Executive education programs and graduate-level business programs generally devote substantial time and resources to training professionals to open businesses, generate business growth, and manage on-going operations. Few programs, however, devote any time to a topic that many executives will one day be forced to confront: plant closings. Because relatively few managers have actually gone through the plant closing process, there are rarely “experts” available to guide a company through the practical day-to-day aspects of shutting down a facility. This paper addresses the key topics needed for an advanced level program dealing with the operational aspects of closing a facility. Such topics include operations management issues, human resources considerations, and legal compliance. Following an executive level training program of this type should increase the chances of having a successful closure: one that minimizes the negative impact and uncertainty related to the closure.
Woodford, Kelly C.; Finney, Treena Gillespie; Chow, Alan F.; and Lambe, Nancy J.
"The Forgotten Topic: Teaching Plant Closing to Executives and Graduate Students,"
Journal of Executive Education:
1, Article 5.
Available at: http://digitalcommons.kennesaw.edu/jee/vol8/iss1/5