How did the Hertz corporation benefit from the employment of issues management in relocating its corporate headquarters?

Please read Social Responsibility Case Study: Hertz Moves Its Corporate Headquarters, on pages 321-322 of the text and answer the following: How did the Hertz corporation benefit from the employment of issues management in relocating its corporate headquarters?Change Question

Answer & Explanation

Solved by verified expert

The Hertz Corporation is a global car rental company that underwent a relocation of its corporate headquarters from Park Ridge, New Jersey to Estero, Florida in 2013. During this relocation process, the company employed issues management to address potential challenges and leverage opportunities that might arise. Here are some ways in which Hertz benefited from the employment of issues management in relocating its corporate headquarters:

Anticipating and addressing potential challenges: Issues management helped Hertz identify and anticipate potential challenges that could arise during the relocation process, such as r

Looking for a similar assignment?

Let Us write for you! We offer custom paper writing services

Place your order

Step-by-step explanation

egulatory and legal compliance, workforce transition, and community relations. By addressing these issues proactively, Hertz was able to mitigate risks and minimize disruptions to its operations.

Engaging stakeholders: Hertz engaged with various stakeholders, such as local communities, government officials, and employees, to build support and understanding for the relocation. This helped to ensure a smooth transition and minimize negative impact on stakeholders.

Leveraging opportunities: Issues management also helped Hertz to identify and leverage opportunities that arose during the relocation process. For example, the company was able to take advantage of Florida’s favorable business climate, access to a larger talent pool, and proximity to key markets.

Enhancing reputation: By effectively managing the issues related to the relocation, Hertz was able to enhance its reputation and maintain its position as a responsible and responsive corporate citizen. This helped to build trust with stakeholders and strengthen its brand image.

Overall, the employment of issues management helped Hertz to navigate a complex and challenging relocation process and achieve its strategic objectives while minimizing negative impact on stakeholders.

Download PDF