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Social Responsiblilty

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Submitted By giles1022
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Pages 3
EST1: Ethical Situations in business
Task 1
Social Responsibility

Currently Company Q does not seem to have a very good social responsibility. It seems as though they are more concerned with the bottom line and how it will affect the company rather than helping the community and the residents which shop in their stores. However with that said they are also in business for a reason: to make a profit and you cannot always cater to individuals when running a business.

With the closing of a couple stores in high-crime rate area Company Q in my opinion may have been somewhat discriminatory. Did they close the stores simply because of the area or were they actually losing profit & merchandise due to theft? One example in which they could have been socially responsible would have been not to close all of the stores in the high-crime area at once. By closing the stores in that area, they are making the customers travel further for groceries or possibly choose a different company to shop; a location which is closer to their location. Not only did this decision cost the company money, it also may have lost customers. By closing 1 store Company Q could have made upgrades to the security of the remaining store, taking measures to let it be known theft will not be tolerated and also making the customers feel safe while they do their shopping.

During the past few years we have witnessed a spike in healthier, organic foods being requested and purchased. As consumers we expect our stores to carry what we like to purchase. However in order for Company Q to carry these foods, there has to be an additional cost for them which will ultimately be passed on to the consumer. A socially responsible way to incorporate these items into your store and still keep your overhead under control; might be to carry only the organic items which have been proven sellers.

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