...Company Q’s recent decisions that directly affect areas of social responsibility appear to indicate that their upper management has instituted policies that are in direct opposition to what a customer-centric company would want. Their Decision to finally carry more healthy and/or organic products is one that should have been made years ago even without the continuing requests of their loyal customers. As a responsible corporate citizen they should try to offer products that will promote the health, happiness and wellbeing of their customers. The fact that their customers have been requesting these products for years only makes this ethical lapse worse. While Company Q shows they can take a step in the right direction by adding health conscious products to their inventory, their choice of products shows they are doing it for the wrong reasons. Rather than pick items that promote healthy living and are reasonably priced so as to be within the budget of most households, they have systematically chosen products with the highest margins that will net them the most profits. This decision implies that their motives are not to help their customers live happier, healthier lives but instead to cash in on their desires to provide better overall life quality for their children and other family members. How is it that a corporation whose continued existence is dependent on repeat business can’t see that having healthy customers who live longer will only increase their total revenue...
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...COMPANY Q: A DISCUSSION ON SOCIAL RESPONSIBILITY 1 COMPANY Q: A DISCUSSION ON SOCIAL RESPONSIBILITY Objective 310.2.1-05 COMPANY Q: A DISCUSSION ON SOCIAL RESPONSIBILITY 2 Overview of Business Ethics When considering a company’s responsibilities, it is easy to define responsibilities to owners, shareholders, and investors. Most businesses start up in order to make money. Being profitable is one of the fundamental responsibilities of a business. According to Dr. Milton Friedman (1970), profitability is a business’ first ethical responsibility. Customers, too, are an obvious area of responsibility of a business. Without customers, there is no income, and therefore no profit. So, it is also a responsibility of business to serve its customers, by providing them products or services of value. There are, however, other people also served by business whose interests are not so straightforward, others who have a stake in the success or failure of the business. These include employees, suppliers, and the community in which the business operates. For all of these stakeholders, the business has responsibilities beyond profit, including transparency, non-discrimination, and sustainability. Customers should be able to expect not only a valuable product or service, but also a safe and reliable one. They should also expect that the service rendered is non-discriminational, i.e. priced and provided to all potential customers on an even playing field regardless of race, religion, color...
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...Company Q Evaluation: According to College of Business of Guidelines Western Governors University Abstract This is paper is evaluation of Company Q’s current attitude towards social responsibility. Three detailed recommended actions are given that can improve Company Q’s action toward social responsibility. Evaluation According to the International Organization for Standardization, “Business and organizations do not operate in a vacuum. Their relationship to the society and environment in which they operate is a critical factor in their ability to continue to operate effectively.” (Online Browsing Platform (OBP), 2014) Closing stores in a higher crime rate areas is only counter-productive for the company and the community it serves. In order for these hard hit areas to once again flourished, businesses and organizations need to hold firm and weather the storm. Effectively responding to consumer requests is very minimal at best. When Company Q does choose to respond supply is never matched with demand. Ineffective management practices have led to a disconnect within the communities they serve. Selling high margin requested items eventually leads to poor customer satisfaction. Company Q has no loyalty or trust with its own employees. This self-defeating behavior will only lead to more underperforming stores. Recommendations Senior management should develop a sound code of ethics. The code of ethics needs to be unique to your business. Find out what approaches similar...
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...PART 1 Company Allocation Ticker symbol | Company | | GICS Sector | GICS Sub Industry | Address of Headquarters | | BEN | Franklin Resources | | Financials | Diversified Financial Services | San Mateo, California | | FCX | Freeport-McMoran Cp & Gld | | Materials | Diversified Metals & Mining | Phoenix, Arizona | | The cost of capital of the aforementioned companies will be discussed in the following questions. The companies will be referred to by their Ticker Symbols henceforth. Question 1 BEN The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities and Exchange Commission (2013) provided the company filings data whereby BEN’s Form 10q, dated 29/07/2013, showed the following (included on page 2 of this report). The book value of long-term debt is $1,252.1 million, and the book value of equity is $10,402.3 million. The schedule of outstanding debt shows that this figure includes $54.5 million of FHLB advances and $1197.6 million of Senior Notes at various effective interest rates. The notes on Stockholders Equity and Non- Redeemable Non-Controlling Interests reveal that Franklin Resources Inc Stockholders Equity totals $9779.8 million whilst the Non- Redeemable Non-Controlling Interests (previously referred to as minority interests) totals $622.5 million. FCX The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities...
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...Company Q - A Company without a clue Part 1: An evaluation Company Q, a small local grocer, appears to be a company operating with a total lack of understanding of social responsibility. By closing stores in certain neighborhoods, ignoring customer demands for items and only offering a limited selection of in demand items, and by throwing away food that could otherwise be donated, Company Q shows a lack of dedication and compassion to their community, indifference to the wants of their customers, and a lack of responsibility to their employees and stakeholders. Part 2: Recommendations There are a number of things that Company Q can do to increase their social responsibility to the community that they serve, their employees, and stakeholders. First, Company Q can operate different types of stores in the different neighborhoods they serve. In lower-income areas stores can be operated as smaller neighborhood markets that offer fewer services and sell essential grocery items. Stores in middle-income, working class areas can be larger supermarkets that offer more services, and sell a mix of essential grocery items and specialty health and organic items. Higher-income areas can have stores that offer the same services as the general supermarkets, but offer a wider variety of specialty health and organic items along with imported and other high-end products. By diversifying the types of stores it operates, Company Q can respond to customer demands and expand its offering...
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...Company Q – Social Responsibility By David Clemmons Evaluation Being that Company Q is a smaller, local grocery store operating in a major metropolitan area, the demand to be innovative in ways that will allow them to grow is more significant than the current operating model. Current perceptions don’t allow companies competing in local markets to simply be in business for the sake of making a profit. Now, more than ever, smaller businesses hoping to succeed must constantly shift their business models to compete with that of larger companies. The smaller companies need to understand that being a part of the local society is an intrinsic part of doing business. Participation and community activism that supports the community is a crucial part of any small business’ growth and success. Company Q’s current position paints a different picture. While the public may rely on companies for goods and services, the level of competition in smaller local markets allows customers to make decisions based on many factors, including, and not surprisingly, how much good a local company is supporting the community outside of it’s establishment. Are they supporting locals schools, contributing to fundraisers, allowing local clubs to hang advertising in their establishments, even when it’s doesn’t promote the profitability Company Q? By not doing so, Company Q isn’t being socially responsible. They’re exhibiting a lack of desire to be proactively involved in the community, which...
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...for a company to maximize positive benefits and minimize negative effects to their stakeholders. Company Q’s lack of concern towards their primary and secondary stakeholder’s interests highlights their disregard, intentional or not, of social responsibility and the resulting negative effects it creates. Company Q demonstrated this social responsibility neglect to their primary shareholders by delaying their customers’ desire for organic, healthier options and by implying mistrust of their employees. Social responsibility advises regular attunement to stakeholders concerns as a means of keeping in touch with them, a form of open communication. It took three years of customer requests to implement the addition of organic food to Company Q’s inventory. A modest turn-around time is understandable as not all stakeholder desires are achievable. This request, was obviously achievable based on the eventual presence of organic goods, however it was ignored for a lengthy time; this does not demonstrate an attitude of social responsibility from Company Q. A company’s social responsibility also pertains to another primary stakeholder, their employees. Employees are considered stakeholders due to their concern over their employer’s wellbeing: it’s a symbiotic relationship. Company Q’s distrust of their employees, citing internal theft, as a reason to opt out of food donation to the local food bank, does not portray a beneficial attitude towards them. Employees keep the company operating...
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...Company Q is a small business that has concern about losing profits mostly due to the recent closing of two grocery stores. A local food bank has asked them to donate day old perishable goods, however, management declines. Company Q is openly demonstrating to the community that they are socially irresponsible which could in turn result in losing local business. There is not an ethical reason to be against assisting the food bank since this is day old product that they are not likely to sell. The food store can still save their reputation, customers and potential partnerships if they consider to put in place a code of ethics, provide proper training of employees to follow through on those ethics, and monitor the new codes effectiveness....
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...Company Q and Social Responsibility Company Q does not have a good attitude toward social responsibility. They had to close two stores that were not making any money due to the crime rate in the area the stores were located. Due to a lack of trust with employees the company has decided to refuse donations to the local food bank. Both of these situations have the potential to spiral out of control causing a loss of profit for the company and have a negative impact on the stakeholders. A lack of trust between company and employees could cause this store to suffer increased theft, because the employees know they lack the respect of the company. This may cause them to either turn a blind eye to theft, or steal themselves. In regards to the food banks request, donating locally would be a great way to bond with the community. More people will consider shopping at a store that is giving back to the community. My first recommendation would be for Company Q to start a Product-of-the-month program. They could choose to feature a different item every month and monitor sales on that item. This would lower the risk of ordering a large amount of something that will not sell well. If they only order a small amount and feature it in the store for a month, then they would know if it would be a good item to continue to carry in the store. This would be a good way to find out what customers like without spending a lot of money. It would be wise for them to advertise in their store that they...
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...apparent as their international tactics change. Despite the challenges Lowe’s should expand further to become an even bigger player both nationally and globally. Global Competition’s Impact on Lowes In 2009, Lowes had 1,710 stores found throughout Canada and United States, 16 of these found outside the United States, with three stores in Mexico that opened in 2010, allowing for their exposure to bring them to a new level of sales internationally. (“Lowes Companies”, 2012) After much research it is found five competitors could impact Lowes, the #2 home improvement dealer in the world (Racine, 2012), but on different levels. The first competition is the main competition of Lowes, Home Depot, #1 in the world since 2005, (“Lowes Companies”, 2012) is expanding its sales by bringing in more Hispanics to get the attraction they need from the Hispanic community. (Racine, 2012) Unlike, Lowes, Home Depot has 262 stores that are outside the United States, including locations in China, Canada, and Mexico. (“Lowes Companies”. 2012) The next two come from out of Australia, as of 2009, Lowes has decided to team up with one of Australia's largest retailers, Woolworth Ltd, in order to expand...
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...Invisible Hand Cheating and Punishment: Dealing with, and punishing companies who would price fix, during a natural disaster, or any time for that matter is a difficult task. The first task that would be needed to be completed would be to prove it, which can prove to be difficult with one company involved, let alone two large chains that are in a relatively stable market. The prices for certain goods that are sold by Lowes and the Home Depot tend to be relatively similar, and any discrepancies in price are usually made up by differences in the price of other goods. It is the nature of a market where only a few large chains dominate the market. The prisoner’s dilemma can be applied in this situation, where the Home Depot and Lowe’s could be in a position to set the market prices for their goods and go unchecked on the basis of a natural disaster and the inability to restock their goods in a timely manner to keep prices at normal levels. The manner in which these two companies could manipulate the prices could be deliberate, meaning both companies either colluded on the prices set or simply by accident. If someone were to raise concerns about price gouging during a natural disaster, Lowe’s and Home Depot may be able to hide behind power outages, flooding or other natural occurrences keeping supplies low, thereby raising prices, but will either company sell out their competition in hopes of saving face is the question. If they work together, they of course, can keep...
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...Experiment 7 – October 9, 2012 RLC Resonance Purpose Study resonance in a series resistor-inductor-capacitor (RLC) circuit by examining the current through the circuit as a function of the frequency of the applied voltage. Theory The amplitude of the AC current (I0) in series RLC circuit depends on the amplitude of the applied voltage (V0) and the impedance (Z). Where XL =ωL (inductive reactance), XC = 1/ωC (capacitave reactance), R (resistance), angular frequency ω = 2πf (f is linear frequency) and is the phase angle between the current (i) and voltage (v) pf the source. Impedance depends on frequency so the current varies with frequency. The current will be maximum when the circuit is driven at its resonance frequency, ωres = 2πfres = 1 / √LC. At resonance, XL = XC, Zmin = R, I0 = Imax = V0/ R, = 0. The current (i) and voltage (v) are in phase and Vr = V0. Three characteristics of resonance include: Vr reaches maximum value VRmax (at ω ≠ ωres VR < VRmax), the voltage v and voltage vR are in phase in which their peaks (V0 and Vr) are lined up, and the trace of vr and v in xy-plot is a straight line. Data Table 1 | R (Ω) | C (µF) | x2(s) | x3(s) | T (period)| x3 – x2| | fres (Hz) | fave.res (Hz) | Lave(mh) | 1 | 100 | 107.0 | .02859 | .04668 | .01809 | 55.2 | 55.2 | .00207 | | | | .02354 | .04162 | .01808 | 55.3 | | | | | | .02088 | .03896 | .01808 | 55.3 | | | 2 | 100 | 10.40 | .00332 | .00851 | .00519 | 192.6 | 192.3 | .00355...
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...* Read Luke chapter 5-9. * Video 4A - http://www.cuw.edu/videoserver/fullplayer.cfm?movieid=972 * Notebook Questions: Please submit your answers (4 to 6 sentences per question) in the 4.A drop box provided in the Unit 4 folder. * 4.A.1 As Jesus heals many in chapters 4 and 5, what effect does that have on the crowds and disciples? When reading these chapters, would one expect to see Jesus go to the cross in the end? * 4.A.2 Discuss the Sermon on the Plain, 6:20-49. What value does Jesus place upon poverty, hunger, and sorrow? What danger is there to prosperity, fullness, and joy? How does God work beyond a person's social or economic status? * 4.A.3 How do the verses 6:35-38 show a generosity to God's nature and a chance for us to share in that nature? * 4.A.4 Does 6:37 prohibit all judgment? William Barclay quotes an old saying: "There is so much bad in the best of us and so much good in the worst of us that it ill becomes any of us to find fault with the rest of us" (Barclay, Luke, 81). Is Barclay saying what v. 37 means? See also 6:39-42. * 4.A.5 What is the essential meaning of the good/bad tree comparison of 6:43-45? * You can't hide who you are; your true nature is going to come out. * You can't change who you are; just accept what you are. * You reveal more about yourself than you really should. * Another meaning? * Video 4B - http://www.cuw.edu/videoserver/fullplayer.cfm?movieid=973 ...
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...An Exegesis of Matthew An Exegesis of Matthew 5:1-12 Matthew 5:1-12, commonly known as the Beatitudes, has been loved by every generation since first pronounced by Christ two thousand years ago. Matthew writes this record of the life, ministry and teaching of Jesus, and he places this message soon after Jesus' baptism and calling of the disciples. The Beatitudes are the opening section of the Sermon on the Mount, the longest recorded teaching during Christ's lifetime. We will begin by looking at this section as it lays within the book of Matthew and then go to a more in-depth exegetical study. Literary Context The most popular approach to Matthew's structure is the presentation of five major discourses, each ending with a formula statement that is foreign to other Biblical discourses, placed in a framework of narrative[1] (Talbert 15). In fact, "the five discourses are so clearly marked, from a literary point of view, that it is well-nigh impossible to believe that Matthew did not plan them" (Carson 63). Each of these discourses brings forth a topic of central importance for both the gospel rendition of the historical Jesus and the later experience of the church (Batdorf 26). The narrative section leading to the first discourse, from Matthew 3:1 to 4:25, chronicles not simply the biography of a man preparing for ministry, but the establishment of Messianic history and authority. We come to an understanding of Matthew's first and foremost discourse, the Sermon on the Mount...
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