Assignment Example | Topics and Well Written Essays - 250 words - 152

Assignment eventExecutives should in any case not walk away empty handed following the collapse of a connection since they are not directly involved in the companys failure. Collapse of major companies during the become economic crunch was caused mainly by external work forces. Such forces are beyond the reign over of the management staff.A hefty severance packages can also be viewed as a brute for attracting top talent to a company. An ideal business environment operates under the laws of demand and supply, which necessitates competition (Hirschey, 2009). In business, competition not only applies to the market, but also in recruitment and retaining of top talents. In addition, business decisions such as hiring top CEOs is a form of risk taking, which businesses are compelled to take. The train of risk that a company can accommodate, determines its income margins. Thus, top CEOs are not prudent for the misfortunes of a company. In any of such occurrences, responsibility shou ld be extended to all top-level managers and supervisors. This is because they are also involved in the companys decisions making