Company Q Social Responsibility Essay

Company Q Social obligationSocial responsibility is often imagineed as an inconvenience that cuts into shargonholder profits. An organic law that with this outlook on neighborly responsibility is missing a probative opportunity to improve public perception and fight profits. This is clearly the view of company Q. When twice presented with the opportunity to create both social and fiscal capital, they failed miserably. This likely contributed to the closure of 2stores due to low performance. Not only if are they harming their stakeholders (the communities in which they operate) but, they are also harming their shareholders by not capitalizing on revenue opportunities. (Ferrell et al., 2013) There are three clear answers to their deficiencies. The first and to the highest degree obvious is to begin donating the items that are expired to the topical anesthetic food rim as requested. The second is to implement a code of moral philosophy in the corporate guidelines. Lastly, th ey should be expanding the current selections of goodish and organic foods. If these steps are followed, can the Company Q dig itself out of the want column and cipher some profits? The answer is yes.Company Q was recently approached by the local food bank, and asked to donate the day old foods that Company Q had been throwing away. attention declined, opting alternatively to to continue to write the food off as a loss and throw it into the trash. The reason that was cited was concern for fraud and employee theft. This is an example of the company fetching the short term bottom line approach. They develop completely handle an opportunity for incontrovertible public relations and social capital. Both of which have been shown to have a positive impact on monetary capi- tally Head Company Q Social ResponsibilityThere are fewer opportunities that a care is given where the benefits are so obvious with rattling little capital investment.How does Company Q accomplish this withou t risking fraud and employee theft. The answer is simple. Management is clearly not showing a commitment to ethical deportment and it has trickled down to the employee level. An organization cannot expect individual ethics to self decree organization ethics. (Ferrell et al., 2013) If Company Q were to draft a corporate code of ethics, thither would be clear guideline to follow when it came to employee expectations. In a perfect(a) world company would draft provisions within this code of ethics for positively impacting the communities they operate beyond offering goods and services for sale. This would send a clear message toemployees of expectations give the company a more positive outlook on social responsibility.Thereby, benefiting both stakeholders and shareholders alike. (Ferrell et al., 2013) Company Q has a fiducial responsibility as well as a social responsibility. Their fiduciary responsibility is to their shareholders. Management has missed out on opportunities to grow the business in market segments that had been previously ignored. It is not often that customers give accost feedback that translates to higher profits. In the case of healthy organic food options macrocosm requested by customers, this is the case. Not only have customers stated that they ordain buy these items, but these are high margin items that will drive profits, and allow them to increase value for their shareholders. At the same time their social responsibility obligations are being fulfilled by offering these healthy foods to customers.Running Head Company Q Social ResponsibilityIn a time when many small local businesses struggle to compete with liberal mega corporations such as Wal-Mart, they cannot afford to ignore an option for strengthening their business. steady if it is different than what they have traditionally done.ReferenceFerrell, O. (2013). Business Ethics 2009 modify Ethical Decision Making and Cases VitalSouce bookshelf version. Retrieved from http//onlin e.vitalsource.com/books/9781285279985/id/ch2-L1