Est1 Task 310.2.1 Essay

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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, there are several areas that Q can and needs to address to bring the company to a level of social responsibility that exceeds stakeholder expectations. First, attention Q needs to address market demands for additional locations to better…show more content…
These enhancements will assist in decreasing losses and help create a more profitable business model, which will be necessary to re-enter the markets previously exited and re-gain consumer confidence. Community Involvement Recently, a local food bank approached Q regarding donating its day-old products. Q declined, deciding instead to continue to throw away the product, as they thought there could be fraud amongst employees with the disposition of the food. Being involved in the community and enhancing brand reputation need to be at the forefront of Q’s business plan. The choice to disregard the food banks request could be detrimental to Q’s customers' views of the company. Instead, any concerns of food dispositions can be carefully monitored with minimal costs, by implementing an inventory control program for the goods identified for donations. These processes can become an integral part of Q’s new Loss Prevention program outlined above. In addition, Q can become more involved with its local communities through volunteering and sponsorships. This is a great avenue to increase employee morale as well. Q can set guidelines for sponsoring organizations or community events, and allow the employees and employee leaders to decide where to direct the efforts. This will also encourage volunteer work, which Q can help support by hosting events such as food

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