Submitted by: Submitted by lostcause911
Views: 163
Words: 726
Pages: 3
Category: Business and Industry
Date Submitted: 01/14/2015 03:05 PM
Part A
Social responsibility is crucial in having a successful and expanding business. When a person decides to spend their money at an establishment, there are variables that come to mind that influence their decision. Does the business have what I, as a consumer, need or want? Are the prices competitive with other similar companies? Some people may even ask themselves if the company has a positive or negative impact on the community. Given the information on Company Q, social responsibility does not seem as important as the immediate bottom line.
Consumers look for a place that is friendly, reliable and holds the products that they desire. Given that Company Q had taken years to fulfill an ongoing request for more health-conscience and organic products from a major stakeholder, the customer, proves that company Q is not making social responsibility a priority. Not heeding requests in a timely manner loses business, and decreases profits for the company. In addition it also gives the image that they are not concerned with the health or well-being of their customers because when they started stocking more health conscience food, it was in a very limited capacity.
The refusal to donate day-old food to the local food bank due to fear of losing revenue hurts the overall image and reputation of the company. It is Company Q’s social responsibility to help do whatever possible to help take care of the community that it depends on. Companies Q being worried that employees will steal the food, instead of donate it, shows a breakdown in corporate governance. If Company Q had a series of checks and balances, then fraud would not be an issue.
Employees need to be able to depend on their employer. Closing down a couple stores in the higher-crime-rate areas creates a negative reputation and puts people out of work. The community could view this in a negative light and refuse to shop at the existing stores. Company Q is not being conscience of the social...