Ethical Issues in Business
Lisa B. Luckenbach
Western Governors University
ETHICAL ISSUES IN BUSINESS 2
Company Q is a small local grocery store chain that has a poor attitude toward social responsibility. After reviewing the given, I feel the chain is more committed to profit than social responsibility. Most companies are in a business to make a profit, however, the difference in what is considered reasonable and what is considered ridiculous comes into play. Most people start companies because it something they are interested in and to make a living. In today’s society the line between outright social responsibility neglect and compliance is clearly drawn, Company Q clearly did not cross over the line into being socially responsible.
There are a few reasons that I feel Company Q is concerned more with profit than social responsibility. The first is the closing of a couple of stores. The given states Company Q closed these stores due to revenue loss; however, it also states the store was in a high-crime-rate area of the city. By using the little information in the given I would assume that the store was closed more because of the climate of the area and not the loss of revenue. If it was in fact due to the climate of the area, then poor research was done when the store was built there. By closing these stores Company Q was more concerned with profit than social responsibility because now they have laid off employees, which may create a higher crime rate. They may have also left a building vacant, if this was already in a challenged area of the city a vacant building may turn into a liability.
The second reason I feel Company Q is more concerned with profit than social responsibility is refusing to donate day-old products to the local food bank. They chose to instead throw it away due to worries over lost revenue. Wow, talk about...