Company Q Corporate Social Responsibility

810 Words2 Pages

Introduction All successful organizations have a social responsibility to their stakeholders. This includes everyone who may be involved with the business. Shareholders and employees rely on the success of the business due to their personal investment in the company. The customers and the community also desire a socially responsible organization for their personal needs such as access to cheap quality goods and a thriving environment. Social responsibility to stakeholders has governmental oversight and laws which must be complied with. Such laws include labor laws and the Sarbanes Oxley act. If an organizational leader wants to be successful, the goal for this individual or group should be to do everything within their power to maximize profit and performance. A business that aims to be profitable has a secondary effect which makes all stakeholders happy and …show more content…

Although there is a concern over theft and abuse, company Q has a greater responsibility to all stake holders at every level of the organization. Donating day-old products is a clear path to gain popularity and prestige among the community. Unless it is a business focus to sell day-old products, the organization must discard these products regardless of cost. Many companies and industries are not trusted by the public. This has been an ongoing issue for decades. Any successful organization should be aware of this reality and must do whatever is required to excel. Company Q also claims that employee fraud and abuse is a threat to profit loss. But Company Q is responsible for screening employees at the hiring stage and the organization has a responsibility to establish a professional culture for employees to adopt. If a company cannot trust its employees then certain employees should not be hired in the first place. Fraud and abuse sounds like a good excuse for the company throwing away day-old products but it is

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