Social Responsibility - Company Q

In: Business and Management

Submitted By mns84
Words 787
Pages 4
An often overlooked way to cultivate and maintain a corporation’s value is through the implementation of a social responsibility platform within common business practices and operations. The definition of social responsibility is for a company to maximize positive benefits and minimize negative effects to their stakeholders. Company Q’s lack of concern towards their primary and secondary stakeholder’s interests highlights their disregard, intentional or not, of social responsibility and the resulting negative effects it creates.
Company Q demonstrated this social responsibility neglect to their primary shareholders by delaying their customers’ desire for organic, healthier options and by implying mistrust of their employees. Social responsibility advises regular attunement to stakeholders concerns as a means of keeping in touch with them, a form of open communication. It took three years of customer requests to implement the addition of organic food to Company Q’s inventory. A modest turn-around time is understandable as not all stakeholder desires are achievable. This request, was obviously achievable based on the eventual presence of organic goods, however it was ignored for a lengthy time; this does not demonstrate an attitude of social responsibility from Company Q. A company’s social responsibility also pertains to another primary stakeholder, their employees. Employees are considered stakeholders due to their concern over their employer’s wellbeing: it’s a symbiotic relationship. Company Q’s distrust of their employees, citing internal theft, as a reason to opt out of food donation to the local food bank, does not portray a beneficial attitude towards them. Employees keep the company operating and should be treated fairly, with respect or risk a negative work environment created by the attitude of the company. Negative effects to primary…...

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