Est Task1

Company Q is a small grocery chain that provides an important service to both their shareholders and society as a whole. They provide a service to consumers in the form of food with low cost and quality while to their shareholders they promise a certain level of profit that must be met and sometimes even exceeded. Given the following three statements; Company Q closes a pair of stores in a high crime area due to loss of money, Company Q also started carrying a small selection of natural products after years of requests but at a high profit margin and finally Company Q refuses to donate to the local Food Bank for fear of employees lying and cheating to steal food product. With incorporating a few different business and social practices Company Q can increase profit for their shareholders while providing a better service to consumers and society. Those practices include meeting the philanthropic, ethical, legal and economic expectations placed on them by their shareholders.

Company Q recently shut down a pair of stores in a high crime area due to the stores losing money, more than likely due to theft from both consumers and employees. While the stores closing would seem like a smart move to keep the company from losing money in actuality the pros of remaining open outweigh the cons of closing. This affects both the ethical and economic expectations of social responsibility. Ethically, the store could adopt other behaviors that would decrease theft such as using security cameras, locked display cases for the higher end products and even using undercover loss prevention officers to watch out for potential shop lifters. On the employee side, Company Q could adopt better ethical training to promote positive behaviors. For the economic viewpoint for shareholders, closing the stores means losing all the profit from the items that are not stolen which would otherwise, if the stores remain open, would only be at a significantly smaller risk of theft if the above practices...