Evaluate the Possible Consequences of Michelin Failing to Meet Its Aims and Objectives Essay

Objectives markets and customers, employees, economic performances, environmental policy and product/manufacturing. These digest guidance for focus actions. Most organisations feel general or general aims which they can break down into specific objectives and aims. If aims and objectives fail to be no-hit there is a change the personal credit line will no long-acting work out. Michelin will have many consequences if the demarcation fails to meet aims and objectives. merging s lockholders needs Michelin looks to combine high levels of all stakeholder groupings.The company recognises that its long-term development depends on maintaining a agreement between the needs of customers, employees, shareholders and the environment. This involves non only considering the individual benefit of a particular stakeholder grouping, but overly the incorporated benefit of all the groups. Michelins policy on products and services forge this approach. Michelin recognises that its long te rm success and development depends on maintaining a balance between all of its stakeholders needs.If there is an Impact on the stakeholders Employees will not have a safe, secure job and may have to take a pay cut or reduce hours they work, this may chasten employees to look into finding a different job where they know the agate line is successful. They may not get the level of training they have been apply to. Customers may no longer be able to buy the akin quality of goods and services if they fail to meet their aims and objectives this will be a big downfall in the business, they could lose customers which will make the business very unsuccessful.Shareholders may not receive the same return on investment that they once did or are looking for. Shareholders want a healthy dividend. Suppliers may not benefit from regular orders and prompt management from Michelin. If Michelin are meeting their objectives they will struggle financially this will prepare many problems. Public a uthorities such as the local business community may no longer give Michelin the support and co-operation it once did this is because the business is not working as it used to.Communities may be affected by Michelin not meeting its aims and bjectives as it may vomit up local people out of jobs as it has 125,000 employees. Environment may be affected by Michelin not meeting its aims and objectives as their products may bring into being not very environmentally friendly. This will lose the business honor and potentially customers as well. Michelins current policy on products and services reflects this collective approach and will help them to meet targets of the business, without aims and objectives the business will have hardly any chance of being successful in the in effect(p) future.