As a chain of small local grocery stores in a metropolitan area, Company Q has closed two stores with the reason being loss of profit and that they were in a higher crime area. This would be a logical move on behalf of the investors and shareholders if profit is all Company Q is concerned about. Were these stores beneficial to the neighborhoods? Did the store workers get placed at other stores or were they laid off? If the stores were bought out by another company, this could benefit the employees and the customers in the neighborhoods, along with the investors and shareholders.
EST1 Task 1 James Duffield Western Governors University I will be evaluating the following information given from your company on its attitude toward social responsibility and giving your company recommendations as I see fit: Your company is a small local grocery store chain located in a major metropolitan area. You have closed a couple stores in high crime areas of the city. You also report the closed stores were losing money. After years or requests your company is stocking a small amount of health and organic products in all of your stores all of which are high margin items. Also, your company was asked for donations of day old products by the food bank.
Their position was lost revenue due to possible fraud and stealing by their own employees. These situations show a lack of compassion between Company Q and the community. The situations also show a lack of trust Company Q’s management has regarding their employees. It is my opinion that you cannot run a successful business if your management team has a lack of trust amongst the employees or not having the support needed from the community. * Part B Three actions that I would recommend for Company Q could take to improve the attitude toward social responsibility would be: In the higher crime rate areas Company Q could invest in a security process that would keep employees and the consumers safe.
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.
KUDLER FINE FOODS PROBLEM STATEMENT Introduction After analyzing the strategic plan for Kudler Fine Foods (KFF), many problems that will slow down the process of growth and success of the business are evident. My team members and I have discussed the issues involved with Kudler Fine Foods based on the information provided in the virtual internet/intranet web site (University of Phoenix, 2009). As a team, we have identified many issues within the organization, including poor upper-level management, poor organizational planning, inordinate reliance on perishable goods, a weak strategic plan, the owner’s mixing of personal and business finances, and the lack of a website for selling KFF products and services. The problems selected
Many of the positions are part-time, therefore, they are positions without benefits. By shopping at Walmart, Americans are supporting China. When Walmart opens new stores, they often cause the closing of other stores, and upset the balance of prices in the neighborhood. "Critics believe that Wal-Mart opens stores to saturate the marketplace and clear out the competition, then closes the stores and leaves them sitting empty." ("Store Wars," n.d., Big store, business practices section, para.
Strategic planning is crucial at this stage and there are tools available to help any business perform the analysis needed to succeed. Kudler Fine Foods is an upscale food store specializing in foods and services that appeal to a niche market; gourmet chefs and gourmet chefs in training. The firm had good initial success with its first two stores, but its third store is suffering with lower than expected sales. The firm wishes to continue expansion and increase profitable growth. Before moving forward the company’s owner, Kathy Kudler, needs to understand her company fully and have accurate knowledge about the firm’s internal and external environment.
America began on small businesses and America has to continue to have small businesses to have a good economy. Wal-Mart endangers businesses all over the country because small businesses cannot compete with the superpower on account of Wal-Mart getting goods from places like China. Most people live within thirty minutes of a Wal-Mart and with their lower prices people will continue to shop there without realizing what they are doing to their own economy. Most people don’t realize that saving a few dollars by shopping at Wal-Mart is crippling all the local businesses around their area. 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.
Risk Factors of Bloomingdales Risk factors play a major role in today’s economy. Since we are stuck in the stagnation period and do not seem to be recovering for quite some time, businesses have to come up with a proper marketing plan that will help sell their products. All businesses suffer from the same risk factors. Some common risk factors include: product quality, price, brand loyalty, competition, managerial skills, etc. Many customers are shopping at lower priced stores because the economy is not allowing them to spend extra money.
A business decision was made to close two stores in high crime rate areas due to the loss of profits. In the stores that remained opened, after years of requests, Company Q started offering limited amounts of health conscience and organic products to their stores. A request by the area’s local food bank asked for donations of day-old products however, management declined and decided to throw the food away citing worries over lost revenue due to possible fraud and stealing by employee’s who might say they are donating the food and do the opposite. The current attitude of Company Q’s social responsibility is negative. Social responsibility is important in a community and any entity has an obligation to benefit the society that they live or do business in.