Kitchen Best Reliance Case Study
Tackle Most Urgent Management Issue in Kitchen Best Appliance Ltd
A Recommendation Report
Introduction
Kitchen Best Appliance Company Ltd currently faces problems with considerable consequences including legal prosecution and credibility lost if not addressed appropriately. These problems include the provision of substandard products, unethical business relation management, misconduct practices among employees and lack of proper control framework. The main problems identified were investigated and analyzed for this report. To realize the company’s growth potential and its ambitions, recommendations to tackle the most urgent management issue will be proposed.
Management Summary
Based on the investigations, it is evident that the most pressing
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Without a proper control framework, Kitchen Best’s internal controls would be disorganized. Hence, there would be no proper procedures established or clear business values to be practiced by employees. As a result, employees are more likely to be involved with misconducts and managers are less able to handle these cases effectively.
An excellent control framework can undoubtedly strengthen corporate governance in a company. To create one, the Business Code of Conduct can be introduced to the company. This would allow Kitchen Best to establish its own code of ethics. With this, employees are guided with a sense of ethics in their decision-making which would help protect Kitchen Best from lawsuits as well as building public trust and improve corporate reputation. Additionally, Kitchen Best can also benefit from developing a virtuous corporate culture which can motivate employees, as well as improving personnel loyalty . Note that it is especially crucial that the Business Code of Conduct made for Kitchen Best matches the company’s nature and purpose for it to be effective
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