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

Social Responsibility Essay

714 words - 3 pages

Part 1: Ethical Behavior
The first matter would be that the hiring and firing decisions made by the managers of MKD be based on a person’s ability to perform the job. Their managers should not discriminate against race, gender, national origin, or age, to name a few. The second matter would be that MKD should ensure that each employee is paid fairly and that their working conditions meet the legal standards. The third matter would be the matter of privacy and respect. The ethical behavior of MKD should be to respect each employee and their privacy.
Part 1: Environmental Responsibilities
The public opinion of MKD could be greatly tarnished as a result of this instance. Much like the case ...view middle of the document...

Part 1: Accommodative Stance
If MKD adopts the accommodative stance they will accept responsibility and work to satisfy or even exceed economic, legal, and ethical criteria. In 2012, the Bank of Korea mentioned that it plans to maintain an accommodative policy stance. They had managed to hold the base rate during the latter half of 2011 at 3.25%, and in fact they were able to keep the mentioned interest rate steady for an eighth straight month. (Nam, 2012)
Part 1: Proactive Stance
If MKD had initially adopted a proactive stance their actions would have been proactive rather than reactive. This situation would have been handled properly or may have never even happened at all. Companies that are proactive, act in advance of any future situations. Exmark Manufacturing has policies in place to actively make recalls on products before situations arise. (Exmark, 2011)
Part II: Pricing Objective
An example in which a company might adopt a pricing objective other than profit maximization would be when a company planned to launch a new product into the market in which a similar product already existed. The company would offer it at a lower...

Other Papers Like Social Responsibility

Social Responsibility Essay

3106 words - 13 pages to relatives. I told Quan that with living allowances 'This case is strlclly hypothetical; any resemblance 10 real and all of the other things that go with international placement, you tWo should almost triple .persons, companies, or situaltons u coincillental he concepts of business ethics and social responsibility are often used interchangeably, but as we pointed out in Chapter I, each of these tWo terms has a distinct meaning. Business

Social Responsibility Essay

737 words - 3 pages responsible employer while offering a wide variety of 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

Social Responsibility

1002 words - 5 pages Dilemma] Gao Pu With whom do you agree: Friedman and Rogers or Mackey? Using up to a couple paragraphs, defend your point of view. I strongly agree with Mackey. Apparently Mackey has a very successful business, Whole Foods. That means not only does he know how to make profit, he also understands how to use it and its role in the business’ social responsibility. There is a huge difference between Mackey’s argument and Friedman and Roger’s. As

Social Responsibility - 1683 words

1683 words - 7 pages Social Responsibility Paja’s Facilities and Property Management is non-profit organization that is headed by a director who is appointed by the Commissioners. Paja’s FPM manages approximately 8.5 million square feet of space. It has over 200 employees that work with vendors, contractors, other departments and the public Paja FPM provides services 24/7 365 days per year. Environmental Consideration: The company currently

Social Responsibility of Business

2386 words - 10 pages Seminar Paper Social Responsibility of Business Social Responsibility of Business Name= Bisweswar Chakraborty BBA, 4th Semester, 2nd year * Introduction :- * Social Responsibility :- Social responsibility is an ethical theory that an entity, be it an

Corporate Social Responsibility

521 words - 3 pages Corporate social responsibility is the commitment of businesses to act ethically and to positively give back to society by improving economic development and quality of life of the employees, shareholders and communities. Businesses that practice social responsibility ensure that their mission and values improve the wealth of businesses and at the same time contribute to the sustainable development of the society. Corporate social

Corporate Social Responsibility

1197 words - 5 pages Page Number Definition of CSR------------------------------------------------------------------------------------- 3 The 4 strategies---------------------------------------------------------------------------------------- 4 The Toyota Example as Proactive Corporate Social Responsibility --------------------------- 6 References

Ethics and Social Responsibility

668 words - 3 pages Ethics and Social Responsibility from the Stakeholder’s View From the stakeholder’s view, the role of ethics and social responsibility in developing a strategic plan is very important because company stakeholders are not only investors but have voting power that can affect the social and financial impact of a company. The voting power does come with a social responsibility to the employees and customers. Stakeholders must consider more than

Ethics and Social Responsibility

1021 words - 5 pages Ethics Reflection Paper Donald Dennis STR581 / David Geerinck 04/21/2015 Ethics and Social Responsibility While looking back the last 15-20 years (the time where I grew up and most impressionable), ethics has taken an important place in corporate America; and not in a good way. In fact ethics has been the center stage in a variety of companies with serious problem

Ethics And Social Responsibility

1223 words - 5 pages Ethics and Social Responsibilities Randall Blow PHL/320 July 14, 2016 Lela Dennis Ethics and Social Responsibility Responsibility is an act whereby an individual or organization is accountable for an action done. An individual or organization ethical responsibility is to act, recognize and interpret on certain values and principles according to given standard that exist in a locality or context (Treviño, et al., 2014

Corporate Social Responsibility

2424 words - 10 pages 1. Introduction “There is one and only one social responsibility of business – to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to stay, engages in open and free competition without deception or fraud” (Friedman, 1970). As one of the most influential economic scientist in the 20th century, Milton Friedman did this statement 41 years ago. In the last

Related Essays

Social Responsibility Essay 576 Words

576 words - 3 pages Task 1, Part A It is clear that “focusing on profit alone can create an unfavorable paradox that causes a firm to fail to achieve its objective” (Ferrell, Fraedrich, & Ferrell 2009). Company Q’s social responsibility is on a downward trend. Because Company Q took a gamble operating two stores in higher-crime-rate areas and lost, their current attitude toward social responsibility is comparable to stock trading: cut your losses and move on to

Social Responsibility Essay 545 Words

545 words - 3 pages Social Responsibility Company Q is a small grocery store chain; who has been asked by the area’s food bank for donation of their day-old products. Management declined deciding to throw the food away, citing worries over lost revenues due to possible fraud and stealing by employees who might say they are donating the food. After researching the topic of social responsibility there are some things that could be improved in this area

Social Responsibility Essay 686 Words

686 words - 3 pages Scenario: You are tasked with developing a social responsibility strategy for a client. This is an important assignment as business organizations both large and small, domestically and internationally, address issues of sustainability and social responsibility. To be sure, 21st century business practices will demand nothing less from companies seeking to add to their triple bottom line (people, planet, profit). The strategy you develop should

Social Responsibility Essay 2465 Words

2465 words - 10 pages Social Responsibility The concept of social responsibility had been in existence in the corporate world. Businesses and firms have a responsibility to the society in which they prevail and operate. It is their obligation to give back to the community where they are sustained. Such giving back or supporting the community in some form is the social responsibility action of the enterprise. The giving back to the community may be as financial