Task 1 Part A Social Responsibility has become increasingly important in recent years. Many companies strive to do as much for their customers and the community they serve as possible. Although profits are important, socially responsible companies take more into account than just the bottom dollar. Company Q showed a great lack of social responsibility in several different ways, leading consumers as well as stakeholders to assume that the company’s attitude toward social responsibility is that
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Introduction This manual sets forth the official compliance policies of Edward Jones. All individuals employed by or working at the firm are required to familiarize themselves with the content and review the manual at least annually. While the manual addresses policies of a compliance nature, individuals are expected to conform to the laws, rules and regulations of the industry and their particular jurisdiction regardless of whether they are covered in this manual. Standards of fairness and
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Social Responsibility is a concept that lends the idea to companies and corporations that they should have practices and act upon things that have a positive outcome or repercussion is society, rather than be solely focused on maximizing profits (Investopedia, 2015). Company Q is facing an ethical dilemma by not wanting to donate left over food, specifically the higher-priced health foods, to food shelters because they believe their employees may lie about donating it. Company Q is demonstrating
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At Company X, it is our upmost desire to comply with rules and laws pertaining to our business, and to hold our values at a spectacular level. Our company values include responsibility, equality, honesty, confidentiality, respect, and integrity. These values are the building block of our company, and should be followed by all employees, management, and any persons associated with our business. By adhering to the code of conduct, our work environment will be comfortable and reliable, and will help
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Company Q as a small company in a large metropolis seems at this point focused more on attempting to regain profit and sustainability versus social responsibility. This seems more apparent in that they closed stores in high crime areas because of financial loss versus evaluating the local demand and perhaps changing their business model to be a more conducive fit for the local area. They also have issue with believing that their employee base would be more inclined to deceive the company and steal
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EST1 Task#310.2.1-05 Businesses in today's society have multiple areas that they need to pay attention to in order to be successful. Of course profits are important, without them a business will not be successful, but there are other areas that need attention as well. One such area is social responsibility. Social responsibility can be defined as, "The obligation of an organization's management towards the welfare and interests of the society in which it operates." (BusinessDictionary.com,
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Social Responsibility is the company’s obligation to maximize its positive impact on Stakeholders and it minimize its negative impact (Ferrell, Fraedrich & Ferrell, 2008). Stakeholders of a company are the employees, customers, investors, shareholders, and communities. (Ferrell, Fraedrich & Ferrell, 2008). Company Q lacks social responsibility because they are ignoring the benefits of its Stakeholders. For example Company Q shouldn’t have abandoned the high crime areas because that left it’s employee’s
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Part A Company Q does not currently have a positive attitude toward social responsibility. They recently closed several stores in higher crime areas. This has eliminated job positions that were held by residents of the area and taken away revenue from the community itself. This is not being socially responsible. The company just started offering a limited selection of health and organic foods despite that the demand from customers has been there for years. They have also made the decision
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Social Responsibility and Company Q Abstract Business have a substantial responsibility to the communities in which they operate. Ethical decisions about community service and dedication fall on every business owner and its associates every bit as much as individual citizens. Ignoring issues facing a neighborhood is folly and causes companies to miss many opportunities to establish relationships, network and grow. This subject has gained an incredible audience in recent years and continues
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Company Q’s decision to shut down two of its stores in an area that is high in crime is within its rights as a business without regard to social responsibility. One of the first steps in social responsibility is ensuring profits to the stakeholders. The stores has been consistently losing money in a higher crime rate area. In a higher crime rate area, losing profits is not the only concern. Besides monetary value, the stores must consider human value. Petty crime and an overall general threat
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