9 2 Final Research Paper
Final Research Paper
OL-500 Human Behavior in Organization
Kesha Jaramillo
Southern New Hampshire University
Abstract This paper will discuss Malden Mills and the decision that CEO Aaron Feuerstein’s actions following the 1995 fire. The organization is associated with both business and basic human values which makes it a brand with which anyone can relate. After the factory burned down in a fire in 1995, Aaron Feuerstein chose to value his employees over what could have been a huge monetary gain for the business (Leung, 2003). This went against typical business practices of the time. Because of this, Aaron Feuerstein eventually became the example of business ethics. The tenants of organizational behavior will through the actions of the Malden Mills CEO, Aaron Feuerstein, and its employees by answering the following questions:
What does Malden Mills’ commitment to its employees prove or disprove about the impact of values in action within the company?
Did the business model for Malden Mills and level of engagement with its employees cloud decision maker’s business judgment and lead to the failure of the organization? If so, to what extent?
Did Malden Mills’ CEO Aaron Feuerstein fail his organization by demonstrating compassion for his employees? If so, what does this show about balancing the needs of the employees with the needs of the business?
Introduction
When Aaron Feurestein chose to value his employees over monetary gain, he went against the grain of typical business practices of the time (Leung, 2003). This displayed the company’s values in action, which had a strong impact on the attitudes of the employees and the community. Because Feuerstein stood by his employees and the community, the employees and the community stood by the organization (Leung, 2003). Feuerstein soon became the go to example of business ethics. In the end, Malden Mills was unable to recover the losses it suffered from both the fire and the decisions following the fire
OL-500 Human Behavior in Organization
Kesha Jaramillo
Southern New Hampshire University
Abstract This paper will discuss Malden Mills and the decision that CEO Aaron Feuerstein’s actions following the 1995 fire. The organization is associated with both business and basic human values which makes it a brand with which anyone can relate. After the factory burned down in a fire in 1995, Aaron Feuerstein chose to value his employees over what could have been a huge monetary gain for the business (Leung, 2003). This went against typical business practices of the time. Because of this, Aaron Feuerstein eventually became the example of business ethics. The tenants of organizational behavior will through the actions of the Malden Mills CEO, Aaron Feuerstein, and its employees by answering the following questions:
What does Malden Mills’ commitment to its employees prove or disprove about the impact of values in action within the company?
Did the business model for Malden Mills and level of engagement with its employees cloud decision maker’s business judgment and lead to the failure of the organization? If so, to what extent?
Did Malden Mills’ CEO Aaron Feuerstein fail his organization by demonstrating compassion for his employees? If so, what does this show about balancing the needs of the employees with the needs of the business?
Introduction
When Aaron Feurestein chose to value his employees over monetary gain, he went against the grain of typical business practices of the time (Leung, 2003). This displayed the company’s values in action, which had a strong impact on the attitudes of the employees and the community. Because Feuerstein stood by his employees and the community, the employees and the community stood by the organization (Leung, 2003). Feuerstein soon became the go to example of business ethics. In the end, Malden Mills was unable to recover the losses it suffered from both the fire and the decisions following the fire
References: Gill, D. W. (2011, June 25). Was Aaron Feuerstein Wrong? | ethix. Retrieved from http://ethix.org/2011/06/25/was-aaron-feuerstein-wrong Kreamer, A. (2013). It 's Always Personal — Anne Kreamer. Retrieved from http://www.annekreamer.com/its-always-personal Leung, R. (2003, July 3). Retrieved from http://www.cbsnews.com/news/the-mensch-of-malden-mills McKenna, K. (2013, September 26). Louise Feuerstein, 76; worked with husband to rebuild Malden Mills after fire. Retrieved from http://www.bostonglobe.com/metro/2013/09/25/louise-feuerstein-worked-with-husband-rebuild-malden-mills-after-fire/y6QUSbWcsE7FAXIOuXjBYJ/story.html PR News Wire. (2007, January 10). Malden Mills Board of Directors Approves Sale of Company to Gordon Brothers... -- re> LAWRENCE, Mass., Jan. 10 /PRNewswire/ --. Retrieved from http://www.prnewswire.com/news-releases/malden-mills-board-of-directors-approves-sale-of-company-to-gordon-brothers-group-for-44-m-53369057.html Robbins, S. P., & Judge, T. (2015). Organizational behavior. Toffler, B. L. (2001, December 20). Finding A Balance Between People And Profits - tribunedigital-sunsentinel. Retrieved from http://articles.sun-sentinel.com/2001-12-20/news/0112190731_1_aaron-feuerstein-malden-mills-employees