Costco Wholesale Corporation Ethical Framework For Decision Making

From the customer’s standpoint Costco looks to keep increasing its consumer base by providing low prices that aren’t coming at the workers’ expense, they believe this is the key to providing a good service and good business

The purpose of this paper is to evaluate the ethical standards of the fast food chain Chick-Fil-A and determine if the company establishes a code of

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.

Economic obligations are known to be the fundamental responsibilities of a socially responsible corporate. If a company does not strive to be profitable, it will not create jobs and provide important services and hence contribute to a vibrant economy. Costco’s code of ethics sets rewarding the shareholders as the company’s ultimate goal, which clearly indicates the company’s emphasis to meet its economic responsibilities. The code of ethics stresses that the organizational success is contingent

Seagate also ensures they adhere to ethical labor practices employed in various parts of the world. With more visibility, this allows Seagate assistance to ensure more equitable treatment of supply chain partners. They must incorporate the proper corporate social responsibility (CSR) in global supply chains by introducing codes of conduct that are expected to ensure socially responsible business practices throughout the supply

The evolving practices around corporate social responsibility (CSR) provide dynamic, and complex opportunities for business. Overall, businesses are modifying their core purpose from creating shareholder profit toward creating shared value across their stakeholders, with shareholders being only one of the many stakeholders. This paper analyzes the 74th ranked 2014 Fortune Global 500 Company Kroger. Kroger started in 1883 as a local Cincinnati, Ohio grocery store, and has expended to be the second largest retail grocery store in the United States, and fifth largest in the world, owning retail food and drug stores, jewelry stores, and convenience stores in the United States (Kroger, 2015). Kroger remains headquartered in Ohio. An overview of Kroger, and specifically Kroger’s corporate social responsibility (CSR) strategy and implementation will be discussed, followed by a strengths, weaknesses, opportunities, and threats (SWOT) CSR analysis informing a concluding plan to enhance Kroger’s CSR maturity.

Costco is the second largest retailer in the world. My family and I have been shopping at Costco for over 10 years now and there’s something different about the wholesale warehouse experience. It’s the vast expanse of products sitting on wooden pallets stacked on two story shelves; the employees constantly reorganizing, inventorying, preparing and welcoming you; and the very fact you’re an exclusive member because you pay $55 annually to be able to shop there. Costco strives to create that ethically transformed organization and embodies that in their mission statement – “To continually provide our members with quality goods and services at the lowest possible prices (Fanfare, 2016).” This is Costco’s selling point but they incorporate core values that “serve as enduring, guiding principles that reflect what organizational members find intrinsically valuable (Johnson, 2016).” Costco has created this ethical culture and it reflects in the ideals of its members while inspiring and promoting ethical behavior (Johnson, 2016). This is probably why the average customer, such as myself, keeps coming back.

Businesses, specifically larger corporations, play a major role in what occurs in society therefore, they are responsible to their stakeholders not only to pursue economic goals but the greater social good as well. Corporate social responsibility (CSR) means that a corporation should act in a way that enhances society and its inhabitants and be held accountable for any of its actions that affect people, their communities, and their environment. (Lawrence, 2010). Social responsibility is becoming the norm so much so that some businesses have incorporated it into their business model. There are three components of the bottom line of social

William H. Shaw & Vincent Barry, . Moral Issues in Business. 11 th ed. California: Wadsworth Cengage Learning, 2010-2007. 211-219. Print.

Kellogg’s always tries to engage with their customers and future customers through various ways like its interesting advertising campaigns. Like, TV and newspaper ads and Kellogg’s also use social media such as Facebook and Twitter to approach its customers, conduct various surveys to get to know their customers’ expectations and interests. Kellogg’s always tries to create two-way engagement platforms to interact with its customers about its products as well as its CSR initiatives.

Today, executives are having a rough time juggling between the demands of the workplace and those of their families and other personal responsibilities. In a bid to meet targets and other organizational goals and objectives, business executives in addition to traveling extensively also tend to dedicate long hours to office work.

From time to time, corporate executives encounter ethical dilemmas that seem rather challenging. In this text, I concern myself with an ethical dilemma faced by the top leadership of Nutritional Foods Inc. In so doing, I will amongst other things explain (in detail) the actions I would take were I to find myself in a similar scenario. I will also explain not only the reasoning behind my actions, but also the results I would be expecting.

Using 2 different companies as example, analyse and evaluate the ethical decision making process within a business setting.

Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.

Starbucks is an American multinational corporation that is arguably considered as the best coffee house in the globe in terms of global performance. The company has for a long time considered CSR as an important part of its operations and currently, it adopts an Anglo-American model of corporate social responsibility. This is an approach to CSR that maintains close links between shareholder interests with the operations of the organization. The company ensures that its CSR initiatives are appropriately audited so that it is able to learn of its CSR performance and not as an effort of complying with legal regulations and this is what makes the strategies adopted by the company very relevant. The corporate social responsibility codes that are derived from Starbucks’ Anglo American model have contributed to great product development by the company, efficient production and quality customer service. All these have been made possible through the company’s Corporate Governance Codes . At starbucks, the codes have provisions for the code of conduct which acts as guidelines as to how the employees at the organization behave. The code of conduct guides the entire organization including the board of