Public Policy and the rise of Business Enterprise Essay

earthly concern form _or_ system of government and the rise of Business Enterprise - Essay ExampleDue to the severe economic quoin and other factors, the automobile constancy was working below par. A general perception was created amongst the humanity so as to hate the automobile industry in much(prenominal) a manner that the general public was made to envy the automobile worker because of the increase wage rate within the automobile industry. This overjealous public policy led to a severe slump within the automobile industry and many a(prenominal) of the automobile manufacturers were forced to almost close out their operations within the area but this place later changed and the change was brought upon by the Obama administration. Government Support to Home industry The other main ablaze issue that has led to such an uproar in this article is because all these Big three American automobile manufacturers, who at one measure, were about to go bankrupt and it was only the O bama administration that helped the automobile industry by offering them the Troubled Asset Relief Program (TARP) to survive the scare and reach such a position as described in this article. Stakeholders Stakeholders of the American automobile industry were also a part of this entire scenario and all the different groups of the stakeholders had their own personal interest in this. The major stakeholders come to with the American automobile industry would be the owners of the automobile manufacturer, the employees within these automobile manufacturing companies, the government, the customers and the suppliers of these automobile manufacturers with each and all(prenominal) stakeholder having a personal interest. The owners would be worried about their personal investments within the company and with this increase in sales the owners would get delighted as their returns would increase. The government would be worried about the increased aim of unemployment had these automobile manuf acturers ceased to operated due to bankruptcy. The improved figures in revenue would have saved the jobs. The employees would have been affected had they been redundant, the increased revenue have given them a hope of surviving. The customers would have to buy cars at high prices if the automobile manufacturer would have closed due to bankruptcy. The suppliers would have to find alternate customers if these companies would have closed (Drives, 2011). Policy options and implementation Public policy is usually a government action taken in exhibition to answer any particular issue within a country these actions are taken with prize to the legal and the administrative traditions prevailing in the country. The main issue within the article is the success business relationship of the American automobile manufacturer namely Chrysler, General Motors and Ford. The success story starts with the initial failure that of these 3 big automaker manufacturers and how the government and the labor staff worked together to help companies like Chrysler and General Motors. The linked Auto Workers worked together with General Motors to keep the Work force intact at a time when General Motor was about to go bankrupt. More recently, both General Motors and the United Auto Workers northward are making to reach an agreement so that fixed costs can be cut within General Motors. This shows how the company is working in order