EST1 Task 1 Western Governors University A: Evaluation of Company Q Social responsibility is a vital part any business or organization. Company Q does not display social responsibility as an important part of their company. Social responsibility shows the attitude actions and activities of a business which contributes a major impact on the image of that business. Company Q is a small local grocery store located in a major metropolitan area. This local area has a food bank that has requested
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Task 1: Ethical Situations in Business Assessment Code: EST1 Student Name: Student ID: Date: Task A Peter Drucker once wrote (n.d.), “profits for a company is like oxygen for a person. If you don’t have enough of it, you’re out of the game. But if you think your life is about breathing, you’re really missing something”. What Drucker meant is it’s not all about the almighty dollar; today’s businesses are expected to participate in corporate citizenship to fulfill its responsibility
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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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EST1: Competency 310.2.1 Company Q Ethical Response Essay Western Governors University - Missouri Company Q's problems are multifaceted in that they are not taking the opportunity to participate in a program that gives back to the communities in which they operate, but also passing on the opportunity to instill in their employees a sense of greater achievement, overall accountability, and pride in their chosen profession. When a business closes, it typically means that there was not
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EST1 – Overview of Task Instructions I. Task 1 - Social responsibility of Company Q a. Part A - Evaluate Company Q’s current attitude toward social responsibility. i. Are Q’s actions (as described in the given statement) socially responsible? Why or why not? ii. Why is it important for Q to be socially responsible? b. Part B - Recommend three actions that Company Q could take to improve the company’s attitude
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EST1 Task 1 Kara Kinikini Student ID: 265037 Business Management Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth. Company Q is a small local grocery store chain located in a major metropolitan area. They have recently closed a couple of stores
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Task Number # EST1 Part 2 Revised Ethics Program for new management company known as “Company “for this report. Ethics Statement: At this company, we must recognize the importance of ethics as a business. We are committed to upholding high ethical standards in our operations. Our company shall promote the principles of honesty, fairness, and respect for individual and community freedoms. Our program consists of the following 1. Code of Ethics 2. Training
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1 A. Acceptable Standards and Procedures 1. Honesty is key. Here at Company X, we hold our employees to high standard. Employees are expected to always be trustworthy assets to the company. This policy is very self-explanatory. From intrapersonal experiences to sales reports we believe in being a company that can put its total faith in its employees. Through honest communication, both you and our company can reap the benefits of a high character work environment. 2. Loyalty to
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“As consumers' awareness about global social issues continues to grow, so does the importance these customers place on corporate social responsibility when choosing where to shop” (Taylor, 2015. #1). In years past, companies were first and foremost money making entities with the majority of policies focusing on the shareholders making profits. Social media and ease of access to public documents via the internet has given consumers more information than ever before. When a stakeholder, namely a
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While customers are the backbone of any business, small businesses turn away from social responsibility while they struggle to make a profit. Company Q, a small grocery store chain is no different. They have stores located in a major metropolitan area, which is good for business. However, until recently a couple of their stores were situated in high crime areas. With Company Q already operating on small profit margins, the risk associated with high crime areas make it difficult to sustain the business
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