Public Policy and the rise of Business Enterprise Essay

Public Policy and the rise of Business Enterprise - Essay ExampleDue to the severe economic recession and other factors, the gondola industry was working below par. A general perception was created amongst the public so as to hate the automobile industry in such a manner that the general public was made to envy the automobile worker because of the increased wage rate inwardly the automobile industry. This envious public form _or_ system of government lead to a severe slump in spite of appearance the automobile industry and m some(prenominal) of the automobile manufacturers were forced to almost close out their operations within the area but this attitude later changed and the change was brought upon by the Obama administration. Government Support to Home industry The other main emotional issue that has led to such an uproar in this article is because all these Big three American automobile manufacturers, who at one time, were about to go bankrupt and it was just now the Obama a dministration that helped the automobile industry by offering them the Troubled Asset Relief Program (TARP) to survive the scare and reach such a short letter as described in this article. Stakeholders Stakeholders of the American automobile industry were also a part of this entire scenario and all the different groups of the stakeholders had their own person-to-person raise in this. The major stakeholders concerned with the American automobile industry would be the owners of the automobile manufacturer, the employees within these automobile manufacturing companies, the government, the customers and the suppliers of these automobile manufacturers with each and every stakeholder having a personal interest. The owners would be distressed about their personal investments within the company and with this increase in sales the owners would get delighted as their returns would increase. The government would be worried about the increased level of unemployment had these automobile manu facturers ceased to operated due to bankruptcy. The improved figures in revenue would submit saved the jobs. The employees would have been affected had they been redundant, the increased revenue have given them a hope of surviving. The customers would have to buy cars at high prices if the automobile manufacturer would have closed due to bankruptcy. The suppliers would have to find twitch customers if these companies would have closed (Drives, 2011). Policy options and implementation Public policy is usually a government action taken in order to answer any particular issue within a country these actions are taken with respect to the legal and the administrative traditions prevailing in the country. The main issue within the article is the success story of the American automobile manufacturer namely Chrysler, General Motors and Ford. The success story starts with the initial failure that of these 3 big carmaker manufacturers and how the government and the labor staff worked togeth er to help companies like Chrysler and General Motors. The United Auto Workers worked together with General Motors to keep the Work force sacrosanct at a time when General Motor was about to go bankrupt. More recently, both General Motors and the United Auto Workers union are devising to reach an agreement so that fixed costs can be reduced within General Motors. This shows how the company is working in order