Scenarios
While there are many ways of approaching scenario planning, the Management Team has developed a number of possible scenarios, each of which appear to be equally possible, not necessarily equally beneficial for the organisation.
Do nothing Take minimal internal action Take substantial visible action Take industry leadership
This involves not reporting, not taking any action and acting as if nothing happened. The contract with the key supplier or persons involved is terminated. The problem and responses are not reported outside of the organisation/business. Potential short-term costs are minimized. The decision is made to work with the supplier to improve their practices and address modern slavery. A voluntary disclosure is made on the organisation’s web site about the issue. This may involve some short-term costs. The organisation/business takes significant action throughout the supply chain, putting in place policies and procedures to address modern day slavery. The organization voluntarily submits a report. This will bind the organisation/business to the full process outlined in the Modern Slavery Act, even though it is not legally required to do so. This involves substantial short-term costs.
NOTE: For the purposes of this assignment, you should assume that your organisation/business does not have to comply with the Modern Slavery Act.
