Offering work programs that help prepare young people for management or skilled positions is a good way to take crime off of the streets while showing to the community that the business cares about the welfare of the population. This can help bring in a group of potential profit earners for the company while at the same time reducing crime in the stores and the surrounding neighborhood. The improved reputation could only serve to bring in shoppers who are more prone to visit the larger and cheaper chains such as Walmart. While this will incur immediate liability costs as the plan is enacted, the end result benefiting the shareholders is a cheaply trained future leadership staff, an improved reputation for the company as a whole, and a long term boost in
The functions of being socially responsible also means that the company has goals of embracing the social responsibility and encourages positive impact throughout the environment, its employees, its consumers and its communities. The company encourages and contributes to the economic growth and improving the local community and society. Company Q's is not embracing being socially responsible by closing two stores in higher crime rate areas because they are losing money. They failed to recognize that by making changes throughout the specific stores, not only could they have become profitable, but would have been able to provide local jobs in the community. Company Q failed to act in a timely manner to stock stores with health conscience and organic foods that were requested by customers for two years.
Substantive Procedures for Cash Outflow Irregularities ACC/566 Forensic Accounting September 13, 2014 Businesses have goals that include making a profit. In order to have a profitable business, it must be one that offers goods and services that are appealing to the people. When this occurs, there is a demand for the products and services and in some cases a need. Because the financial industry has its ups and downs, businesses must comply with certain rules and regulations in order to stay in business. Not only should they adhere to these guidelines and laws set forth, but they must internally protect their assets or prized possessions in order to continue the inflow of prosperity.
Many interesting points were raised during this discussion and it was enjoyable to read about different views others had. A common theme was caring about customer satisfaction, this can be through either the quality of the product the business is serving or the service that employees are giving directly to customers. Another common point was marketing; marketing fits well within the customer category as this will bring in customers old and new and keep them interested in the business. One point that was not discussed in the forum that I thought about after was the product or service a business has on offer, without a good product or service there would no business. Business’s also need to make sure that they are marketing their product to the correct target audience, to ensure the best
In addition, a continual paycheck is another benefit of working with an agency. Advertising Agency Disadvantages While there are quite a few positive aspects of working for an advertising agency, one cannot have the good without the bad. Since the agency acquires the client and does the
Chase Paymentech can also be credited as helping fuel the growth of ecommerce worldwide. I believe that when it comes to ethical principles Chase really has it down. In regards to customers Chase Paymentech wants to give its merchants the best methods to accept credit card payments from their customers with excellent pricing. They have come up with different programs for all types of business, ranging from small to large. The company helps these varying business with affordable pricing, tools to help grow and maintain their businesses.
You may not be able to offer or afford the low prices that the corporate chain store can charge or offer. By providing excellent customer service you can offset the effect of higher prices by offering a better customer service experience . to manage the higher prices they can satisfy the customers with marketing strategic techniques by spending money on advertising to get your products and service to be heard, do it gives a pleasure view of the quality of products, so this make the organisation feel very proud of offering sensational customer service. How does effective customer service benefit the employees Creating a successful working environment can enhance the importance of leading improvised employees and their morals of giving customer satisfaction and they are eager to help and put irate customers ease and improve their shopping experience. So therefore, it can overwhelmingly lead to a pleasant working environment which makes employees feel satisfied and good at what they do.
A business that wants to be profitable will follow a standard code of conduct for how is treats others and rectifies any wrong doing. Many believe that a business should not exist only to make a profit but that a business has a social responsibility to society. Social responsibility is a business’ obligation to maximize its positive impact and minimize its negative impact on society (Ferrell, Hirt, & Ferrell, 2009, 38). A profitable and sustaining business relationship can not be built without a solid foundation of trust, ethical behavior and social responsibility, and
Individuals can do their share to take care of the community by recycling, volunteering time, and investing monetarily. Recycling is important from individuals and their households to help preserve natural resources. This can be with cardboard, plastics, paper and etc. Another example of preserving is by making a habit of not being wasteful whether it is with food or water. Volunteering in schools, neighborhoods, and the local festival help bring unity to the community.
Doing market research during this process helps find the correct market you need to go for to get the business. This is importanat because marketing is not cheap and you don’t want to waste money trying to market to a segment of the market that does not need your product or service so this is valuable in getting the correct research information. I think a lot of companies go wrong by not researching what the customer wants instead they focus on just what the business wants and to be successful you have to have customers so you need to know what they want this can save valuable time and money in marketing by getting this information up front. So segmenting the market then target that market and positioning your product or service in that market is the way to make