Market governmnet and orgainzations - Article Example

Offer three approaches based on three theoretical foundations studied (Radical, Mixed liberal and neo ical)The three approaches recommended for the company include radical, mixed liberal and neoclassical theoretical foundations. In regards to the neoclassical theoretical foundation, trying to maintain the beta corp. company afloat by the government is not brilliant owing to the meltdown of the US mortgage market. Since the company mainly deals in mortgages, a deterioration of the same would mean little or no market for this company.

The Canadian government’s strive to keep the company afloat may only go as far as assisting the company to meet its obligations, but may not provide long term solutions. The company’s board of directors’ decision to fire the CEO was not prudent since it led to the disintegrating of the entire board team. Merging with another firm and coming up with unique services would an ideal way out for the beta corp. company.The radical approach is quite pragmatic. The government’s decision to keep the company afloat is important in ensuring that all the obligations of the company are met.

In the event f failure to meet such obligations, normally, the citizens that had subscribed to the insurance scheme would suffer losses. This would increase lead to depreciation in the economic growth, as the citizens would be struggling to bear the loss of insurance investment. The mixed liberal theoretical dimension also offers a good perspective of the situation. The government needs to keep the company afloat to ensure that all the company obligations are met. However, on the same note, the company ought to put in place a good and compete team of board of governors to oversee the management process of the company.

Firing of the company’s CEO may not have been a prudent idea, but it offered a perfect chance for the government to appoint new members into the team of the board of directors. Such a team would develop a strategy to efficiently maintain the company and keep things working perfectly. 2. For each of the three theoretical foundations you will offer a governance structure that will address: Neoclassical According to this perspective, the board of directors appointed for this company ought to competent and capable of critically analyzing a situation in place.

The board members should be people with experience and skills on the management of companies of this nature. The members should be professionals capable of making independent decisions. Ideally, the board must fulfill its primary role of strategic planning for the company. Such plans should be made on long term basis, and should be aimed at uplifting the company and making it emerge among the topmost companies. The radical approachThe radical approach may also adopt a similar opinion as the neoclassical approach.

In terms of governance, the company should consider having a CEO and board of governors. The CEO, through the board manages the company affairs and seeks consultation from the members of the board who are knowledgeable. The new CEO should be skilled and capable of making independent critical decisions, which will help in management.Mixed liberal approachThis approach calls for a comprehensive and well organized governance structure. Such a governance structure should consist of many members in the board of directors with a CEO from a reputable company.

This will ensure that strategic planning takes place as well as the company getting the best services. The government should also have an upper hand in the selections and appointments made on the members of the board. The government should be in charge and look into details the various activities taking place in the organization. ReferenceDevas, N., & Alam, M. (2008). Financing local goverment. London: Commonwealth Secretariat.