They will also be demonstrating a clear understanding of the broad role that they play in the wider society which will build trust with the community at large. In order to ensure that employees do not partake in fraud activities with the food that would be donated to the food bank, Company Q. should pay their staff fairly, providing a good work environment and encourage open communication channels so as to ensure the company's overall well being and prosperity. By doing this, the company will win the staff's trust and also increase their innovativeness and efficiency (Werther & Chandler, 2006).
Company Q. has to change its attitude towards its social responsibility as it will benefit its investors. As a business, Company Q. has a responsibility to manage its assets effectively so as to provide its investors with a fair and competitive return, to disclose relevant information and to respect the suggestions and opinions of its investors. Different businesses view the constitution of social responsibilities differently but at the end of the day, there is an applicable common standard. By adopting social responsibility, Company Q. will be able to determine its constraint levels as well as what it aims to accomplish and making it possible to back it up with certification that will be able to vouch that its commitments have been verified (Arthus-Bertrand, n.d.). Social responsibility will enable Company Q. build a reputation as a responsible business (Souto, 2001). According to smekey.org (2001), a survey that was conducted in France, Germany, Italy and the UK found that 88% of the sample of 4000 people would buy from a company that supports and engages in activities that help in improving the society. By doing this, they will be able to increase their market share, maintain key personnel and directing their investor confidence towards social responsibility. Company Q. will also enable them to produce goods that are affordable to the members of the community which will in turn be sold more quickly without risk of there being less produce being leftover. This will prevent unnecessary loss for the company and increase their sales.
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Social Responsibility Company Q's current attitude towards social responsibility is not positive. Social responsibility is "an obligation, beyond that required by law, for a business to pursue long-term goals that are good for society" (Riley, 2012). Company Q. has not demonstrated through any of its actions or policies that it subscribes to this philosophy. Its current approach demonstrates the company's policy with respect to the food bank is of particular concern,
Company Q. appears to have allowed the fear of corruption, particularly fraud and theft, on behalf of their employees to get in the way of their contributing to the greater good. It would appear that if management has concerns regarding employee theft then this issue should be addressed through theft prevention programs rather than an avoidance of engagement in activities that may or may not result in theft by
Ethics Social Responsibility and Ethics Evaluate Company Q's current attitude toward social responsibility. Company Q. has a negative attitude towards social responsibility. This is because it believes that there is the potential for fraud and losses. In this situation, the management feels they must proceed with caution. This is from a perception about these programs not producing any measurable results in comparison with their costs. Over the course of time, this will more
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