This is an interesting presentation to read through - not one of my flashiest powerpoints, tho. This was another course assignment, this one dealing with business ethics. My partner and I disagreed on solutions, so we presented two. :o) All numbers are completely fictional - we pulled them out of thin air. YAY college course that don't care!
5. Solution number One (con’t) Potential Costs $16.7 Million Total Potential Cost of Solution One: $1 Million for setup, $750,000 annually. Retirement Ranch (Building, cost of state certification, employing personnel, providing appropriate food and sanitary needs, as well as comfort and entertainment items.) $500,000, annually. The “In Their Honor” fund. $1.5 Million The expedited audit process and resolution of this Event. (May include revamping current lab for comfort of animals) $1.5 Million Recruiting and employing 10 new Lab Audit Professionals. $5 Million Revamped Marketing Efforts (Again, we have a Marketing team, and they have a budget for emergency issues, but we want to make sure this message is especially effective, and saturates our market.) $5 Million Legal Fees regarding Lab Assistant and Press (We have a Legal Team on retainer and have budgeted legal fees, but will go over budget)
12. Solution Number Two (con’t) Potential Costs $23.8 Million Total Potential Cost of Solution Two: $3 Million Renewed Marketing Materials to Reflect New Products $500,000 Adoption Process/Finding Rescue Homes $10 Million Revamped Plant/Factory $350,000 Severance packages, and payment for temporary lay-offs. (Animal testing employees will receive 4 week severance package. Other employees will earn 50% of income while temporarily laid-off [no more than two weeks]). $5 Million Revamped Product Formulas (Getting information on products that have already been tested by other companies and been proven effective and safe, partnering and fees and research.) $5 Million Public Relations efforts (We have a Public Relations team, but the team for this project will be highly specialized, incurring travel expenses, and will require overtime bonuses.)