Corporate Social Responsibility and Specific Strategy Differences

Case B, Question 1: Is Warby Parker a good example of corporate social responsibility? What

From this rises a larger issue in regards to managerial ethics. The major issue that arises here in regards to this is the decisions which drive profitability at the expense of the environment. Has the standards of conduct and moral judgements used in the behaviour of BHP aligned with environmental standards and global consistency? How do these judgments in turn affect not only the local environment but also the socio cultural environments? To focus on these ethical issues it is important to look at the regulations that govern corporate behaviours, the nature of the relationship that BHP as an organisation has with its social environment and the connection that economic growth has at the cost of ethics.

1. Discuss the four components of corporate social responsibility and how they relate to a charitable campaign such as (Product) RED.

Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.

Company Q’s attitude towards social responsibility appears to be nonexistent, possibly through ignorance or disconcert. Either way the lack of social responsibility affects their business and community’s perception of their business. It appears that the company management has never developed and ethics program that clearly defines the corporate culture including provisions for social responsibility. Profits, or at least a lack of losses appears to be a primary motivating factor for company Q's management’s decisions. Company Q has been attempting to cut losses by closing stores that were losing money instead of finding innovative ways to

Try not to let one minute destroy your assessment of the competitor, permit them to account for themselves or have another go at noting the inquiry with a little offer assistance. An awful answer isn't the apocalypse, and that apprehensive and timid competitor may very well change your organization.

RQ1: I would advise them to be very open minded and broad when defining their market they are competing in as to not exclude any and all potential competition.

Describe the conflict faced by corporate insiders who discover unethical or illegal activities within their organization.

Conditions have changed. Global trade has rapidly increased in both volume and value, reaching nowadays more than $4 trillion in 1997 (Daniels J.D., Radebaugh, 1998, pg. 529). Competition is fierce from all corners of the world. Failure at the global level can backfire and may consume existing brands and business relationships. At the same time, global opportunities have emerged that offer possibilities for growth, profit, and an improvement in worldwide standards of living.

Social responsibility is an important part of business today. Company Q’s current attitude towards social responsibilities seems insensitive. This company has shown that profits drive the success of their business. Company Q is closing two stores in high crime rate areas due to lost revenue. It did not seem the company explored other options that would have less impact on the community and their businesses. By exploring other options they could have improved the stores profits while making an investment in the community. Company Q made no efforts to explore other ideas. By researching different options or processes Company Q could have keep its doors open.

Corporate outreach is vital to an organization. Implementing one would give the company an edge to promote its culture, mission, and values to the community. An ethical company will also attract other businesses such as investors, potential employees, students and customers. When a manager chose not to participate in social responsibility for financial reasons, the establishment may stand alone. The leaders and workers may remain unknown to the community. It will be wise for a company to introduce itself the moment a foundation erected. It a stamp and a way to market without spending. Corporate outreach is giving back to the society. Moreover, such promote development and growth for both parties. The bottom line ethical decision help to

Certain decisions can result in consequences for the business, the employees, and all other stakeholders. While maintaining a competitive edge helps maintain profitability, it also allows provides workers with higher wages, bonuses, and other rewards that benefit them. Maintaining a competitive edge is important to many stakeholders within the organization who stand to benefit, it may not benefit, or may even be harmful to other members of the community. If a company produces waste that affects surrounding air or water quality, the business decisions may be in unethical. It would be a top priority to find ways to reduce waste, while still maintaining

• Business Ethics: We knew this problem since October, but tried to hide it with the hope that it will fade away. We will be scrutinized from an ethical perspective.

Corporate giving the contribution of profits to outside entities in the form of charitable gifts is an increasingly important and complex issues in the modern economy, with many organizations and comminutes dependent on such corporate giving yet with the legality and the ethicality of such gift very much in question. The publicly-owned corporation's profits ostensibly belong the that corporations shareholders, and according to some legal opinions this prevents the corporation from gifting these profits in a manner that does not lead to some benefit for the corporation/its shareholders, leaving individual shareholders to decide if and to whom they would wish to donate their profits. It can also be argued, however, that charitable giving is beneficial to the corporation in and of itself as it provides stronger community ties and a compelling brand identity for the corporation and promotes awareness of the company through favorable channels. Seen in this light, the question becomes whether or not a corporation is compelled to spend in the most efficient manner possible or if the spending of profits is fully within their purview as long as some benefit is achieved.

There are several problems that can we seen in business ethics. “Discussions of the role of the corporation in society and the very purpose of a corporation as a social institution are examples. It is not disputed that the purpose of a for-profit corporation is to make a profit for stockholder, but there has been an intense debate about whether maximizing stockholder profits is the sole legitimate purpose of corporations” as Milton Friedman and other have argued and whether beneficent corporate conduct is justifiable. This question is normative, but there is also the question of moral psychology raised by Smith: “Does beneficence have any place in the world of business?” An example is found in public utilities’ program to help customers pay for electricity, gas, oil, phone service, and the like. This attitude not only won’t increase the company profits but reduce. In fact, this is a corporate form of charity. The money is taken directly