EST1 Task 1

Topics: Social responsibility, Grocery store, Corporate social responsibility Pages: 2 (849 words) Published: November 21, 2013
The idea that businesses should be socially responsible and demonstrate ethical practices in their operations has been present for many years. Social Responsibility within an organization should not be focused solely on maximizing profits, but rather on developing a business that has positive involvement in the community. Businesses will generally attempt to improve shareholder wealth while at the same time having a positive impact on the community. In this particular case, Company Q is partially demonstrating social responsibility in its business practices. Being a small grocery store in a major metropolitan area and losing money would put even a large grocery store at risk, not just for the company themselves, but for their stakeholders as well. The loss of profits would not show social responsibility as the company would likely not be able to remain open. Staying open could have caused an even bigger problem if it caused Company Q to file bankruptcy and shutdown completely. Listening to a customer’s perspective plays yet another role in social responsibility since the customer is considered a stakeholder in the company. Offering a small supply of health conscience and organic products was what the customers wanted the store to do. Depending on the types of organic products being offered, it could have also helped out local growers’ business. Determining what to do with leftover food is never an easy decision to make, especially when it is well known that there are less fortunate people in this world that would willingly take any leftovers. Company Q did not show social responsibility throwing the food away in fear it could cause lose profits from employee theft. A local food bank is just as important as a customer as they fall into the category of a secondary stake holder relating directly to the customer. Donating the food not only reflects a positively on Company Q, it is also a great reflection on its stakeholders, including the employees,...
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