Company Q’s attempt to make logical day-to-day business decisions‚ they have created tension in the communities that they thrive in. With the intention of protecting the company and its assets‚ they have unintentionally created a imbalance of social responsibility within the company and community. Closing stores in major metropolitan area is a formula for disaster. These stores could have been where most foot traffic potential is located. That can lead to hight revenues. Company Q has shown that they
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safety and‚ increasingly‚ also for the natural environment (Ethics‚ 2013) Social responsibilities are an organization obligation to make decisions that will enhance the welfare and interest of society within legal and ethical constraints that extends beyond making a profit. Decisions made should not be unethical so that the reputation of the corporation is not jeopardized. Even though part of social responsibility is to increase profits by doing so organization have to stay within the rules
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Social Responsibility “Social responsibility is defined as an organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impact” (Ferrell‚ O.‚ & Fraedrich‚ J. (2010). Stakeholder Relationships‚ Social Responsibility‚ and Corporate Governance. In Business ethics: Ethical decision making and cases : 2009 update (7th ed.). Mason‚ OH: South-Western Cengage Learning). There are four main types of social responsibility which are economic‚ legal‚ ethical‚ and
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recent history‚ corporate social responsibility became one of the standards that companies are trying to achieve. According to Reference for business (ND)‚ corporate social responsibility (CSR) can be defined as "economic‚ legal‚ ethical‚ and discretionary expectations that society has of organizations at a given point in time". Moreover‚ there are several key principles of CSR that have importance to the stakeholders. Stakeholders can be defined as “individuals or groups how depend on the organisation
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Haste Student # 253741 EST1 - 310.2.1-05 Company Q and Social Responsibility Social responsibility is a key attribute for businesses in the market today. When consumers look to spend their disposable income‚ they look for businesses that not only offer the right product‚ at the right price‚ but that also offer great service. Great service can include anything from friendly employees to community involvement. That is where social responsibility becomes apparent in a company’s ethics and values. If
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Justin Simmons Corp Social Responsibility Looking back at the last three years there has only been one profitable quarter. It is too early to take on such a lucrative responsibility. It would be safer to wait two or three quarters to see exactly where we are financially and how much flexibility we have. Estimating that are next quarters are just like the last with a $2 million profit pre tax. The $500‚000 annual cost would be 6.25% of our total profits for the year. That is a low percentage but
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Personal Responsibility Essay Name GEN-200 Date Instructor Abstract It is not just a rare thing that I have demonstrated personal responsibility by making good use of ethical values and choosing the best available choices to lead my life whenever the opportunity presented its self. Somebody has to be an excellent time manager and attend college classes‚ so it may as well be me. I am going to ensure success in earning a Bachelor’s degree from the University of Phoenix by keeping focused
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Introduction Corporate social responsibility is a concept that has been around for decades. It emerged as an issue when law makers‚ stakeholders‚ and the general public began focusing on ethical and responsible corporate behavior‚ also referred to as “corporate citizenship” (Carroll‚ A.‚ 1998). According to Carroll (1998)‚ there are four facets of corporate citizenship. These facets are: 1) corporates fulfilling their economic responsibilities and be profitable‚ 2) corporates obeying the law
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act of altruism. The lineal denotation of altruism means the principle or practice of concern for the welfare of others. However‚ everyone has different point of view as they faced altruism and they tempted to call themselves as true of altruism without knowing the true standard. This idea is especially apparent when looking between the two nonfiction articles in Altruistic Behavior by Desmond Morris and Christmas at home by P.W. Alexander. Both pieces are base off the idea of altruism and how it can
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Understand how schools are organised in terms of roles and responsibilities. 2.1: Explain the strategic purpose of: a) School Governors b) Senior Management Teams c) Other Statutory Role- SENCO d) Teachers e) Support Staff 2.1 a) School Governors. The School Government is responsible for the conduct of the school and must promote high standards of educational achievement at the school. They provide a structured view of the school by having their own roles to keep an good eye on‚ e
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