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Submitted By KKinikini01
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EST1 Task 1
Kara Kinikini
Student ID: 265037
Business Management

Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.

Company Q is a small local grocery store chain located in a major metropolitan area. They have recently closed a couple of stores in higher-crime-rate areas of the city, reportedly because these two stores were consistently losing money. After years of requests from customers, all of their stores have started offering a very limited amount of health-conscience and organic products—all of which were high margin items. When asked by the area’s food bank for donation of day-old products, management declined deciding instead to throw the food away, citing worries over lost revenues due to possible fraud and stealing by employees who might say they are donating the food.

Company Q's current decision to close stores in "Higher-crime-rate" areas of the city, was not a good exapmle of the social responsibility. The concept of social responsiility encompasses the actions, activities and attitudes of business and the impact a business has on its community. Closing those stores did not leave a possibive impact on the community, and other actions should have been taken to miminize negative impacts the community may have been impacting to the stores before they were closed. The communities of the stores that were closed are highly impacted by their closure because many likely shopped at those stores frequently, and possibly those were the only stores those people in those communities were able to easily access for their regular shopping. Closing the stores went against several attributes of Social

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