Unit 5 Assignment: Persuasive and Negative Messages You are the CEO of Post Corp
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Question
Unit 5 Assignment: Persuasive and Negative Messages
You are the CEO of Post Corporation and you have just received the report from the Finance department regarding the inability of the company to pay off its debt. Reluctantly, the only option is to liquidate all of the inventory in order to salvage as much money as possible before the closing the stores. Your task is to compose a memo directed to the organization’s stakeholders, which includes employees, the Board of Directors, senior management, customers and/or suppliers. In the memo, focusing on tone, explain the rationale for the decision to close the stores.
Explanation / Answer
Dear Board of Directors, Management, Customers and Suppliers. Being the CEO and on behalf of Post Corporation, I am feeling very sad and dishearten to convey the message that company is under high debt. After much efforts and struggle, the finance team has now left the hope as we are no more in the position to pay company’s huge debts. Management has taken all steps to put business in line (increase profits) but all our efforts has gone in vain. The only suitable option left with us is to liquidate the inventory so that money can be recovered from it. It’s the last option with us before closing the stores, otherwise all our inventory will go in waste which will ultimately increase the losses. Being a responsible CEO and head of the company, I feel that this is the time to work cooperatively and contribute our level best to the organization. I request everyone to fee responsible for the company. Everyone is welcome to put forward ideas to maximise the sales of inventory.
With Thanks & Regards.
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