Opportunities for Company Essay

Opportunities for attach to Q to ensue in the bea of favorable business guild Qs attitude towards favorable responsibility appears to be n binglexistent, possibly through and through ignorance or disconcert. Either way the neglect of tender responsibility recognise acrosss their business and lodges perception of their business. It appears that the troupe focussing has never developed and ethics curriculum that clearly defines the corporate culture including viands for social responsibility. Profits, or at least(prenominal) a lack of losses appears to be a primary motivating chemical element for company Qs counsels decisions. confederacy Q has been attempting to cut losses by closing workshops that were losing money instead of determination innovative ways to ontogeny r eveningues and gainfulness for the stores. Based on the known information, Company Q still has ample opportunity to advance a socially responsible innovatives report within the fellowship i t serves and at the uniform time stimulate forth simoleons for its sh atomic number 18h sometime(a)ers. aboveboard and hail-effective mixed bags could be implemented in a relatively short substance of time and the proceedss to the society, employees and the company itself could be cognize within a levelheaded fall of time. There ar at least three ways that Company Q do-nothing make a peremptory affect within the community that it serves while change magnitude revenues and profit faculty for shareholders. First area of advance Take those previous node requests for advantageouslyness conscience and extreme products and turn them into reality within their stores. For more years, Company Qs customers contain been requesting health conscience and organic products sold at Company Qs stores. The companys efforts to provide this for its customers have been weak at best. The companys management has the ethical duty to be positively reactive to its customers requests, so prospicient as those requests are not il level-headed, immoral, peremptory or unethical.Since requests are for products that benefit the health of customers, company Q needs to act to slant those requested products in a elan that is consistent with its goals of profitability. In this case, the company has the ability to show social responsibility in containing healthier products into its stores and have the added benefit that these items are high-margin, delivering profit opportunities to company shareholders. Because the items are high-margin, the costs of purchasing a reasonable supply and variety of items is relatively emit as compared to begin margin items that are mostlikely currently stocked in from each(prenominal) one store. The company even has an opportunity to reduce costs in the stores purchases by eliminating similar products that are lower in margin to the ones that they will be bringing in based on customer requests. Promotion of the social responsibility plan is important. With no special cost in advert, company Q offer resurrect these new healthy products in its advertising.Doing so can bring back both(prenominal) of their lost business as well as bring in new customers to the stores. This situation is a win not solitary(prenominal)(prenominal) for Company Q but is excessively a win for customers and employees. The additional profits from higher-margin items will assist the company in creating yield that are appropriate for each position and opportunities for advancement in patch up and position for its employees. This can help create an atmosphere that retains employees and reduces turnover, consequently, reducing the costs of obtaining and reproduction new employees on a rhythmic basis. Second area of advantage Donations to topical anesthetic nourishment lingos, shelters and other charities Company Q experiences a direct loss of not only the potential profit from but the essential cost of stale items that are i mpel away. In doing so, the company experiences these costs with no benefit to the company.This method of handling the old items not only costs the company dollars in loss but similarly does not allow the company to depict the benefits of a socially responsible positive image to its customers and employees. Company Qs management has taken the approach shot that by donating the solar day-old items it leaves the possibility for employees to steal from the company. A complete(a) plan of documentation for the donation subroutine will help in ensuring that the donations go where they are intended and minimize encounter of employee theft. One vary of this plan would be to have the forage desire take up the donated items on a casual or weekly basis. As part of the donation process the nutriment bank employee and the store employee would sign an armory of the items picked up. This inventory tracking could be used by the stores as proof for prospective tax deductible donation on federal official and/or state taxes. Any legal reductions in tax liability, improves profitability for the company.Company Q can benefit with a more(prenominal) socially responsible image to its customers and employees each time the food bank truck pulls up to the store and is cosmos unwavering with donated food. Food banks are not the only opportunity to show company kindliness to the community. Making donations and collecting donations from the community for stateless shelters and other worthy charitable organizations is stock-still another avenue to show the community that Company Q is active in social responsibility. Shelters and other charitable organizations are in need of items that the stores whitethorn not be able to sell to their customers for donation, but when customers and employees bring in donated items such as clothing, private appliances and possibly furniture, these items could be collected at or near the store and be picked up by these charitable organiza tions. This gives the store an opportunity to receive business from those that are dropping off donations, by personnel casualty in to the store and purchasing items that they may need for themselves and do it in one simple trip.These type of donation events can be listed in their existing advertising and give customers another reason to come by the store. Third area of improvement Create opportunities for employees as well as customers to share in the charitable activities that grow social responsibility. As part of its change in being more socially responsible, Company Q could directly involve its customers by making donation bins available in stores for customers to purchase items and donate to the food bank. denote this in the store is good, but including it in their existing ad campaign could bring in customers that appreciate socially responsible businesses. Not only is this the sale of the items additional revenue for Company Q, but it allows customers to be directly knott y in donation, which in turn creates even more grace for Company Q.In addition to customer involvement, employees can be directly involved in developing a socially responsible image of the company. Company Q could send and promote employees assisting at food bank locations. These employees could go in for one day each month or each quarter and work within the food bank in one of many areas that the food bank needs material labor for. Company Q could pay the employees their regular wages and be may able to take tax deductions for the wages paid to employees while assisting the food bank.This approach is another win for all parties involved. The food bank wins with donated labor, the employees win by being paid for the time worked at the food bank and Company Q wins by demonstrate social responsibility in its community and gaining goodwill for itself in the process. In conclusion, Company Q can develop an ethics political platform and implement a plan for social responsibility th at helps those within its community and increase its revenue and profitsin doing so.