6 Social Responsibility within Company Q Social Responsibility within Company Q Daniel R. Beckerman Western Governors University WGU Student #000322976 For any given business, the greatest potential for revenue growth can be found through a mix of focusing on providing for the shareholders, as well as thinking of the stakeholders as a whole. This means focusing past short term profits and creating a plan that demonstrates a measure of social responsibility. Business reputation goes a long way towards creating how large a company’s customer base is going to be, and giving the appearance of not caring about the community can lead to a loss of customers and a loss of additional revenue in the long run.
Theodore Roosevelt stepped up and warned businesses to “act properly.” Those business elites that cooperated with the government elites were considered good trusts. Vice versa, those who didn’t were considered bad and thus busted. Business elites still won the war due to the fact that the government could only go so far until it starts to hurt the economy. Whatever happens to the big guys would have direct impacts on the little
Wal-Mart does not care about the American economy because they are thriving the way the economy is now, so American citizens have to stand up for their communities. According to the book, How Walmart is destroying America and what you can do about it, when you are a huge rich company and all you want to do is get huger and richer, it turns out a lot of smaller, poorer people have to get hurt in the process. Wal-Mart with all its size and power, could hurt people or help them in a lot of situations. Which do you think it normally chooses to do (Bill Quinn 102)? The answer for so many years has obviously been hurt people.
A majority of workers had been there over 20 years and were “resistant” to change. Finally the factory was closed and all five thousand employees were laid off. Then Toyota proposed a joint effort with GM to reopen the plant and the employees were rehired to produce a Chevrolet vehicle. Believing that Toyota’s success was a result of an overworked underpaid labor force, distrust was still rampant among the workers. Yet within three months the plant was producing better cars at half the cost than ever before—and the workers were happy!
Feeling helpless due to the economy they become addicted to claiming help from other sources other than themselves because it just seems easier. Thomas argues,” Anyone who thinks dysfunctional government is going to help their dreams is putting their faith in the wrong place.” In other words, the government cannot help everyone. Instead we should but putting our faith into ourselves. We are what makes America today, and if we don’t like it, then maybe we should take action and change it. If we were to start by supporting small business, we would be creating more employment, and keeping money in the community.
Consumers bought their goods when, in theory, they did not have the money to do so. Because they did not have enough money to pay, they would “buy now, pay later.” It is inevitable that consumers would lower their purchasing after this (Document H). Once the people do not have the money to keep their purchasing habits, they will ruin the whole economy. Another way the people ruined the economic system, was by buying on a margin. The people thought that they were living great, because their stocks were doing so well.
Each year, Welch would fire the bottom 10% of his managers and rewarded those in the top 20% with bonuses and stock options. He also expanded the broadness of the stock options program at GE from just top executives to nearly one-third of all employees. In Jack: Straight From The Gut, Welch states that GE had 411,000 employees at the end of 1980, and 299,000 at the end of 1985. Of the 112,000 who left the payroll, 37,000 were in businesses that GE sold, and 81,000 were reduced in continuing businesses. In
What we know is that the process of restructuring is not finished yet, but by now it can be labelled as successful, most important steps leading to eliminating inefficiencies were at least launched. Questionable is the position of U.S. government, which should fulfil its declaration and divest itself GM’s shares as soon as possible It is also seen that Management is crucial for bankrupts. Wrong decisions, speed of change, bureaucracy, and management wrong behaviours are the reasons and it is very difficult to create the company equity again with
Would you want them <br>working for you? Plus, the financial impact on business is severely staggering <br>because of drug using employees (Psychemedics, 1). <br> According to federal experts, ten to twenty-three percent of Americans <br>have used or currently using dangerous drugs while on the job, and forty-four <br>percent of drug users even admit to selling drugs on the job. Drug abusers cost an <br>employer on average $7,000 to $10,000 per employee annually (Jussim, 14) <br>(Psychemedics,1). Today, millions of workplaces have begun giving test, hoping <br>to eliminate drugs from the employees and the workplace.
Sky rocketing the company as the sixth-largest energy company in the whole world. However during 2001, due to unstable leadership and financial mistakes. Enron began to collapse and filed for bankruptcy. Labeled as one of the biggest case of bankruptcy the U.S. Justice Department released an investigation regarding the company’s transactions. During the investigation, CEO and former CEO Lay and Skilling faced up to 40 charges including conspiracy, making false statements on financial reports, securities fraud and wire fraud.