Current global economy requires intricacy

Reference no: EM13332144

The current global economy requires intricacy in thinking through business issues. It also requires cultural understanding and negotiation skills as well as innovative and sustainable ideas to solve problems. The problems and possibilities that you will face as a business leader are comprehensive and call for more than just a one sided approach. Consider the following scenario:

THE SITUATION: You are a Vice President for global leader in firecracker manufacturing. You have plants all over the world in small villages. These villages rely upon the jobs and the income provided by working in these factories. The particular firecracker you make the most profit on is a small “popper”. It requires small fingers to create the popper and so children are the perfect employees. For the children who work in these factories, the money they make often provides the only source of food for their families. Unfortunately, due to the volatility of the essential materials, the celebrations that occur in the village and other conditions, fires often erupt. These fires are responsible for the deaths of hundreds of the plants employees, many of them children.

YOUR ASSIGNMENT: Before the media begins a series of stories about your company, you are flown to one of your plants in a small village in Asia to examine the issues first hand. You have 24 hours to report back to the CEO about the future of your business. What do you decide to do?

What are the key issues? Child welfare? Profitability? The village’s economy? Plant safety? Ethical business practices? Rights to employment?

Reference no: EM13332144

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