Best Snacks Inc. has set a ending to be a leader in the raciness sustenance industry, to reach this goal they will be faced with restructuring in how they develop new products, economic demands and their customers. Within this restructuring, several options and plans ar available to make this happen.
Describe the Situation
Issue and Opportunity Identification
Best Snacks sales are on a steady decline, they are looking to change so they can continue to compete and prosper in the snack fodder industry. Elizabeth Fairchild is looking to help the company to force more than in advance(p) in developing new products, to expand their consumer story and markets, while increasing profits. In order for communications to remediate between the executive team and employees, Best Snacks has implemented a plan to include all executive team members in strategy planning and decision-making processes and get the information out to the employees sort out away. According to McShane and Von Glinow (2004, p. 324), Effective communication is vital to all organizations because it coordinates employees, fulfills employee needs, supports familiarity management, and improves decision making.
Stakeholder Perspectives/Ethical Dilemmas
Each stakeholder has their own belief and values when it comes to the welfare of the company.
The shareholders, customers, employees, and Executive focussing Team are willing to invest a square(p) amount of participation to accomplish the success of the company. The Executive attention Team and the stakeholders want to make sure their main interest is the history of Best Snacks market shares, operating profit, innovation, stock performance, profitability, and wages of investment will continue in the manner of achieving success.
Frame the Right Problem
Best Snacks will become a leading contender in the snack food industry by developing the most creative innovative products the market has seen in years that will be outlay competitive and affordable by...
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