Social and Environmental Responsibilities of Companies in China

New Balance is privately owned company, which is the second largest footwear manufacture in the United States and the fourth largest footwear manufacture in the world with annual sales in 2008 of $1.61 billion (Veleva, 2010).

When U.S business are thinking about going abroad, they need to be aware of the other country’s laws and regulations. “All businesses must, of course, follow the laws of the countries in which they are physically present and operating. Businesses may also be required, even in their foreign operations, to continue to follow certain laws of their home country. Also, businesses operating across national borders will also be subject to international law (Tony McAdams, 2014)”.

Vectren Corp. (Underground Construction, 2014) The Author explained in the article, that the plan is to spend some $865 million dollar on the construction of the 1000 mile pipeline. It is said that is will be checked and examined, with the highest federal and state regulations of safety in my in mind. (Underground Construction, 2014) It has been stated that they will install new pipes, to ensure the safety of the plant given the amount pipe that will need to be installed. (Underground Construction,

There are multiple important people and organizations involved with this gasoline pipeline explosion. The most important would be the Olympic Pipeline Company itself. The Olympic Pipeline Company is operated by BP Pipelines. BP Pipelines is the second largest pipeline company in the United States. There were a few important employees involved in this case that worked for Olympic. There were the inspectors of the gasoline pipeline, which were to inspect the pipeline’s mechanics. Also, there were the employees who were responsible for installing a pressure relief system that did not work. In addition, the computer system administrator was very important since this person was working on the software development of the pipeline’s control system during

Participating in international business can be very risky and lucrative all at the same time. It is important to know the key factors and controllers when doing business on foreign territory. There are many things to consider when you look at day to day operations and cultural differences, but more so what you do in the event of a national state of emergency. There are always political issues, and individual problems that each country deals with within their own country. What do you do when you are faced with a state of emergency, do you continue to stand your ground, leave and only choose to reappear when things have settled, or simply stop operations all together.

We will begin this paper discussing whether or not Company Q’s actions have been socially responsible. In the scenario Company Q has chosen to throw out day old food instead of allowing it to be donated. The reason for their decision was to deter theft from the employees who may take the food instead of actually donating it. This in my opinion is socially irresponsible of Company Q. Company Q’s store has indeed faced some challenges, seeing as it is in a high crime area. More often than not high crime areas are also low income areas, a combination that surely both directly and indirectly effects the profits of the store. Profits are important as any business needs to be profitable obviously, but it should never be at the expense of people. People are one of the most vital parts of any business as you need them as consumers, and of course aid in running the business as employees.

Company Q’s actions are not socially responsible. A company that is socially responsible would try to balance its ability it positively influence the community and increase profits. In the scenario we are given the information that they closed two stores in “high-crime-rate” areas.” In high-crime-rate areas we can usually deduce through logical conclusion that people may not be as financially secure. Due to this they may not be able to afford the groceries that Company Q is offering. We can see that Company Q attempts to maximize only its profits when we read the scenario. In the scenario Company Q is very selective about its products and only offers it at “high-margins.” Anyone in these areas that they closed the two stores simply may not be able to afford the high markup costs that Company Q is trying to make.

Company Q is a small local grocery store chain who has made poor decisions when it comes to social responsibility. Company Q’s business is suffering because the owners’ do not know the heart of running a business, Social responsibility. When opening a business it is not all about the money. Sure it is nice to think about growth and reaping the benefits of a bigger bank account, but the first thing that is important in business is the consumers. Who is buying what you are selling? What will make consumers buy more, comeback, or tell friends? Businesses flourish around consumers. So if it is money you are after, then consumers are who you need and want. So in business in order for Company Q to get what they want and need, they will need to give the consumer what they want and need, social responsibility. Give back, it has always been said “It is better to give than to receive.” After careful review of Company Q's business actions, this company lacks social responsibility in many areas.

Social Responsibility; An organization's obligation to maximize its positive impact on stakeholders and minimize its negative impact.

An article on Forbes has mentioned that Corporate Social Responsibility (CSR) is not going to solve the world’s problems, but is a way for companies to benefit themselves while also benefiting the society . My argument would align with Freeman because of the sole fact that in today’s world, no business can run in isolation. It needs support from the community it is in, as much as the community receives support from the company.

Company Q’s attitude toward social responsibility reflects a negative reputation on them as a corporation in their current community. The geographical location in a major metropolitan area should sustain the business with a solid consumer base and maintain reliance of current investors. However, they closed two stores in high crime areas for consistently losing profits, waning investor trust and damaging employee faith. The decision to close the stores limits their ability to be socially responsible to its stakeholders and potentially contributes to the areas crime level.

Company Q is a grocery store located in a high traffic area. As a company they are socially responsible when it makes them money. Company Q was socially responsible when it came to giving the customers what they wanted, in this instance it was organic food. As a company they knew that they could make money off the customers buying higher end food. However Company Q wasn't socially responsible when they were asked to donate the day old food to the food bank. They wouldn't be gaining any money from this, they would be loosing money. The money that they spent to either buy this or make the product would be gone. Overall I would say that Company Q is not a socially responsible company. You can't be socially responsible only when it is a convenient

I chose to look into General Electric for this project because they are an energy supplier and multi-national company. Energy providers have a reputation as a money hungry companies that care about the bottom line more than people and the planet. It is easy for a person to assume that a corporation of GE’s size, money would be its only concern. What I learned was that GE has a public image problem more than a Corporate Social Responsibility (CSR) problem. The company has been working to make the people of the planet more Earth friendly by creating technology that has higher efficiency with fewer emissions and lower resource demands. GE has a well-established strategy for Corporate Social Responsibility. As a result of CSR the company

Is the deception of consumers worth making a profit? The Ford Pinto, popular car of the 1970s, made a profit off of a vehicle that endangered the lives of hundreds of people. In his essay “Pinto Madness” Mark Dowie, author and Pulitzer Prize nominee, exposed the unethical decisions made by Ford Motor Company. When it came to their customer’s safety and profit for the company, Ford made a decision that led to consequences their customers had to pay the price for. Should the business be held accountable for these actions? In his essay “The Social Responsibility of Business Is to Increase Its Profit” Milton Friedman, powerful economist, discusses what a business should prioritize in the economic system. Friedman declares what a business is responsible for and the guidelines they must follow. Due to Friedman’s view, he would not have condoned the actions and decisions that the executives at Ford Motor Company took.

Business people today are more aware about the social and the environment impact of their business than in the past. They start taking into account activities in helping others and preserving the environment as a main part of their business model. Business is no longer solely aim for profit as they have much larger purpose than that. However, to achieve that purpose, the business people need the Government and NGOs to create strong synergy in achieving the desirable outcome.