Est1 Task 310.2.1-05
1273 words 6 pagesEST1: Task 310.2.1-05
Opportunities for Company Q to lead in the area of social responsibility
Company Q’s attitude towards social responsibility appears to be nonexistent, possibly through ignorance or disconcert. Either way the lack of social responsibility affects their business and community’s perception of their business. It appears that the company management has never developed and ethics program that clearly defines the corporate culture including provisions for social responsibility. Profits, or at least a lack of losses appears to be a primary motivating factor for company Q's management’s decisions. Company Q has been attempting to cut losses by closing stores that were losing money instead of finding innovative ways to …show more content…
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 also does not allow the company to reap the benefits of a socially responsible positive image to its customers and employees. Company Q’s management has taken the approach that by donating the day-old items it leaves the possibility for employees to steal from the company. A thorough plan of documentation for the donation process will help in ensuring that the donations go where they are intended and minimize risk of employee theft. One part of this plan would be to have the food bank pick up the donated items on a daily or weekly basis. As part of the donation process the food bank employee and the store employee would sign an inventory of the items picked up. This inventory tracking could be used by the stores as proof for prospective tax deductible donation on federal and/or state taxes. Any legal reductions in tax liability, improves profitability for the company. Company Q can benefit with a more socially responsible image to its customers and employees each time the food bank truck pulls up to the store and is being loaded with donated food.
Food banks are not the only opportunity to show company philanthropy to the community. Making donations and collecting donations from the community for homeless shelters and other worthy charitable organizations is yet another avenue to show