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Vp Banking Essay

3525 words - 15 pages

Smith & Wesson Corporation
Business Proposal Addressing Proposed Nationwide Gun Laws
Scholars
Roberto Del Angel, Jennifer Mitchell, Vanessa Salloum, Rachel Wright
University of Texas at El Paso

Table of Contents
Introduction…………………………………..………………………………………………...…3Effects of Proposed Gun Laws…………………………………………..…………………......4-6Recommendations……………………………………………………………………………..7-12Conclusion……………………………………………………………………………………….13References………………………………………………………………………...……….....14-15Appendix………………………………………………………………………………………...16 |

Smith & Wesson Corporation
Business Proposal Addressing Proposed Nationwide Gun Laws
Smith & Wesson's motto intends to protect the Second Amendment ...view middle of the document...

Effects of Proposed Gun Laws
Most gun laws are designed to effectively reduce gun deaths and injuries, keep guns away from criminals, and to fight illegal gun trafficking. The problem Smith & Wesson faces in this issue is when our nation’s leaders create gun laws that have an impact on the company’s profits and future outlook. Restricting the Second Amendment rights of law-abiding citizens does not make anyone safer. It simply empowers those who have no regard for the law and who wish to do us harm. Americans own nearly 270 million firearms, which is approximately 90 guns for every 100 people in the United States (Tracking State Gun Laws: 2013 California Firearms Legislation, 2013). While recent news has highlighted the horrific mass shooting events that have taken place, they have failed to point out the existence of millions of responsible gun owners who have never committed a crime.
Currently, Congress legislators are working to move bills through the house to pass significant gun control legislation after mass shootings in Colorado and Connecticut last year. The bills would tighten a ban on semi-automatic firearms and further regulate ammunition sales. This will affect the Smith & Wesson Company not only financially but could hurt the company’s future reputation. This bill would eliminate military-style assault weapons and large capacity ammunition magazines to the public in states across the country. The company’s profit will decrease without the manufacturing and sales of the military-style weapons. Equipment used to manufacture this type of weapon will no longer be needed and will cause a loss in the investment made for the molds and machines purchased to manufacture the guns. With the number of military-style guns being manufactured, the company would run the risk of repurposing employees or possibly lay employees off.
Magazines clips are also a target in the current gun control policy. Legislators are pushing that the magazine be redesigned to limit the number of rounds down to ten. With the ban on high capacity magazines the company would face the need to redesign and manufacture all magazines clips. This would cause a loss in profit and time to have engineers redesign the magazine to fit the new law enacted. Smith & Wesson would also have to redesign the models used to manufacture all the clips as well as re-train employees to use the new equipment. The company will also face the possibility of closing the doors to manufacturing plants and combining current plants into one location. Despite what some (including the Colorado legislature and Gov. John Hickenlooper) would have us believe, the Second Amendment is crystal clear. “Placing an arbitrary limit on the capacity of a gun magazine is an unacceptable restriction on the rights of gun owners, manufacturers and sellers,” (Harper, 2013).
Last month, the U.S. Senate rejected a plan to expand background checks for gun buyers despite a major lobbying...

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