TASKSTREAM 310.2.1 – Ethical Issues in Business At a time when many small, local, independently owned stores are being overtaken and overwhelmed by much larger retail entities, some of these smaller retail providers are striking back at the behemoths by increasing their social responsibility footprint, and participating in the revitalization of their communities. However, in Company Q’s case, their commitment to corporate citizenship could use a little help. After closing stores in less-than-desirable neighborhoods due to lost revenues, responding slowly to repeated customer requests for popular items, and finally refusing to participate with their community food banks due to concerns that employees might steal donations before they could be delivered, Company Q needs to take a closer look at their attitude towards social responsibility. Social responsibility can be divided into four interrelated areas, with each part providing a foundation for the ones that follow. At the base is economic responsibility, with its focus on providing wealth and value for stakeholders.
Manager could play a very important role in a team. He can inspect the producing process which could avoid irresponsible operator making wrong decisions. Secondly, the inventory control is really poor. Their inventory had not been taking good care of. Paul even admitted that maggots are able to get into the bags of their ingredients in the warehouse.
Surveillance helps store owners determine if their employees or customers are stealing from them, it helps homeowners manage their property and know if their family is in danger, and it helps corporate buildings manage the large number of people who walk in and out of the building. In these cases, surveillance helps these people manage their properties but there are situations in which surveillance may be inappropriate. For example, placing surveillance cameras in fitting rooms of clothing stores is unethical because it is an invasion of people’s privacy. People disrobe in the fitting rooms and it is not allowed for cameras to record in these
And also due to the shops closing, the people ended up loosing there jobs. As a consequence to this, Parts of Cornwall and definitely Boscastle saw permanent drop in house prices due to the lowered economy and the additional risk added for a flood risk. ‘The Guardian’ stated that the house prices had almost halved! Tourism was a main economical strength in Cornwall. With it being responsible for 35% of the Cornwall’s GDP by raising an average of £1 Billion per year!
Fewer operational costs will translate to lower selling prices for their products. Some companies also suffer due to recession as their revenues reduce to a point where their operational costs are higher than their revenues; their net revenue is equal to zero. When there is no revenue being generated then it would make no sense for the business to continue to exist. They will shut down permanently and reduce the number of employment opportunities. Lack of employment opportunities will mean that the boomerang kids will not be able to sustain themselves when they leave their parent’s house.
A whistleblower is a person who has knowledge of illegal activity going on within the company that management and other executives may not be aware of and they notify the appropriate person to put a stop to the illegal activity. An example of whistleblowing would be an employee knows that two other employees steal clothes from the store when they close together. The two employees have a routine of how they steal the merchandise and not get caught. The employee who knows about the activity going on reports this to the store manager so the two employees who are stealing will be caught and terminated with possible charges brought against them. 3.
The decline is significant because it is a measure of operational productivity. In the case of Leon’s Furniture, some of the decrease may be attributable to the economic decline and the accompanying reduction of construction and home improvement expenditures. The current economic client and comparable store sales figures will force Leon’s Furniture to increase its focus on finding a merchandise mix that attracts more customers. All of Leon’s stores are scattered distribution, if people want to buy any Leon’s products they need cross half town or even more to get there, and it is not convenient for people who want to go to Leon’s. It is too far and inconvenient for them to get to the store and buy.
US industries were producing more goods then it could sell, this is bad because if the people are not buying goods it becomes useless and people needed to but them so that the economy grows but instead people didn’t buy because they had them already, therefore it was wasteful as no one wanted to buy, so it decreased the wealth of the economy. The most important reasons why the Wall Street crash happened were; the speculation ‘on the margin’, this was important because buying shares with a banks money and not being able to repay
Wal-Mart’s sales were growing, and that meant that Target’s sales would go down since consumers preferred Wal-Mart for Target. The inability of Target’s managers to identify a solution to the problem of dropping sales and develop a viable course of action also affected Target’s performance. Another micro environmental factor was the thriftiness of customers all over America, which endeared them to Wal-Mart. The impatience of Target’s shareholders and the pressure they exerted on the company’s board to deliver was also a major factor. The marketing strategies that were adopted by the management also failed to turn things around.
Wal-Mart’s sales were growing, and that meant that Target’s sales would go down since consumers preferred Wal-Mart for Target. The inability of Target’s managers to identify a solution to the problem of dropping sales and develop a viable course of action also affected Target’s performance. Another micro environmental factor was the thriftiness of customers all over America, which endeared them to Wal-Mart. The impatience of Target’s shareholders and the pressure they exerted on the company’s board to deliver was also a major factor. The marketing strategies that were adopted by the management also failed to turn things around.