Why do you think that Mars Inc. refuses to become a public company? How does Mars Inc.
Question:
- Why do you think that Mars Inc. refuses to become a public company?
- How does Mars Inc. motivate its employees?
- How does employee motivation at Mars Inc. contribute to the firm’s success?
Mars is the third largest private company in the United States that is 100 percent family owned. The company specializes in six brand areas: chocolate, pet care, Wrigley, food, drinks, and symbioscience. Mars aims to provide a positive work environment that motivates employees to strive for excellence and provide exceptional products for consumers everywhere. To do this, Mars has stayed a private company and has no plans to go public. Employees have access to vending machines that dispense free candy, the ability to grow within the company, and the opportunity to receive bonuses from 10 to 100 percent of their salaries. The company has been known to employ generations of families within the firm. As a result of its motivational environment, the company boosts a low 5 percent turnover rate.
Step by Step Answer:
Business A Changing World
ISBN: 978-1259179396
10th edition
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell