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Company Q’s Current Attitude Toward Social Responsibility

In: Social Issues

Submitted By kenbarber
Words 1166
Pages 5
Evaluation of Company Q’s Current Attitude Toward Social Responsibility
--------------------------------
Abstract
Company Q is a small grocery store chain that recently closed two of its stores located in what was considered high-crime areas of the city. Closure of the stores is reportedly due to loss of revenue. Responding to years of customer demand, Company Q decided to sell a small selection of healthy and organic products in its remaining stores and they sold these products at high margins. Citing concerns of theft and fraud by its own employees, Company Q’s management opted to discard expiring (and high margin) healthy and organic food products over donating them to the local area food bank.
I. INTRODUCTION
The supporting principal behind social responsibility is a business’s obligation to maximize its positive impact while minimizing its negative impact on stakeholders and on the environment in which it operates. The ideals of social responsibility are ever present in today’s society and a standard in business culture, principles of which are a recurring theme of ethics in almost every industry. Company Q’s current attitude toward social responsibility is apathetic as the company’s management appears to be primarily focused on matters that drive short-term profit increase. Being focused on short-term gains, Company Q misses opportunities to be socially responsible where the business can better ensure its own sustainment by creating wealth over the long-term. Management’s ignorance of these opportunities may be the main factor behind why two of their stores were losing money, resulting in the company closing them.
Based on the occurring conditions and events, closing stores that were losing money and eventually offering products that were requested by its customers can be deemed responsible responses to stakeholder needs, yet future decisions need…...

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