Premium Essay

Wgu - Est1 - Task 1

In: Business and Management

Submitted By AnneJaymes
Words 1316
Pages 6
Western Governors University
Student: Anne Jaymes
Student ID: 000320202
Course: EST1
Task: 1 (310.2.1-05)

Social Responsibility

Jaymes
Page -2-

Part A: Evaluate Company Q’s Attitude Toward Social Responsibility

“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.”

Evaluation of Company Q:

Businesses are in business to make a profit. Businesses that are in business to make a profit with a total disregard for all else, is capitalism at its worst. A company who habitually relies on or exploits others and gives nothing in return, is a parasitic company. In order for companies to positively co-exist with their stakeholders, they must work to minimize the negative impact their business has on them. It was not against any business law, for Company Q, to close two stores that were located in higher crime-rate areas of the city that were consistently losing money. Some would profess this was a more responsible decision than allowing the entire company to go bankrupt. I would argue that complete disconnects with their primary and secondary stakeholders to include; their customers, employees, and members of the community, indicates they are morally, ethically and socially bankrupt.
A disconnect with your employees, customers and the…...

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...WGU EST1 Task 1 There are many challenges that face every business whether they are large or small but one thing all businesses have in common is that they all seek profitability. However, a business’s primary goal should not only include maximizing profits, but also have positive social integrity. Being both profit-oriented and socially responsible can make beneficial impacts to the stakeholders, communities, customers and staff while also making substantial earnings. Evaluation of Social Responsibility Company Q, a small metropolitan grocery store, has faced several challenges. Their actions towards making necessary changes exhibit their substandard view that companies should not have towards social responsibility. Recently, Company Q made a decision to close down two of their stores due to high-crime-rates in the area and also lack of profits. With Company Q being a small business in a high-crime area they would need to find a way to not only survive, but also prosper; whether or not that is to invest in more security and be cautious of who could be a potential customer vs. being a threat. However, closing two stores due to being in a high-crime was not the only consequence that will hinder their terrible profit margin. Company Q’s lack of understanding of their customer’s and the community’s desires will impede the business as well, consequently hindering profits even more. Recommendations Company Q, after years of requests from customer, began to offer a...

Words: 577 - Pages: 3