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.
There are a few things that Company Q could work on and change to create a better enviroment for the community. They decided to close 2 different stores in higher crime areas stating they were losing money. Instead of closing the stores they could implement new procedures to increase security. Installing cameras or hiring security guards to stand outside the store or patrol inside would show their customers that they are concerned for the safety of those shopping there. Company Q could also could work with other business owners and city government to makes changes to the area surrounding the store.
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.
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
Income and lifestyle represents possibly the starting point to analyze, considering low income persons do not generally buy gourmet food or imported wines and cheeses. A possible change in the marketing mix creates an opportunity to broaden the customer base, perhaps including products that may appeal to the lower income bracket, a program that teaches the delicacies of gourmet products to these types of customers (Luis Heredia, personal
They make their own prices, which would in most cases be more of a benefit to the producer. Both structures make it very difficult for others to enter the industry, limiting and sometimes blocking entry and competition. Industrial Regulation seeks to prevent unfair practices of restricting market entry, opening markets up for competition. Ideally, prices with regulate themselves in a fair competition, preventing one or a few companies from setting the prices that would be deemed as inappropriate. It also works to prevent the practices of unfair pricing and charging higher prices to consumers while the companies produce less product, limiting choices for consumers.
“The most important provision of this act however is the prevention of anticompetitive mergers. This occurs when a company buys a competing firm. While most mergers allow the companies to create better quality goods at less expensive prices, some mergers limit competition and make price fixing easier. This part of the act was designed to prevent mergers from creating monopolies” (Ellsworth, 4). This section of the Clayton act wanted to promote free trade and keep smaller businesses from getting too greedy.
Other than the fact that this movement would ultimately cause famine, it would also cause harm to the environment. Some people believe that eating local would lower the carbon footprint. Pelletier explains, however, that this notion is only partly true. The amount of pollution caused by trading goods is due to the type of transportation being used. Water transport has less environmental impact than transportation by train and even less than transportation by road.
Congress should renew the Federal Assault Weapons Ban Intro: One goal of the Federal Assault Weapons Ban was to reduce the amount of assault weapons used to commit crimes. Renewing this ban will most likely lessen the accessibility of assault weapons and in turn, lower the violence rate. 1st:The less amount of access, the more difficult to attain- Assault Weapons were not intended for citizens to use as it posed a risky potential for violence, therefore decreasing the amount of citizens with access to assault weapons introduces another goal of the Federal Assault Weapons Ban. One might argue that because these weapons can still be modified, sold, and bought on the black market by criminals and other mentally unhinged persons, it can instigate a threat among other law abiding citizens, thus prompting them to purchase them as well. With this I must bring up the case that it is not a legitimate reason for negating the resolution just because criminals will always have access to assault weapons.
Being an extrovert, we are usually motivated by outside factors and greatly influenced by the environment. As I have been reading , I have learned more about the extroverted personality type. I have also learned that having an extrinsic motivation is a means of encouraging an activity such as the company merger. For example, if we joined in and took the merger with open arms, we’d get better benefits across the board. However, if we had reluctance by a significant amount, we’d see the doors close for UT Medical Group.