Discussion Case: The Gap Inc.’s Social Responsibility Report 1. Do you think Gap has demonstrated global corporate citizenship, as defined in this chapter? Why or why not? Gap has demonstrated global corporate citizenship because they develop one of the most comprehensive factory- monitoring programs in the apparel industry. 2. In its response to problems in its contractor factories, do you think Gap moved through the stages of corporate citizenship presented in this chapter? Why or why not
Words: 278 - Pages: 2
opportunities to is potential candidates. In today’s job market, a company’s social responsibility has become come increasingly imperative. Much emphasis is put on how a company can demonstrates its concerns for the environment, human rights, community involvement, and ensuring that their employees are well taking care of in the United States and also overseas. In the eyes of consumers, prospective employees, and investors the company can display that it not only cares about increasing its profits, but
Words: 722 - Pages: 3
With the information provided, it is my evaluation that Company Q has a clear understanding of what social responsibility is; however, they have not been able to demonstrate a complete understanding based on their recent actions. Company Q has chosen to close a couple stores in higher-crime-rate areas of the city, reportedly because the two stores were consistently losing money. What we are unable to determine is why the stores are losing money. Although someone might assume it is because
Words: 769 - Pages: 4
Affiliation Date Companies are charged with quite a number of social responsibilities to ensure that they give back to society and maintain a symbiotic relationship with the society. Some of the company's obligation to the society is to make sure that they work towards reducing the company's direct impact on the environment. This involves responsibly managing all the waste and the consumption of the various natural resources by the company. In addition to that, companies are charged with the
Words: 315 - Pages: 2
“Business Ethics & Social Responsibilities” Part 1 – Introduction to Social Responsibilities and Business Ethics Focus point: • What is the meaning of “Business Ethics” & “Social Responsibilities”? • What kind of responsibilities do businesses have, towards their stakeholder? • Why are these important? Definitions: a) Social responsibilities … are duties that a business owes to those affected by its activities. b) Business ethics … is the influence of values and beliefs upon the
Words: 1813 - Pages: 8
Social Responsibly of Business Argument PHI 103: Informal Logic November 3, 2014 In Milton Friedman’s article, “The Social Responsibility of Business is to Increase its Profits”, published in The New York Time Magazine back in 1970 Friedman proposes the argument that a corporations social responsibility is to increase profits. “Milton Friedman’s article entitled The Social Responsibility of Business is to Increase its Profit is one of the most often used counter arguments
Words: 1255 - Pages: 6
Company Q is a small grocery chain that has a few local locations. Events in the past have led to the grocery company being deemed less than acceptable when it comes to social responsibility. Because a few of the store locations were reporting a loss in money the company decided it was in their best interest to close the locations, which were in high crime areas of the city. A local food bank recently requested that company Q donate their day-old products to help the needy, rather than throwing
Words: 744 - Pages: 3
Chapter 5 Social responsibility and Managerial Ethics WHAT IS SOCIAL RESPONISBILITY? Two views of social responsibility The classical View * The classical View says that management’s only social responsibility is to maximize profits. * Management’s only social responsibility is to maximize profits (create a financial return) by operating the business in the best interests of the stockholders (owners of the corporation). * Expanding the firm’s resources on doing “social good” unjustifiably
Words: 2035 - Pages: 9
"Ethics, Corporate Governance, and Corporate Social Responsibility (CSR) " Please respond to the following: From the e-Activity, determine the ethical theory or theories (from Chapter 1 of the textbook) that best support(s) the B-corp concept. Support your response. B Corp firms must have an explicit social or environmental mission and a legally binding fiduciary responsibility to take into account the interests of workers, the community and the environment as well as its shareholders. I think
Words: 357 - Pages: 2
become, a moral person. Part of the role of ethics in general is to help a person achieve a level of excellence; the character is more important than the action. I believe that ethical decision making and meeting social responsibilities would be almost effortless if the person running a company has good moral character to begin with. According to Locke (1991, p.291), a person’s values plays a direct role in their ability to make sound ethical business decisions; that if a person wasn’t pre-equipped with
Words: 886 - Pages: 4
