This website uses cookies to ensure you have the best experience. Learn more

Est1 Company Q Essay

1320 words - 6 pages



COMPANY Q: A DISCUSSION ON SOCIAL RESPONSIBILITY 2 Overview of Business Ethics When considering a company’s responsibilities, it is easy to define responsibilities to owners, shareholders, and investors. Most businesses start up in order to make money. Being profitable is one of the fundamental responsibilities of a business. According to Dr. Milton Friedman (1970), profitability is a business’ first ethical responsibility. Customers, too, are an obvious area of responsibility of a business. Without customers, there is no income, and therefore no profit. So, it is ...view middle of the document...

In fact, communities at large can be affected by the success or failure and operation policies of a business. Businesses can have an effect on housing, environment, population, employment rates, and poverty.

COMPANY Q: A DISCUSSION ON SOCIAL RESPONSIBILITY 3 In turn, business itself is affected by the well-being of the host community. For example, if poverty and unemployment grip the host community, the business will lack customers who can pay. Thus, as the community thrives, so does the business. Evaluating Company Q’s Attitude toward Social Responsibility In the case of Company Q, we can see an example of a company meeting some of its ethical responsibilities while failing to meet others. In an effort to maintain profitability, Company Q has recently closed two stores in higher-crime-rate areas of the city because they were losing money, taking active steps to resolve company problems. We can also see Company Q making an effort to be responsive to customers requests by adding organic food to its inventory. In these actions, Company Q is meeting some of its ethical responsibilities. However, when asked by the community to donate day-old food to the area’s food banks, Company Q declined, citing concerns of possible fraud and stealing by employees. It seems that Company Q may not be fully aware of the symbiotic relationship between its local store and the community as a whole: a healthy community means a healthy store, and vice versa. First, while Company Q was trying to meet fiduciary needs by closing stores in “high-crime” areas, it may not have recognized how those closings may have affected the areas in which the stores closed. Often, high crime areas are also high poverty areas (Sampson and Wilson, 1995). The closing of the Company Q grocery stores may have deepened the financial hardship for residents of those areas, inadvertently contributing to increased poverty in a couple of ways. Company Q leaving the struggling communities could reduce competition, removing part of the incentive for the remaining stores in the area to keep prices low. Worse still, if Company Q was the last grocery store in the area, the cost of food is increased just in the requirement for community residents to travel further to obtain basic needs.

COMPANY Q: A DISCUSSION ON SOCIAL RESPONSIBILITY 4 Second, Company Q has opted to throw food away rather than donate it, citing concerns of fraud and theft. While Company Q has legitimate concerns, it seems that these concerns were not weighed against the needs of the community. If the choices are the food being donated or the food being destroyed, then it does not change Company Q’s profit on the items to donate them, and could instead, by so doing, benefit the community. Company Q is not considering whether the long-term benefits of a healthy community could outweigh their concerns associated with donation. Although Company Q’s business practices did not directly cause the problems faced by the community, Company...

Other Papers Like Est1 Company Q

Wgu Paper

902 words - 4 pages EST1 Task 1 (Ethical Situations in Business) Tuesday, July 21, 2015 Company Q is a small grocery store that faces multiple roadblocks that a bigger national chain does not normally face. These roadblocks may include things like brand recognition, disposable income, sales on their stock, advertising and the capability to help other stores that maybe facing poor sales. Being a smaller company they may operate with a different code of

Est1 Task 1 Essay

1238 words - 5 pages Deletha Wright EST1 - Task 1 (Revised) Philanthropy or Bust 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

Est Task1 - 310.2.1-05

753 words - 4 pages Western Governors University EST1: Task 310.2.1-05 Corporate social responsibility is when a company takes responsibility for the effects the company has on society and the environment. Company Q's current attitude toward social responsibility is pretty negative. They will have to work hard to create a higher level of social responsibility, which is not only beneficial for society but for them as well. Some of the irresponsible social

Freedom And Responsibility

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were

Hate Crime Laws

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Holidays In Albania

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are

A Heart Of Darkness

1748 words - 7 pages emphasizing the two images of Kurtz: a barbarous and savage man of an uncivilized society vs. refined gentlemen from civilized Europe. The manager of the ivory company in Africa is essentially the scoundrel of the plot. He is the dark force indirectly responsible for the corruption and decadence in the Congo. Setting is also relevant to the overall theme of the novel. As the plot opens up, Marlow begins to compare the Thames River to the Congo. He

The Aspects Of Vulnerability Among The Exploited In Medical Research

2287 words - 10 pages Essentially, everyone is in some state of vulnerability. However, some of us are more susceptible to harm due to our vulnerabilities. The susceptible are the individuals with the greatest risk. These individuals risk the loss of their autonomy, and maybe even their lives. Vulnerable populations can be found in every subset of society. However, as previously mentioned, there are some vulnerable populations that are at an even greater risk than

The Hitchhiker’S Guide To The Galaxy

1171 words - 5 pages The Hitchhiker’s Guide to the Galaxy As the human race makes life-changing discoveries, it is made apparent that there is always more to learn as the universe, instead of becoming familiar, is becoming absurd. The Hitchhiker’s Guide to the Galaxy, written by Douglas Adams, as well as the 2005 film adaption, portrays absurdity to be an all-encompassing system in the universe. Through the introduction and attempt to understand lack of reason, the

The Ford Motor Company Wage Increase Of 1914 And The Theory Of Incentives And Efficiency Wages

1252 words - 6 pages ‘It’s not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages’ (Henry Ford, cited in Johnson and Weinstein 2004, p. 2). When the Ford Motor Company announced that it would more than double the wages of its workers in January 1914 to a ‘five-dollar day’ minimum, was this a contradiction to Henry Ford’s statement? If customers are actually the ultimate payers of wages, then more than

Related Essays

Est1 Task 1 Essay

597 words - 3 pages 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

Est Task 1 Essay

596 words - 3 pages making substantial earnings. Evaluation of Social Responsibility Company Q, a small metropolitan grocery store, has faced several challenges. Their actions towards making necessary changes exhibit their substandard view that companies should not have towards social responsibility. Recently, Company Q made a decision to close down two of their stores due to high-crime-rates in the area and also lack of profits. With Company Q being a small

Est1 Task One Essay

593 words - 3 pages EST1 TASK ONE JLO Part A Company Q is not currently behaving in a positive manner when it comes to social responsibility; in fact, they seem to take an “I don’t care” attitude. They have closed several stores in big metropolitan cities citing that the stores are located in high crime areas and the stores were not turning a profit, this is very irresponsible behavior as it takes jobs away from the community, and these areas, unfortunately

Est1 Task 1 Essay

521 words - 3 pages 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