In: Business and Management

Submitted By nomad9870
Words 795
Pages 4
Social Responsibility of Company Q

Does Company Q have a positive attitude towards being social responsible? The evidence lay in the actions and reactions, or lack thereof, towards the needs and desires of one of its primary stakeholders, their customers and the communities in which they do business. First we should consider that they have recently closed two stores located in “questionable” areas, citing lack of profitability. The public perception of this move is clear that it is more related to the reported high crime levels in the communities surrounding these locations as the key focus to the closing of these stores. These locations are likely vital to the local customers for convenient availability of the goods and services Q offers as they now will be required to travel to stores outside their own community to acquire these. Closing of the stores without assessment of the impact on the community shows a clear disregard for the needs of these stakeholders. This displays a shareholder based corporate governance philosophy, thus exhibiting a lack of socially responsible thinking. Second when specifically requested for donations of day old perishable foods to a local food bank Company Q instead has chosen to dispose of the foods citing worries over lost revenue caused by the potential of employees collecting the foods for donation while in fact they would be keeping it for their own consumption, thus stealing from Company Q. These donations could be made without any significant cost to the company, as they would be disposing of the foods they could otherwise be donating. This shows a lack of social responsible thinking by not considering the good that such donation would help not just the community by supporting the food bank, but to feed the underprivileged. The reasoning that this would create a potential loss of revenue by way of theft by their employees…...

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