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Business Entities Ethical Socially Responsibility

In: Business and Management

Submitted By robin8to10
Words 1332
Pages 6
People are under the belief system that companies have an obligation to be socially responsible and ethical in its dealings with neighborhoods, communities, cities, states and even the world. I believe that not only is this the right thing to do, it will also have a positive effect on the company, its public branding and reputation, and may even thwart off negative publicity. Companies can search out ways show their social responsibility through community support, such as outreach and donations. When a company does something that is perceived to be socially irresponsible it can be bad for business, such as in the case of Company Q declining to give day old food to the area food bank. This paper will evaluate Company Q’s attitude toward societal responsibility and recommend three areas of improvement.
Company Q, in my opinion, showed a lack commitment to social responsibility by not supporting the local area food bank. Situated in major metropolitan city, I believe their success came from the support of the people of the community and therefore obligates them to give back to that community. In addition it showed a major lack of consideration by insinuating possible fraud and theft from their employees. This unethical attitude displayed by Company Q now evidenced by its poor employee relations, is in trouble of a possibly poorer reputation with its customers, one that may not be profitable for business. If they are to improve their attitude toward social responsibility, I recommend the following three areas of improvement:
1. Ethical practices in their operations
2. Ethical treatment of employees
3. Community outreach and involvement (particularly with the food bank)
Ethical Practices in Operations. Company Q closed stores in higher crime areas reportedly due to loss of revenues. There has been a wave of company exodus form the areas that support them.ojcdm...

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