Est1 Task 1

In: Business and Management

Submitted By UTAUMALETIA
Words 693
Pages 3
A. Company Q recently closed two stores that were located in higher-crime-rate areas of the city due to consistently losing money. Company Q has experienced loss of business because of the community that it served in and because of that, its attitude toward social responsibility is more on the cautious side. Some may say because Company Q closed two stores down, that it is not being socially responsible because of the jobs that were loss, however, Company Q also has an economic responsibility to be profitable and its responsibility to the safety of its employees. Hypothetically, if Company Q continued to keep its stores open in the higher-crime-rate area, then they risk losing more money through damages and loss of profit. Is it worth it to keep the two stores open? Is it economically feasible? Company Q recently fulfilled the demands of its consumers by offering health-conscious and organic products, however, they were marked very pricey. Local food banks asked for donation of day-old products and management declined; worried over lost revenues due to possible fraud and stealing by employees who may claim they are donating the food. Company Q is not being socially responsible instead they have taken a cynical approach. Being socially responsible is defined as an organization increasing its positive effects on society while decreasing its negative effects (O. C. Ferrell, Fraedrich, L. Ferrell, 2008, pp. 12). By declining to donate its day-old food to the local food bank because of the fear of lost revenues by its own employees made Company Q see the worst aspects of things. Food banks help its local community by providing food and non-perishable items to people in need, free of charge. To decline to donate day-old food to the food bank, just to throw out the perishable items, is ridiculous. Why not donate it to someone in need? This action of…...

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