Task One
EST1 Task One
While evaluating Company Q’s attitude toward social responsibility it seems they made some decisions based on the severe lack of revenue over a period time, which motivated them to close a couple of stores. Those stores, which were located in a major metropolitan area, were also characterized as high-crime areas. By closing those stores, it no doubt had a negative economic impact both directly and indirectly on the people in those store locations. For the now unemployed people they will have to look for another source of income and benefits. The community members that relied on those stores for groceries, will now have to travel to another store possibly at a longer distance and will have to commit more time and money.
Company Q also listened to years of requests from its consumers to offer better options for the health-conscience consumers. The product selections were limited and were known as high margin items, which means they are more expensive to produce and the company won’t sell as many. There is usually is very little competition with these products and so they can afford to hold on their inventory for more time.
When the local food bank asked to give day-old product, Company Q opted to get rid of the food because they were worried about being swindled by their employees. The company perhaps has seen poor choices and conduct from their employees which may have led to deciding it was best to dispose of the food rather than deal with the possibility of fraud. Company Q doesn’t trust it workers to make good choice’s with their resources
I recommend three steps to help increase
While evaluating Company Q’s attitude toward social responsibility it seems they made some decisions based on the severe lack of revenue over a period time, which motivated them to close a couple of stores. Those stores, which were located in a major metropolitan area, were also characterized as high-crime areas. By closing those stores, it no doubt had a negative economic impact both directly and indirectly on the people in those store locations. For the now unemployed people they will have to look for another source of income and benefits. The community members that relied on those stores for groceries, will now have to travel to another store possibly at a longer distance and will have to commit more time and money.
Company Q also listened to years of requests from its consumers to offer better options for the health-conscience consumers. The product selections were limited and were known as high margin items, which means they are more expensive to produce and the company won’t sell as many. There is usually is very little competition with these products and so they can afford to hold on their inventory for more time.
When the local food bank asked to give day-old product, Company Q opted to get rid of the food because they were worried about being swindled by their employees. The company perhaps has seen poor choices and conduct from their employees which may have led to deciding it was best to dispose of the food rather than deal with the possibility of fraud. Company Q doesn’t trust it workers to make good choice’s with their resources
I recommend three steps to help increase