Businesses today face a plethora of ethical duties such as upholding corporate governance, maintaining stakeholder relationships, and presenting an image of social responsibility. In review of Company Q’s (Q) current ethics culture, its image in regards to social responsibility is not equivalent to that of its competitors. In a growing market faced with increasingly challenging competition, there are several areas that Q can and needs to address to bring the company to a level of social responsibility that exceeds stakeholder expectations. First, attention Q needs to address market demands for additional locations to better serve current customers and attract new customers. Next, Q needs to place focus on community involvement to enhance brand recognition and reputation. Lastly, product lines need to be evaluated to ensure Q is responding to customer demands and promoting healthy living.…
In establishing the budget the first determination that was made was the amount of money necessary for each of the designated areas of spending per month. This was determined by dividing the amount of money currently allotted annually by the months in the year (12) to determine if the budgeted amount was on or off target. The amount of expenditure in each category was also considered. For example, the annual budget for personnel is 250,000. If this number is divided by 12 months the amount of money allotted to spend for personnel during each month of the fiscal year is 20,833. The amount of money expended during the month of March was 20,000. (P. Slimmer, personal communication, November 17, 2011).…
Corporate social responsibility has become a topic of concern for many businesses. Businesses are striving to meet sales and profit goals, yet at the same time have a positive impact on society. The reason for this is that customers, investors, employees, government agencies, and communities are all influenced by business, yet they all have the ability to influence and impact businesses as well. A company’s reputation is at stake when it comes to being socially responsible, and many companies have developed a plan that ensures they are being socially responsible while still meeting their sales/profit goals. This paper will evaluate Company Q’s current policies and attitude and make recommendations to improve them towards social responsibility and in turn increase their bottom line.…
Under the theory that social responsibility helps determine if a company is successful, let’s examine Company Q’s attitude toward social responsibility. Company Q recently closed down a couple stores citing that these two stores have been consistently losing money. It must be noted; however, that both stores were also located in higher-crime-rate areas of the city, which may cause the community to speculate about the real reason the stores were closed. Could it have been the fear of the neighborhood itself that caused Company Q to decide to close those two stores? The closing of these two stores could suggest that Company Q is more interested in profits and revenue rather than providing a much needed service to the community. In addition, Company Q’s customers have been requesting health-conscience and organic products for several years and they have just recently started offering these products. This change of heart may appear to be a positive step for Company Q if it wasn’t for the fact that not only did it take years of requests from their customers but all of the health-conscience and organic items being offered are high margin items, again making it appear that Company Q is more interested in profits and revenues than doing right by their customers and…
The health care provider in this patient scenario is concerned that E.O. might have type 1-hypersensitivity. The patient has indications of this reaction as written in the provided patient history. Having an allergy to bee stings, and being a diagnosed asthma patient makes the Health care provider cautious in prescribing E.O. a course of penicillin, which is a broad spectrum antibiotic and a possible cause of human anaphylaxis as indicated in the textbox 10-1 (Copstead & Banasik, 2013). The bee sting allergy indicates that the patient has hypersensitivity and having asthma indicates the physiological mechanisms to a type 1 reaction. Type 1-hypersensitivity reactions…
Finally, if Company Q is to be socially responsible, it must not only be committed to making a profit, but also to the economic development of the community where it does business (Ravindran, N. 2008).…
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.…
The company’s current attitude toward social responsibility isn’t responsible at all. The fact that they are willing to allow food to be threw away that could be given to a food bank illustrates the company’s unethical approach to social responsibility. Placing profits above people isn’t socially responsible but is rather sociopathic and a microcosm of the larger problem that entails the current Capitalistic system that is used across the world. Company Q, is displaying a common capitalistic mind-frame that many companies engage in wherein they would rather focus on lost revenues than assisting the less fortunate. It’s troubling that the company wouldn’t donate day-old products to a food bank.…
I. This may be the best, or the worst, time to discuss social responsibility and ethics. These issues are all around us with in the last several years. Too many top-level mangers have made decisions that apparently were only in their own interests and not in the interests of stockholders, employees or the society at large. They did things that were, at best unethical, and at worst, clearly illegal. In doing so, they certainly did not act responsibly from any perspective.…
The first structured debate about the application of ethics principles to business decisions dates back to the 1960s (Sele, 2006). Anyway the notions of Corporate Social Responsibility developed in that period differ substantially from our modern perspective (Smith, 2001). As a matter of fact today academicians and practitioners recognize that business has an obligation to society that goes beyond obedience to the law when producing and distributing goods and services at a profit (Buchholz, 1991).…
In spite of the trend for organisations to adhere to corporate social responsibility, unethical behaviour remains a continual feature of the modern day workplace. Unethical behaviour is an important topic for consideration as suggested by Crane & Matten (2004, pp.13), whereby "business malpractices have the potential to inflict enormous harm on individuals, on communities and on the environment". This essay analyses the foundation for the continued occurrence of ethical infractions within the organisation and how these occurrences can be understood and countered by management. The essay will also incorporate a discussion on organisational rhetoric and corporate responsibility within the workplace. To understand the true meaning of corporate responsibility, there must first be an understanding of how organisations incorporate ethical behaviour throughout all levels.…
This report is focusing on the analysis of Corporate Social Responsibility policies, business ethics and their impact on business practice and key stake holders of NESTLE.…
In today’s world economy there are many companies who claim that their morals and ethics are strong enough so as to guide the entire organisation and the nation as well.…
Title Assignment topic 1) What are your preferred definitions of business ethics and social responsibility Why have you chosen these definitions 2) What is one key issue in the area of business ethics and social responsibility that is relevant, currently, to your organisation and your industry (You need to explain the issue and show its relevance to your organisation/industry) 3) What strategies could your organisation adopt to address this issue (You need to explain these fully) Word count Words Executive Summary There have been drastic changes today that have and continue to influence business ethics. However, organizations are lagging behind these changes or simply ignoring business ethics all together. Recent companies have failed to practice business ethics and social responsibility as their primary aim remains on making profits. The issue is that in fact, management have been blindsided by their need to make monies under whatever circumstances necessary which usually constitutes for foregoing ethical practices. The most credible of organisations and employees have indeed professional integrity and have been reliant on a code of ethics for the organizations principles and standards of practice. The plight of society continues to surround business ethics and corporate social responsibility which is yet to surface most organisations. The subject of Business Ethics and Social Responsibility introduces current issues experienced in organizations and provides guided analysis to enable a better understanding and appreciation of these issues. Illustrations of consequent economic costs having failed to practice ethical behaviors and social responsibility by the organization and individuals within have been provided also. Presented in this paper, with the aid of an example organization- Marpol Distribution Limited a family owned and operated Hardware and Auto supplies wholesale distribution company, are a wide array of ethical issues recognized within its…
The final trimester of my stay in the University of San Carlos as a student of the Executive Masters in Business Administration (EMBA) program gave a lot of insights and open new perspectives on the way I look things and on the manner I perceive life. It validated the adage: No Man is an Island. Hence, the title of my final requirement in EMBA 213.…