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Legal Business Malden Mills Video Analysis Discussion Solution
Legal Business Malden Mills Video Analysis Discussion
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Legal Business Malden Mills Video Analysis Discussion
1) Watch the video on Malden Mills: Video Link (Links to an external site.)
Read the article http://ethix.org/2011/06/25/was-aaron-feuerstein-wrong (Links to an external site.)
For discussion, address the following (if you use outside sources, provide URL)
1- Was Feuerstein guided by morals or ethics?
2- Do you think he could have made the decision if Malden were a publicly traded company?
3- Why do you think he has critics for his decision?
You must provide citations for all materials used.
2) Also you need to reply two classmates.
- Your original post must show effort. There is no hard rule for length, but many of these can be expressed in 2-4 paragraphs. The post is graded on content, grammar, spelling, and presentation. You can, and are encouraged, to use outside material such as web sites but you must provide a citation (even an informal citation is acceptable). Please DO NOT post as a file attachment. If you want to compose in MS Word or any other program, once you are finished, copy and paste directly into the board.2. Your reply posts need to have substance. They cannot be… “good post.” It should read as a dialogue as if you were discussing in person. You can agree or disagree (if you disagree, do so respectfully. If someone disagrees with you, do not take it personally. If, at any time you think there is an inappropriate post, DO NOT reply…bring it to my attention immediately). You can cite to each other. A reply should show that you spent time and effort reading the post, thinking about it, and responding. Legal Business Malden Mills Video Analysis Discussion
Legal Business Malden Mills Video Analysis Discussion
By Andrew Molina
Aaron Feuerstein in his decision to rebuild the textile mill after the fire and keep all his employees on full salary acted on his personal morals about the responsibility an employer has to his workers. Feuerstein made
two separate choices, both of which may have cost him and his company significantly, including missed future profits, by not outsourcing and by continuing to pay his employees despite their lack of work. These
decisions were made due to his belief that employers should strive to provide a decent living for their workers and should treat them as valuable to the company. He wanted to protect the livelihoods of these people
and sought to give back to them for their hard work and found no pleasure in simply moving his factory overseas and making more money or cashing in on his fire insurance living the rest of his life in luxury.
If Malden Mills was a publicly traded company, chances are that Feuerstein would have been pressured by Wall Street to not pay his workers during the reconstruction of the mill; investors would have seen it as an
unnecessary labor expense that was producing no returns for the company. Furthermore, it would have been likely that investors would have tried to get Feuerstein to rebuild his mill elsewhere besides the United
States. American textile mills had higher costs due to labor than other more competitive countries and, given the trend of outsourcing manufacturing at the time, the rebuilding of the mill in Massachusetts would
have been strongly opposed. Luckily for its workers, Malden was privately held by Feuerstein and he was able to make his own decision about what path to take with the company following the fire.
Feuerstein mostly has received criticism for his idealistic ethics and how it guided him to make the costly decisions that caused his company to acquire a large debt burden. This debt burden is what many critics see
as causing Malden Mills to declare bankruptcy in 2001. Critics largely argue that Feuerstein’s decisions lacked any business sense and resulted in the company experiencing two bankruptcies and an eventual
acquisition; they have used this as evidence that he mismanaged his company by prioritizing its employees over the survival of Malden. The issue with this stems from the fact that the company had already declared
bankruptcy before, so the bankruptcies were not necessarily due to his decisions. Rather, it can be understood to be largely due to the capital-intensive nature of manufacturing and the low profit margins of the textile
industry. This means that with even minor changes in consumer behaviors, Malden would have been vulnerable to considerable losses that would have made its debt unserviceable. Which is exactly what happened
in the few years following the mill’s reopening. And ultimately the company is still around, as a subsidiary of Polartec, but more importantly, the mill itself is still open and its workers still have jobs there.
References:
https://ethix.org/2011/06/25/was-aaron-feuerstein-wrong (Links to an external site.)
Edited by Andrew Medina on May 28 at 10:52am
Legal Business Malden Mills Video Analysis Discussion
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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