Est1 Task 1

Social Responsibility Evaluation: Company Q The ability of a company to boost its positive effect on stakeholders while simultaneously lessening its negative effect is the meaning behind social responsibility. These stakeholders include not only shareholders in the company but employees, suppliers, consumers, competitors, and society itself. Not only can a company be socially responsible and create shareholder profits but doing so will actually further increase those profits. There are four areas that make up a companies outlook on social responsibility: economic, legal, ethical, and philanthropic. The economic level is where increasing profits for stakeholders takes place. Legal is making sure the company is operating within the laws and regulations of its country. The ethical component follows any standards and practices that guide a companies behavior. Lastly, the philanthropy of a company can be seen by duties performed not entirely for the benefit of the business alone but for society. These guidelines will be used to determine the current attitude of Company Q towards social responsibility. Company Q has recently closed two stores in elevated-crime parts of the city due to a consistent loss of revenue. Finally listening to customers, they started to carry a small amounts of high profit yielding organic products. As well as having opted to throw away day-old food instead of donate to a food bank because they worry employees may steal food meant for donation, thereby losing the company money. These situations make it clear that Company Q is focused solely on the economic aspect of social responsibility and their attitude is increasing revenue above all else. While making money is hugely important in any business venture it can not be the singular point with regards to social responsibility. Since the company closed two stores they may have left those communities with less options for purchasing groceries. One way to improve the companies attitude would be to...