Policy adoption can be very challenging to healthcare leaders. Many organizations employ consultants to assist with the implementation of new policies. There have been significant changes to health policies over the past few years that have forced providers to institute implementation strategies, ensuring that they remain competitive and profitable. Discuss the following
Does Blue Ridge PaperProducts’ (BRPP) policy differ from a traditional employee stock ownership plan (ESOP)? What are the implications?
Are there any ethical concerns in the case? Why? Why not?
Did the case present a buyer-dominant or a seller-dominant approach?
What important lesson(s) are learned from this case study? How would you apply this to practice?
Sample Answer
here are the answers to your questions:
Does Blue Ridge PaperProducts’ (BRPP) policy differ from a traditional employee stock ownership plan (ESOP)? What are the implications?
Yes, BRPP's policy differs from a traditional ESOP in a few key ways. First, BRPP's policy allows employees to purchase shares of the company at a discounted price, while a traditional ESOP typically requires employees to purchase shares at fair market value. Second, BRPP's policy allows employees to purchase shares over time, while a traditional ESOP typically requires employees to purchase all of their shares at once. Third, BRPP's policy allows employees to sell their shares back to the company at any time, while a traditional ESOP typically requires employees to hold their shares for a certain period of time before they can sell them.
The implications of these differences are that BRPP's policy is more affordable for employees and gives them more flexibility in how they purchase and sell their shares. This could make BRPP's policy more attractive to employees and could help to improve morale and productivity.