Submitted by: Submitted by gummiedelano
Views: 148
Words: 1096
Pages: 5
Category: Business and Industry
Date Submitted: 05/10/2014 05:01 PM
Social responsibility is an organization’s obligation to maximize the positive and minimize the negative impact on its shareholders. (Farrell O. 2009) Company Q has a commitment to its stakeholders. Primary stakeholders, like the community that it is involved in, provide necessary infrastructure for Company Q to build upon to stay in business. Company Q has broken its obligation to one of its primary stakeholders by neglecting one of the communities that it is represented in. Company Q seems to be worried about total revenue more than the involvement in the community.
Instead of addressing the issues that have surfaced in the stores that were losing money from theft, Company Q has impacted the community in a far more negative way by closing stores in high-theft areas instead of addressing all of the problems that those particular stores faced. By closing these select stores, this has caused a loss of jobs and revenue in the community. Another negative impact to Company Q’s social responsibility is refusing to donate their day old food to a food bank or non-profit organization. This shows that Company Q is more focused on internal and external theft instead of focusing on their community values. Company Q has shown its community that it is more worried about the loss in revenues than helping one of their primary stakeholders.
Primary stakeholders association to a business is absolutely necessary for a firm’s survival. (Farrell O. 2009) Company Q did make a move in the positive direction by listening to its customer base and taking their recommendation to offer a limited amount of health-conscience and organic products. Although it seems that Company Q did this in good faith of their community, Company Q has limited its selection of health foods to a limited amount of high margin items only. In order for Company Q to change its attitude towards social responsibility, I am recommending that it take the following actions.
For Company Q to start turning its...