Problem 1: Who are the stakeholders that are affected by Price's decision?
Problem 2: What are the consequences of this decision for each stakeholder?
Problem 3: Price experienced unexpected challenges from various stakeholders. What should he have done before increasing the employees' salaries?
Problem 4: What are the potential problems of a minimum salary increase as a compensation plan? How can you minimize these problems and motivate employees?
Problem 5: What would you recommend to Price in the future?