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 provide guidance for wariness actions. Most organisations brace general or overall aims which they can break complicate into specific objectives and aims. If aims and objectives fail to be prospered at that place is a change the wrinkle allow no monthlong loll around to show up. Michelin give have many consequences if the subscriber line fails to meet aims and objectives. Meeting stakeholders require Michelin looks to combine high levels of all stakeholder groupings.The alliance recognises that its long- barrier development depends on maintaining a balance between the needs of customers, employees, sh beholders and the environment. This involves non only considering the individual benefit of a particular stakeholder grouping, but also the embodied benefit of all the groups. Michelins policy on products and function reflect this approach. Micheli n recognises that its long term success and development depends on maintaining a balance between all of its stakeholders needs.If there is an Impact on the stakeholders Employees will non have a safe, secure seam and whitethorn have to take a pay cut or boil down hours they work, this may lead employees to look into decision a different job where they fill out the line of headache is successful. They may non get the level of training they have been use to. Customers may no longer be able to buy the same shade of goods and services if they fail to meet their aims and objectives this will be a big declension in the business, they could omit customers which will charter the business very unsuccessful.Shareholders may not receive the same return on investment that they once did or are looking for. Shareholders want a bouncing dividend. Suppliers may not benefit from regular(a) orders and prompt management from Michelin. If Michelin are run into their objectives they will s truggle financially this will cause many problems. Public politics 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 apply to.Communities may be affected by Michelin not concussion its aims and bjectives as it may put 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 become not very environmentally friendly. This will lose the business respect and potentially customers as well. Michelins current policy on products and services reflects this collective approach and will sustain them to meet targets of the business, without aims and objectives the business will have hardly any chance of cosmos successful in the near future.