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Provide the captains with early retirement benefits

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Reference no: EM133100618

DeepSea Company is a fishing company that is quite traditional when compared with its competitors. It relies on small boats and the catches they make. The boats are fitted with equipment that helps with catching mackerel. The company takes pride in its reputation for being very customer friendly and for doing its best to ensure that its customers get high-quality fish from the sea.

Owing to the evolving sea fish market, mackerel is slowly losing demand, and the demand for tuna, another variety of fish, is increasing. DeepSea's leadership is contemplating this scenario.

The leadership feels that the company needs to change and begin fishing for tuna. DeepSea thus wants to make the necessary changes to remain competitive. However, fishing for tuna would require DeepSea to work with large fishing trawlers that are five times as big as the typical small boats it uses for catching mackerel.

DeepSea's marketing and sales, HR, finance and fishing operations teams constitute the company. Its leadership has to work with these teams to enable and implement the change.

The switch from small boats to big trawlers has led to the captains of the small boats staging a protest to reverse the change as they felt that they would be of no value and that their jobs would be at risk.

Which of these steps can the leaders take in order to help the captains embrace the change and adapt to it?

Options

  • Provide the captains with early retirement benefits and exit packages
  • Provide the captains with reskilling opportunities so that they can operate the trawlers
  • Postpone addressing the captains' concerns to a later date

Reference no: EM133100618

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