The definition of social responsibility is “the obligation of an organization’s management towards the welfare and interest of the society in which it operates” CITATION Soc14 \l 1033 (Social Responsibility). Company Q’s attitude towards social responsibility is not satisfactory. Social responsibility of a company affects their business and the community’s opinion of the company. Profits seem to be the main concern for the company. They have a responsibility to work for their own advantage but also for the advantages of the communities that back them. Companies benefit when they undertake acting in an ethical manner to achieve their economic accountability to direct stakeholders. In a poll from Yankelovich Partners, Inc., “80% of American business is too concerned about profits, not concerned about responsibilities to workers, consumers, and the environment.” CITATION Vit \l 1033 (Source)Part B
Firstly, Company Q’s decision to close two stores in higher-crime-rate areas due to loss of money will cause a rise in unemployment, which is a hardship to the neighborhoods the stores are in. Instead of simply closing the stores, they could try to find new ways to increase revenue for the stores. They could review the vendors they use and the products they carry to see if they align with the demographics of the neighborhoods they are in. They could also try tightening up security such as installing better camera systems, alarms, as well as well-lit parking lots and store fronts to cut down on crime near their stores. Closing the two stores will only increase unemployment in an already depressed economy and will result in a loss of tax revenues for the town where the stores are. Shopping options will also be reduced by the closing of the stores. Investing some time and money in the neighborhood could additionally bring new customers to the stores
Secondly, after the request of their customer to carry new, healthy and organic products, Company Q...