Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Company Q. appears to have allowed the fear of corruption, particularly fraud and theft, on behalf of their employees to get in the way of their contributing to the greater good. It would appear that if management has concerns regarding employee theft then this issue should be addressed through theft prevention programs rather than an avoidance of engagement in activities that may or may not result in theft by employees. The donation process could be structured in such a way to safeguard against fraud and would provide assistance to many community members who cannot afford food.
While trying to listen to their consumers, Company Q. decided to bring in health conscious and organic products, yet the products that they have chosen are high end and therefore not affordable to many of their customers. On the one hand Company Q. attempted to be attentive to the needs of their customers yet they did not take into account that their customer base is quite diverse and while their more affluent members will benefit from these healthy and organic options their customers of lower socioeconomic status will not. It is important again to remember that...
In exploring these options Company Q. will be accepting responsibility for the overall health and well-being of all members of their community not just the ones who can afford to be healthy.
Pava (2008) points out that in most cases actions that are socially responsible also benefit the company itself by increases in revenue and profits. Therefore while engaging in socially responsible behaviors helps to shape the community it also helps the companies improve business and increase profits. Therefore it would appear that the two issues can go hand in hand. A company can prioritize both social responsibility and community contribution while focusing on their economic sustainability.
Social Responsibility Company Q's current attitude towards social responsibility is not positive. Social responsibility is "an obligation, beyond that required by law, for a business to pursue long-term goals that are good for society" (Riley, 2012). Company Q. has not demonstrated through any of its actions or policies that it subscribes to this philosophy. Its current approach demonstrates the company's policy with respect to the food bank is of particular concern,
They will also be demonstrating a clear understanding of the broad role that they play in the wider society which will build trust with the community at large. In order to ensure that employees do not partake in fraud activities with the food that would be donated to the food bank, Company Q. should pay their staff fairly, providing a good work environment and encourage open communication channels so
Ethics Social Responsibility and Ethics Evaluate Company Q's current attitude toward social responsibility. Company Q. has a negative attitude towards social responsibility. This is because it believes that there is the potential for fraud and losses. In this situation, the management feels they must proceed with caution. This is from a perception about these programs not producing any measurable results in comparison with their costs. Over the course of time, this will more
Corporate Social Responsibility Initiatives A corporation that responds positively towards social issues is considered socially acceptable. There are some corporate social responsibility initiatives which the firm should take in order to get socially responsible. There are five main corporate social responsibility initiatives: Philanthropy, Work/Life programs, Community redevelopment, Acceptance of whistle blowers and Environmental protection. Philanthropy The first way is to donate a lot to charities. These include hospitals, colleges and nursing homes. Many
Ethical Responsibility of Corporate America Many organizations strive to increase their profit margins by doing everything possible (including unethical practices) to increase their revenues. Nevertheless, the past three decades have seen some organizations embracing CSR (Corporate Social responsibility). This idea has become significantly important to almost every organization that seeks to increase revenues. Corporate social responsibility is also referred to as community responsibility, stewardship, corporate sustainability, corporate responsibility, accountability and corporate
IV. Decision Making A. Decisions There are potential business ethics and regulatory issues that could impact Starbucks by affecting the corporate strategy, brand development, and decision-making processes. One of the issues is diversity issues. Starbucks could also face ethical and regulatory issues in terms of integrity and trust. Regulatory issues that the company could also face are compliance and governance issues. Based on the prospective business ethics and regulatory issues aforementioned, there