EST1: Task 310.2.1-05 Opportunities for Company Q to lead in the area of social responsibility 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
Evaluation In evaluating Company Q for social responsibility, I have found that the company has not made a commitment to being completely socially responsible. The definition of Corporate Social Responsibility according to Lord Holme and Richard Watts (2000), “is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large”. The company
EST1 Task 310.2.1-05 1 EST1 Task 310.2.1-05 Western Governors University EST1 Task 310.2.1-05 2 Giving back to the people who provide for your way of life should be considered a norm, however in today's world, there are still companies that don't see the value it provides. Social responsibility is crucial in ensuring a company's continued place in their established service areas. While Company Q is viewing social responsibility as a burden or hardship placed upon them, they
Social Responsibility Review Christopher Thomas EST1 Task Stream: 310.2.1-05 Social Responsibility Review Businesses today face a plethora of ethical duties such as upholding corporate governance, maintaining stakeholder relationships, and presenting an image of social responsibility. In review of Company Q’s (Q) current ethics culture, its image in regards to social responsibility is not equivalent to that of its competitors. In a growing market faced with increasingly challenging competition