Market governmnet and orgainzations Article Example | Topics and Well Written Essays - 500 words

Market governmnet and orgainzations - Article Example The company’s board of directors’ decision to fire the CEO was not prudent since it led to the disintegrating of the entire board team. Merging with another firm and coming up with unique services would an ideal way out for the beta corp. company. The radical approach is quite pragmatic. The government’s decision to keep the company afloat is important in ensuring that all the obligations of the company are met. In the event f failure to meet such obligations, normally, the citizens that had subscribed to the insurance scheme would suffer losses. This would increase lead to depreciation in the economic growth, as the citizens would be struggling to bear the loss of insurance investment. The mixed liberal theoretical dimension also offers a good perspective of the situation. The government needs to keep the company afloat to ensure that all the company obligations are met. However, on the same note, the company ought to put in place a good and compete team of board of governors to oversee the management process of the company. Firing of the company’s CEO may not have been a prudent idea, but it offered a perfect chance for the government to appoint new members into the team of the board of directors. Such a team would develop a strategy to efficiently maintain the company and keep things working perfectly. According to this perspective, the board of directors appointed for this company ought to competent and capable of critically analyzing a situation in place. The board members should be people with experience and skills on the management of companies of this nature. The members should be professionals capable of making independent decisions. Ideally, the board must fulfill its primary role of strategic planning for the company. Such plans should be made on long term basis, and should be aimed at uplifting the company and making it emerge among the topmost companies. The radical approach may also adopt a