WGU EST1 Task 1 There are many challenges that face every business whether they are large or small but one thing all businesses have in common is that they all seek profitability. However, a business’s primary goal should not only include maximizing profits, but also have positive social integrity. Being both profit-oriented and socially responsible can make beneficial impacts to the stakeholders, communities, customers and staff while also making substantial earnings. Evaluation of Social
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Ethical Issues in Business Dxxxxxx Student ID: 000XXXXX WGU 04/22/13 ETHICAL ISSUES IN BUSINESS 2 Abstract This paper examines social responsibility issues within Company Q and offers ideas for areas of improvement. ETHICAL ISSUES IN BUSINESS 3 Corporate social responsibility is a double edged sward. On one edge is the corporation’s social responsibility to its shareholders, employees and suppliers to avoid business activities
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Richey WGU Student Objective 310.2.1-05: Ethical Issues in Business A local business can grow successfully if proper care is taken regarding its public image and worth. Every misstep will be magnified and scrutinized within the community. When a business forgets it ethical duty to be socially responsible, it can lead to negative effects not only within the company, but also within the community it participates in. We will look at Company Q’s current attitude toward social responsibility and how
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Social Responsibility of Company Q Vincent Shank WGU University Social Responsibility of Company Q Company Q has a history of discounting the opinions of the communities in which they do business in favor of profits. While in the short term this seems to work for Company Q, eventually, there will be a tipping a point in which they have so alienated the community that they will not have a customer base in order to continue growing. Company Q’s current attitude toward its community is at
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evaluation and recommendation regarding social responsibility relates to the closing of two facilities, adding new products at the request of your customers, and your denial to donate day-old products to a local food bank. Keep in mind that social responsibility in business can be defined as “an organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impact.” In addition, “companies have an economic responsibility to be profitable so that they can provide
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Social Responsibility Social Responsibility Lori Spain WGU April 23, 2013 Social Responsibility Company X, is my client that I will be developing a social responsibility strategy for. Sustainability and social responsibility issues for 21st century businesses will be addressed domestically
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2-27 A. Identify and describe Reed’s responsibilities to detect Smith’s errors and fraud. Do not identify specific audit procedures. After his meeting with Smith Company’s new management and predecessor auditor, he is now made aware of possible fraud in the financial statements. With this knowledge, he is now responsible to take steps to identify the errors due to fraud in the financial statements. Initially, Reed and his audit team should assess the risks within Smith Company such as
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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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In 2012, HMV plc spent £25 million on social responsibility projects. In January 2013, HMV entered liquidation. With reference to HMV and/or other organisations that you know, to what extent is acting in a responsible manner important for sustained businesses success. (40 marks) Acting in a responsible manner will always be an important part of a business’s success, as it links into a business’s reputation which is ultimately how the customers and potential customers view the business before decided
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Management Planning Ava Thompson Hearvey MGT/230 October 23, 2012 The Planning function The first Wal-Mart opened in 1962 in Rogers, Arkansas. Wal-Mart has been dedicated to making a difference in the lives of their customers. This business is the result of Sam Walton’s visionary leadership, along with generations of acquaintances focused on helping customers while building the community, and saving money (Wal-Mart.com). This
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