Management Research Paper Example: Analyzing Feuerstein's Decisions

2021-08-11 11:40:10
4 pages
1006 words
University/College: 
Vanderbilt University
Type of paper: 
Research paper
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1. What do you think of Feuersteins decision?

Feuerstein's actions are based on origins or source of the Company's value hence he made a thoughtful decision to keep the company as the hub for the community economy which depended on it to survive. As a company with strong values, he decided to do what he believed was right for his employees by being obligated to cater for their income and medical care despite the fact that he was not responsible for the fire. All the same, his decision portrays him as a determined man who is very caring and very understanding. At the same time, his decision to rebuild the company portray him as a strong valued individual encouraged by strong organizational culture.

2. What would you have done had you been in his position?

Feuerstein takes a brave and reasonable decision which is mainly based on doing something that was just to his employees. Throughout the misfortune journey the company faced, he maintained that he would stand and support his employees at all cost. Should I have been in his position, I would do the same thing Feuerstein did since, in a business setting, it was a moral and right thing to do with ethical values in a business organization.

3. What facts would be helpful as you make your judgments about Feuerstein?

One of the facts that I think is helpful in judging the decision by Feuerstein is the reality that Malden Mills offered job opportunities to the local community and relocating the company meant that over 2,400 employees would remain jobless. Also, the company's legacy is an important factor helpful in this decision bearing in mind that it is the only company existing in the community vicinity. Lastly, as a company with an ethical culture, employees' welfare is to be considered in the decision since any verdict made affects the employees.

4. How many different ethical values are involved in this situation?

Ethical values that are involved in this situation include loyalty, concern for others, respect for others, fairness, and reputation. Loyalty comes into play in this situation in that Feuerstein, and the company at large wants to remain committed to the local community and support them and guarantee them a source of income after the fire. Concern for others and respect for others comes into play by the decision of Feuerstein to extend medical coverage for the employees. Fairness, on the other hand, is reflected in the way Feuerstein considers the employees and their well-being and makes a decision that is fair to them. Lastly, reputation comes in as Feuerstein decides to rebuild the company and not relocate since the decision would ruin Maiden Mills corporate social responsibility thus ruining its reputation as being labeled as an opportunistic company that only cares about its financial gains.

5. What kind of man is Feuerstein?

Feuerstein is described as a man with the above mentioned ethical values in an organization. This is shown by the courageous move mad by Feuerstein to rebuild the smoldered company rather than relocation to another location where he would cut costs. Additionally, by extending medical coverage for the employees, we see him as caring and understanding. At the same time, Feuerstein comes in as an intelligent leader who is not opportunistic but considerate in his decision. He turns down the chance to relocate for the benefit of the company and decides to stay at the current location despite all factors favoring the company's relocation.

6. How would you describe his actions after the fire?

His actions after the fire bring out his liberal side. I would, therefore, describe his actions as humane and full of care. As the president of Maiden Mills, he had the responsibility to take care of the employees that were affected by the fire, and he does not disappoint by the decision to rebuild the company. However, I would also describe his actions as somewhat ill-advised considering the negative financial implications and the cost of operations that the location of the company presented. Therefore, he should have taken the opportunity to relocate the company.

7. Can you describe the man and his actions without using ethical or evaluative words? Whose interests should Feuerstein consider in making this decision?

It is impossible to describe Feuerstein without the use of evaluative or ethical words based on his decisions in this case. As such, it is impossible to describe any person without considering evaluative or ethical words. In making the decision, Feuerstein should consider the business interest based on a decision that presents a financial sense

8. How many different people were affected by the fire and the decision?

For a process of decision making, exploration of stakeholders comes first where the business is the first entity affected by the fire and the decision. Also, all stakeholders associated with the firm also felt an impact of the prevailing circumstance, for instance, the employees, the surrounding community, the managers, other apparel business supplied with Polartec from Malden Mills and also the end-use consumers who bought clothes manufactured by the fabric.

9. What were other options available for Feuerstein? How would these alternatives have affected the other people involved?

Feuerstein had numerous options available. One was relocating the business to another location characterized by cheap labor and taxes. Second, taking the insurance compensation and closing the business was an available option. Thirdly, rebuilding of the company and permit current workers to retain their jobs and finally, he had an option of reopening the business by hiring new workers during the time of opening.

10. Were Feuerstein's actions charitable, or was this something he had a duty or obligation to do?

The society viewed Feuerstein's actions as charitable because he had no legal or contractual obligation to pay the employees' salaries till they reopened or retain the business in Malden. He had an array of options to pick which could have been considered as reasonable choices. However, he chose to be part of a decision that was equitable, appropriate and a demonstration of an ethical value of loyalty towards his employees.

 

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