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If handled correctly, a plant can successfully close without any bitter feelings from any of the stakeholders. In order to close a plant successfully, the company must be willing to invest the time and effort into researching the best possible way to meet each stakeholder (as a collective group) needs.
The responsibility of the success and failure of a business ultimately rests with the upper management, board of directors, and stockholders. When a business makes the economic decision to close it is necessary to provide the other stakeholders enough time to come to terms with the closure and to make the necessary decisions for life after closure...
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