483 - Gravity Payments

You might also like

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 1

What should Dan Price do in order to deal with different reactions from the company’s employees,

customers, media and his brother?

Employees:

Price should announce other benefits to the hard-working employees who feel sidelined with this
move. Also, as a gesture, Price can give some holiday passes or a bonus to the high-level employees.
They could also be given some ESOPS in the company as a differentiator from the lower-level
employees.

He should show that the company’s intention was to put a safety net for the lower-level employees
so that they could attain a basic standard of living. But now, only the deserving people will be
promoted or given a raise based on performance. And if people become complacent, they would be
fired. Now that the pay is higher for the junior employees, better productivity will be expected from
them.

Customers:

Firstly, Price should personally meet the customers and convince them that the fees will not be
increased at all. This will ensure that the customers don’t take rash decisions.

Media:

Price should

Brother:

Price could argue that the number of customers is increasing rapidly and the productivity and morale
of employees is very high too due to the new policy. This will ensure high profits and the company
will be able to handle it just fine.

Price should talk his heart out to his brother. He should show Lucas the bigger picture here and how
many families they are helping with this single scheme.

You might also like