Creating a Communication Plan for All Stakeholders - Essay Sample

Introduction

The stakeholders in this situation are employees of the company, the management, and the suppliers. Other stakeholders include the government, customers in the Canadian market and the workers who provide materials to the suppliers. The situation could also impact the investors because a decision made could influence the progress of the company.

Is your time best spent reading someone else’s essay? Get a 100% original essay FROM A CERTIFIED WRITER!

Order now

Communication Plan

The company has decided to terminate the contract with the suppliers due to their unethical way of doing business. Although it is expected that the overall operations of the company will be affected, the company has decided to look for new suppliers and increase the roles of the employees to address the difficulties encountered along the way (Heath, Kaldis & Marcoux, 2018). The company has a key concern to source ethically. It is also very clear on its stand on business ethics. As a respected brand, the company has a responsibility to act ethically (Ruddell, 2004). The firm is also committed to offering the best possible value for its customers. This way, the company ensures that the sources of raw materials are acquired under good conditions and employees in those factories treated well. Although the decision of finding new suppliers will cause shortages and affect the production process, the company has made it clear that the suppliers must act ethically.

The Impact of Efficiency on Business Operations

It is agreeable that Jason's claim that intensifying the efficiency of resources will result in increased consumption of merchandise and demand will impulsively escalate. Adopting this argument on our enterprise 'BQ Industries' will have a huge effect on sales and consumption. Many elements exist to influence the efficiency of resources. Adding a modern feature to our products will entice more clients towards our products. The company can improve the already existing aspects like more appealing packaging, more simplified customer manual or customized packaging. Numerous industries use packaging as the most crucial aspect to attract a customer. In addition, customized packaging attracts a certain customer segment (Page, 2010). Nevertheless, setting objectives is influential and common product features are an easy way to remain focused and productive.

Each and every product contains numerous features, from attractive, increased performance and tailored features. Over the years, the manufacturing industry has transformed except for the manufacturing of the original product. Our soap manufacturing industry has increased in demand due to additional products in our category. Utilizing raw material of used product does not impact the environment and extracting coconut oil will help increase the company's productivity. Limited amounts of fragrance oil are mixed with other elements which are essential in making an impression to the customers. Additionally, by making the price of the products reasonable when compared to the rival companies, the consumption level of the product can be high. Another thing to be put into consideration is the quantity and quality of the product to build a loyal customer base.

There are numerous factors for reducing the consumption of the company's product. Design faults avert the utilization of most economic manufacturing techniques. Inappropriate quality standards cause pointless operations and surplus material exclusion requirements are entailed due to the defective design. Additionally, ineffective production and process approaches that are not suitably exercised can result in reduced productivity. Besides, in case unsuitable or bad configuration cause unwarranted movement and erroneous operation method, productivity is impacted. One of the most common cause for the reduction in consumption is when the cost of substitute products reduces or the cost of complementary products increased and then the demand for the item shifts backward. Scrutiny of input resources like raw materials and semi-finished or finished required for packaging is crucial in determining the level of consumption. Production time is expected to be completed on time to allow time for additional operations that add value to the final product. Nevertheless, in case of accounts are not efficiently managed, production can be affected thus leading to less consumption and funds to sustain the business operations.

References

Heath, E., Kaldis, B., & Marcoux, A. M. (2018). The Routledge companion to business ethics. Abingdon, Oxon; New York, NY: Routledge.

Page, S. (2010). The power of business process improvement: 10 simple steps to increase effectiveness, efficiency, and adaptability. New York: American Management Association.

Ruddell, L. (2004). Business Ethics - Faith That Works: Leading Your Company to LONG TERM success. Houston, TX: Halcyon Press.