EST1 Task 1: Company Q’s social responsibility is severely lacking. They need to be a little less worried about the profits and focus a little more on the customers and what they might need or want and as a result customer satisfaction will go up along with profits. As far company Q should be concerned, they need to find a way to reconnect to the community. Company Q is a small chain of stores that seems to be getting smaller instead of growing, there are a few ways they can change that well building
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1) Why do you think Starbucks has been so concerned with social responsibility in its overall corporate strategy? Starbuck is a known corporation local and international for their freshly brewed coffee and other products that are offered. Social responsibility helps the company image, to care about the community and the environment, these are positive stand points that define the company self portrait. It's important how you look on the outside, in the end it's all about sales. As mention in the
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probably make sound decisions and will not have many problems with their character being questioned. However, all too often, companies make decisions based on financial gain instead of humanities. As a company moves into other areas of the globe and creates a multinational presence, the number of people affected by its policies and regulations grows along with it. If the company is being operated with questionable ethical principles, it can create cultural issues within the organization. This is what
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fact. However, to say that the social responsibility of a business is just to make a profit is open to debate. In this essay, I will present an claim against the role of business in social responsibility and pose an argument for businesses role in social responsibility. The argument against the role of business in social responsibility is the main thesis of Milton Friedman. Milton Friedman’s view is that in a capitalist economy, there is one and only one responsibility of business to use its assets
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Felton Ethics Ethics refers to the fundamental principles of an individual or a group, where social responsibility is how business performs its activities to meet a wider obligation toward society and environment. Strategic planning is an essential step in the corporate world were senior management defines the organization’s direction, and decision making. “Ethical values and social responsibility serves an important role in the strategic planning process”(Abdullah p. 1, 2013). Stakeholders
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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
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profitability in a difficult economic time. However this is no excuse for the way they ignored their corporate responsibility to their consumers. This act shows that Barclays bank is very low in terms of ethical development. According to the books pyramid of corporate social responsibility they would be on the bottom. As their actions were motivated purely to meet their economic responsibilities by being profitable. It can be argued that they did what they needed to do in a tough economical time to meet
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Assessment code: EST1 Task 1 Company Q’s current attitude towards social responsibility is non-existent. They have closed stores in parts of the city with higher crime rates due to fear of theft and losses. Company Q offers a limited amount of healthy and organic products even though their customers have requested more options. Company Q has a mindset that inhibits an obligation to be socially responsible. They would rather throw food away than to donate it to help feed those that are hungry
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Mattel’s Motivations for Outsourcing Companies outsource for a variety of reasons. Most companies primarily outsource manufacturing, labor-intensive jobs to companies located in developing countries at a lower cost. If quality level is maintained, outsourcing can be a great value-added strategy. Through outsourcing, companies can achieve flexibility and are able to focus on their main business. Outsourcing may also enable companies to have access to resources and technology, which may be not have
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Neulijan (Julian) Kore MAN 4720 Prof. Ping Zhang Is the corporate social responsibility conflicting with Wal-Mart’s cost leadership strategy? Is Wal-Mart good for America? Before analyzing Wal-Mart’s corporate strategy, it is important to identify what business it is in. For example, Wal-Mart is in the business of selling consumer goods such as TV’s, sheets, clothes, then it is pursuing a concentric strategy by entering in the food business. However, this changes depending on how you
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