At the base is economic responsibility, with its focus on providing wealth and value for stakeholders. Company Q has interpreted this to mean that if a store is consistently losing money, it should be closed to protect the company’s remaining assets, and thereby preventing loss to stakeholders. While lost revenues should definitely be a consideration, Company Q could have also investigated why the two stores were losing money. Did insurance costs rise because of the location of the stores in high-crime areas? Were payroll costs outpacing profits?
It is also stated that after many years of requesting health conscience items you are just starting to offer a limited amount of these products, which are known as high margin items. Company Q has also received requests from local food banks for donations of day-old products, but you have decided to throw the food away instead of donating, citing concerns that employees would lie about donating food and steel the items instead. In my review of these provided facts, I would like to provide three recommendations on how you can improve Company Q’s attitude towards social responsibility. My first recommendation is to increase your current offerings of the Organic food items. This has been a continual request from the customer base.
A final area that we will look into is that of a decision made by company Q to dispose of old and expired food products, instead of agreeing to a request of local food banks to donate the items. The reason company Q made this decision, according to their spokesman, was that there was “a concern of lost revenues due to possible fraud, or theft of food by employees and claiming donation.” This is a poor excuse by a company with the resources to enable proper oversight of the donation process. So what can be done? Company Q has 3 examples where a lack of vision and
Wal-Mart’s sales were growing, and that meant that Target’s sales would go down since consumers preferred Wal-Mart for Target. The inability of Target’s managers to identify a solution to the problem of dropping sales and develop a viable course of action also affected Target’s performance. Another micro environmental factor was the thriftiness of customers all over America, which endeared them to Wal-Mart. The impatience of Target’s shareholders and the pressure they exerted on the company’s board to deliver was also a major factor. The marketing strategies that were adopted by the management also failed to turn things around.
The Company used lower prices to attract customers and then charged them a higher cost than advertised. Premier Fitness even continued charging customers’ accounts long after the membership was cancelled: a violation of privacy. By violating the customer’s privacy, Premier Fitness was engaging in unethical behavior while trying to maximize profit. The Company would have seen short-term gains but this practice lead to long-term brand rejection by customers. Considering the focus on healthy lifestyles and the number of fitness clubs open a long-term approach would have been quite successful - had the Company chosen that strategy.
Wal-Mart’s sales were growing, and that meant that Target’s sales would go down since consumers preferred Wal-Mart for Target. The inability of Target’s managers to identify a solution to the problem of dropping sales and develop a viable course of action also affected Target’s performance. Another micro environmental factor was the thriftiness of customers all over America, which endeared them to Wal-Mart. The impatience of Target’s shareholders and the pressure they exerted on the company’s board to deliver was also a major factor. The marketing strategies that were adopted by the management also failed to turn things around.
Competency 310.2.1 Ethical Issues In Business EVALUATION From the information given, it seems that company Q has a negative attitude towards social responsibility. Company Q has begun to listen to the needs of its customers, and is attempting to address those needs by supplying the desired products. However, it seems that company Q is selective in which customer’s needs it will address. By closing two stores in high crime rate, or in other words, lower income areas, they have sent the message that they appeal only to a more affluent crowd. Also, company Q’s only concession to changing policies is to begin carrying high margin, or high cost, products at all of its stores.
Based on the facts provided I found the following: * Old furniture, cooking equipment and menu * Inexperienced management * sociological structure * Young age of the manager as a reason for the lack of respect from staff * Expectation to perform regular management duties in addition to their supervisory responsibilities * High turnover of staff * Lack of work ethic - abuse of privileges * Lack of communication between manager and employee * insufficient training for night managers This may be a serious problem for company. By a lack of respect towards the manager staff may not be effective at work. Company should find a good idea to control workers otherwise losses will be visible all the time. Bad communication is key serious in this case. Result of all this is a rising costs, decreasing sales and worse atmosphere at work.
The researcher shows how outsourcing impacts workers in a negative manner, goes against the moral and ethical standards inherent in business and proves that outsourcing will ultimately result in dissatisfaction for corporations in the long term. From an ethical view, outsourcing is wrong and has pessimistic results on both employees and corporations in the long run. Corporations that bolt to outsource job task realize little returns on investments and profit savings in the long term. The surge to outsource has left companies with little worth and no tangible assets in the production or delivery of products. Among the people most affected by outsourcing in recent years are white collar workers, whose resumes are now overwhelming the job market as enthusiastic job seekers attempts to find jobs that will pay them a fraction of what they were earning while working in corporate America (Shaw, 2004).
These implications serve a purpose in that the people who are living in these circumstances have no way of escaping their economic conditions because of the dehumanized state the slums serve. As a result, some must resort to negative influences and be defined as cons even if there is no evidence to support that poor sectors are all filled with cons. These accusations Lu insinuates through June are that the rich have no hope for the poor and believe that they are all well below academic standards in addition to being thieves. The rich also continue to ignore the situations the deprived live in because of the fear that rebellion will take away from their lavish lifestyles and that they will lose support from their country and the benefits that rich sectors guarantee. Lu alleges through Day, “You seem like nice