A focus on those in need is something that helps a company’s reputation for years to come, boosting profits in both the poorest neighborhoods and the wealthiest. Company Q benefits from having multiple active locations in place in varying income locations. Should the focus be on meeting the economic, legal, ethical, and philanthropic requirements of social responsibility, the company stands to be a responsible, reputable, and very profitable
I also think that their company will have stable long-run profits. Everybody loves an ethically motivated company who is working not only for the profits but also for the community, which in return will attract lots of customers. On
This means aligning the previous concepts with a framework that financially capitalizes on the positive benefits realized. A successful business is conscious of the social and environmental impacts of its supply chain, operations, products and services, and acts responsibly to minimize any negative impacts and remain in business. 2.) Sustainability requires a commitment to engaging in business practices, make net positive contributions to the overall health and well-being of employees, customers, and community. Williams and his team have reached a consensus to address the future.
The board of directors must by law be composed of volunteers, which can be an advantage to the company. These are also internal factors that have helped the organization be successful that it will want to leverage and grow. Asset leverage; Loyal customers; Market share leadership; Diversified products. They are all the strengths of the ALL. Asset leverage allows ALL to use their best operational assets to expand their business and improve their market share.
KFF is appreciated for quality customer service and fairness to employees. KFF is experiencing financial strength. The balance sheet and forecasted income statements display the positive net revenues and successful growth. Analyzing a business is imperative so conducting and environmental scan is a necessity for KFF. The environmental scan provides information about the present status of KFF and displays the internal and external environment of the business.
This way the high standard of the quality of the crisps is reflected within the workers and their processes which make the brand look even more desirable, professional and it gives off the impression that they are happy working at such a well known, respectable brand. This would therefore achieve walker’s main aims and objectives as they would enjoy the product as they know that the people who created it enjoy it too and walker’s main objective would be complete because when people enjoy a product they will more than likely come back again to purchase it resulting in increased profits that the company can put back into the
Without customers, there is no business and this will hurt this large company in the long-term. Not only is it right for the company to give more consideration to their employee’s desires but it will also contribute to the bottom line. Their customer will know the value of their company and employees will be more productive in what they do and proud of who they work for. Wal-Mart makes an average of $245 billion in revenues; therefore they have the resources to treat employees fairly. It is important for their corporation to take care of their workers and have a reputation of treating them fairly, which is important to the customers.
In my opinion, companies should be socially responsible because of several reasons. o I could support the statement with the quote: "Message to management is this, the way we have managed the downturn, we have done an excellent job. The labour management relations on the ground, we worked very closely. The way we wrap up this downturn could be even more important. If you wrap the downturn in a way that could be socially responsible, it will further strengthen the trust between the labour and management.
Yet there is clear evidence that agreeableness is something employers value. Several recent books argue in favor of the "power of nice" (Thaler & Koval, 2006) and "the kindness revolution" (Horrell, 2006). Other articles in the business press have argued that the sensitive, agreeable CEO-as manifested in CEOs such as GE's Jeffrey Immelt and Boeing's James McNerney-signals a shift in business culture (Brady, 2OO7l. In many circles, individuals desiring success in their careers are exhorted to be "complimentary," "kind," and "good" (for example, Schillinger,2OO7). Take the example of S0O-employee Lindblad Expeditions.
M&S realizes this main attribute and provides good services and high quality products to customers for elevating customer loyalty. As M&S focuses its business on the quality and service, its competitors consider convenience and breadth of range. These factors made this company ahead of its rivals since M&S not only satisfies the needs of customers but considers strategies of competitors of the same target market. This strategy has considered one of its key competitive advantages. Apart from quality and service lead, M&S has been considering the succeeding factors as their competitive advantage: (a) M&S has not only established good relationship and reciprocate profit with suppliers but also maintained long-term partnerships to work with them.