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

Objectives markets and customers, employees, sparing performances, environmental polity and product/manufacturing. These admit guidance for worry actions. Most organisations capture general or over each(prenominal) aims which they arsehole break down into specific objectives and aims. If aims and objectives drain to be successful there is a change the strain will no longer work out. Michelin will fork up numerous consequences if the business offends to meet aims and objectives. shock stakeholders needs Michelin looks to combine full(prenominal) levels of all stakeholder groupings.The comp each recognises that its long-term instruction depends on maintaining a balance surrounded by the needs of customers, employees, shareholders and the environment. This involves not only considering the exclusive benefit of a particular stakeholder grouping, notwithstanding also the collective benefit of all the groups. Michelins policy on products and services confer this nest. M ichelin recognises that its long term success and developing depends on maintaining a balance in the midst of all of its stakeholders needs.If there is an Impact on the stakeholders Employees will not stick a safe, secure job and may have to take a pay turf out or reduce hours they work, this may fall employees to look into finding a opposite job where they know the business is successful. They may not get the level of facts of life they have been used to. Customers may no longer be able to bribe the aforesaid(prenominal) 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 flake out customers which will make the business really unsuccessful.Shareholders may not receive the same return on investment that they at one time did or are looking for. Shareholders call for a healthy dividend. Suppliers may not benefit from regular orders and prompt management from Michelin. If Michelin are fac e-off their objectives they will campaign financially this will cause many problems. Public authorities such as the local anaesthetic business community may no longer give Michelin the nutriment and co-operation it once did this is because the business is not on the job(p) as it used to.Communities may be affected by Michelin not meeting its aims and bjectives as it may put local people out of jobs as it has 125,000 employees. environs 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 applaud 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 near future.