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Est 1 Task 1

In: Business and Management

Submitted By plab
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In today’s business world social responsibility is a very important piece to success. A company needs to make profits of course, but providing a good value product, secure employment, and giving back to the community that supports them, are all key to a successful venture. The perception of the public needs to be positive in order for a company to gain their trust and support. In this situation, it is clear by the poor choice to throw out the food rather than donate it to the local food bank, that company Q clearly has absolutely no social responsibility at all. Once news of their lousy decision spreads they will lose whatever community support they may have had. It appears that company Q is motivated purely by greed, without any social conscious nor trust of their employees. Whether it is from lack of knowledge, plain cold heartedness, or both, it will weigh heavy on their companies future. Lack of community involvement, irresponsibility, and pure disregard for building relationships will be looked upon very negatively and damage not only customer relations but shareholder relations as well.
While there are a lot of competition and challenges for small business in today’s economic world, there are also a lot of opportunities to stand out by giving back to the community which in turn will provide a positive environment.
Part B: Company Q needs to go back to the drawing board and create a strong code of ethics that outlines provisions for social responsibility. Putting together a powerful, educated, experienced committee that has knowledge about ethics, can put together the guidelines for the company’s ethics and social responsibility. Once they have a good code, they need to implement it immediately to help with damage control.
They also need to reevaluate locations and be sure to do a market analysis of each area. This will familiarize them with...

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