit from reform rather that short term solutions, and that is what this summary will hopefully accomplish.As what comes to all of our minds working in the business world, we always have the notion of decreasing the number of employees or downsizing. This will allow us to decrease the number of employees keeping only the most qualified in their fields. Giving them a heavier workload will allow us to benefit by saving valuable capital and also have the worker working at maximum capacity. Most worker at huge corporations that are overstaffed only work at 50% capacity or less, so by downsizing we are gaining more money per capital dollar spent on labor. Can there be a downfall to the act of downsizing? Using the full capacity of our employees should not be the issue because that is what we pay them for right? Our issue would be how much will the technology cost that we would need to purchase cost? In this case it would come as a big burden at fist but in the long run it will more that likely pay off it weight in gold. Another issue is our reputation in the public's eye for downsizing. We can use the term compassionate downsizing and we can tell the media our plan that we will assist all our former employees locate new jobs through our career assistance program. This will keep are image going strong in the public eye because we need to have the attitude that if it wasn't for them we would not be here today. So as we can see our best choice would be to downsize our workforce. Labor as you all know is not the only factor in our budget we need a plan to use less materials. Except for government mandated heart valves, we should look to decreases the amount of plastic used but also keeping the same quality our company...

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