Kant says that people in business should act out of duty alone, not self-interest or desire to earn huge amounts of money. For example motivating bankers through huge bonuses would be wrong. Kant would also apply the categorical imperative, to derive the duty of a businessman. However, whether Kantian ethics is the best approach in comparison to theories such as utilitarianism is debatable. One issue surrounding business is the relationship of the business to the consumers.
This shows a bad attitude toward economic social responsibility. Your company is withholding wealth from its stockholders by doing this. I would suggest stocking more health and organic products. Doing so your profits and wealth will grow showing a good attitude
However, a determination should be made regarding the viability of these items in all stores. If sales are low in certain areas, this could lead to loss of profit due to overages. Company Q has also declined a request by local food bank to donate day old products because they fear theft by employees. Company Q could take a few simple steps which would support their need to improve profit, engage their employees in a shared corporate vision, and build a supportive relationship with the community. Recommendation 1 Company Q should establish an ethics program.
Social Responsibility EST1 Task 1 Company Q's current attitude toward social responsibility can best be described as nonexistent. While a business's ultimate goal is to create profit, businesses should enlist community friendly practices to strengthen both the company and the community as a whole. Three areas that Company Q needs to reevaluate are as follows; (1) closing down stores because of the crime rate in that specific part of town; (2) only offering high margin items that are health conscious; and (3) wasting food instead of donating it to local food banks. Company Q has recently closed a couple of stores due to a pattern of lost profits. These two stores were in high-crime-rate areas.
As stated in MKTG, sustainability ‘refers to the idea that socially responsible companies will outperform their peers by focusing on the world’s social problems and viewing them as opportunities to build profits and help the world at the same time(p.38)’. I believe that Coca-Cola is sustainable in the way that they are focuses on the world’s social problem by wanting to stop or lower the amount of obese people as they said in their commercial and as it says in the article. They get to also make more profit that way by having the people that want to lose weight buying their new products with few or zero calories. 2) Why is it important for corporations like Coca-Cola to consider social and environmental issues in their decision making process? It is important for corporations like Coca-Cola to
A society we must respect those individual rights. As a manager at Kudler Fine Foods, I would expect that employees and customers are respected and recognized individually. My focus would not be on what may be most beneficial to society or the grocery industry in general, but on what is most beneficial to my internal and external customers. For example, some managers may believe that it is a waste of resources to offer free food samples. When looking at the bottom line, this practice takes an employee away from working the register or counter as well as increases the costs associated with providing goods for no profit.
It will present important information about the history and nature of the company. The project will also provide the reader with Starbucks’ business model and strategy that is essential for attracting more consumers, investors, and generate revenue. In addition, it will include information about the company’s environment; how the external factors impact Starbucks’ revenue, individuality, and competitors. Part of the data on how well the company is performing is to analyze its financial reports and perform the five – force model, SWOT, and corporate strategy analysis. All of this information provides potential investors with information about Starbucks’ performance.
WANGUI MUTHAKA CASE ANALYSIS 2 “ROI for a Customer Relationship Management Initiative at GST” EBTM 740 Tuesday March, 10th 2015 This case attempts to assess Teradata, a data warehouse technology provider, proposed data mart consolidation program for GST which would improve the effectiveness of the marketing programs and also increase the retention of the quality customers. In addition to that, the company could also analyze the trends of different customer, changes in their tastes and also launch new policies regarding to the needs of the customers. As a result, this would increase the profits of the company and hence, its market share significantly. The CFO of GST, Mark Johnson and Vice President of marketing, Erica Kolks are concerned regarding the profitability of the proposed program. The management of the company has decided to introduce changes to the business processes.
Ethical Situations in Business Ethics in a business is important to display to a company’s employees as well as to the community that it operates in. To easily put it, an ethical business does the right thing versus the wrong thing at all times. These ethics are not only in the products and/or services that it provides but also in the business practices and procedures. Company Q is a small grocery store chain in a metropolitan area. A business decision was made to close two stores in high crime rate areas due to the loss of profits.
CREATING SHARED VALUE Is CSV an attempt to legitimize bad business practices? According to the article “Contesting the Value of creating shared value”, in Michael Porter point of view, “CSV compliances with the law and ethical standards, as well as mitigating any harm caused by the business”. In fact, there is a viscous circle between business and society and companies have being seen as creating profits at the expense of the community, and not creating profits that automatically benefits the community. Because of that, the government has increasingly perceived business as a problem, as a source of bad practices in society and starts to regulate, to control the tax, so political leaders are unable to pursue business in friendly public policies because the political environment almost forced them to be tuff the business despite the fact that business and society need each other. There are many things that company can do that don’t involve the trade-off, and that’s what company should focus on.