Case Study- Malden Mills Essay Example | Topics and Well Written Essays - 500 words

Case Study- Malden Mills - Essay ExampleThe $25 zillion payment in payroll was bad for the participation because it forced the firm to pay additional debt in the long run which raised the fixed costs of the company (Fina-lib, 2011). A good aspect somewhat the decision was that that company built a reputation with the government, private industry, and general public that helped the company in the future land a $19 million U.S Department of Defense manufacturing apparel contract.My decision after the fire would suck been either to retire or to move the operations to a foreign bucolic that offered lower operating costs. Feuerstein did not consider the implications of the potential of losing a lot of customers after the fire. Many of the customers that left could not be recovered because they entered into contractual obligations with some other manufacturers. If one of the visions of the company was to keep the operation in America I would have followed the firms vision, but the op eration would have been reopened at a smaller scale through the implementation of a downsizing initiative. The firm would have lost between 20-40% of its employees and under no linguistic context would I have turned the firm into a social agency by paying free salaries from the money that should have been used to reconstruct the business.Feuersteins school of thought of valet resources was that the employees of the company were the most valuable asset the firm had. Retaining and developing human capital was a top priority of the firm. The company had a human resource philosophy that is aligned with the Japanese philosophy of lifetime employment. Feuersteins believed that the well being of the employees was his responsibility.4. Before the fire, Malden Mills was a privately held company, own by Feuerstein. After the fire, Feuerstein had to borrow money from different creditors in order to rebuild his business. Please answer the followingThe difference between a privately owned com pany and a publicly owned