Business Ethics Case Analysis
Ethics and social responsibility in an industry are very important. In certain industries such as the alcohol industry there seems to be an increase for social responsibility. Due to the nature of the industry producers of alcohol are under greater pressure to be socially responsible. They are in a market that provides the basis for individuals struggling with addiction. Thanks to this growing problem alcohol companies may find it increasingly difficult to implement a social responsibility strategy.
A company with a social responsibility strategy considers five components. They apply actions to ensure the company has an ethical strategy and operates honorably and ethically. They implement actions to support charitable causes, participate in community service activities, and better the well-being of society. They try to protect and sustain the environment. Their actions should enhance employee well-being and make the company a great place to work. Their actions would also promote workforce diversity.
In some cases governments have taken the problem of social responsibility of alcohol advertising into their own hands. According to the paper “The decline of ethics or the failure of self-regulation? The case of alcohol advertising” the restrictions on alcohol advertising have increasingly been becoming an issue around the world. Some countries have imposed time and location limits on alcohol advertising. If alcohol producers in the industry incorporated self-regulation in an attempt to be more socialy responsible on their own it would provide some benefits. These benefits would include avoiding more burdensome government regulations.
In consideration of these components of a socially responsible...
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...d Freedman states that the problem of street alcoholics is far more complex than just the sale of the products. Therefore even the Wine or other alcohol providers that attempt to abandon the sales of these cheap high-proof alcohols will not fix the problem. Gallo’s attempts were following a socially responsible strategy, but in the end they didn’t prove to have the desired impact. Although that may be the socially responsible thing to do from a business standpoint the benefits are not worth the sacrifice.
It is very important for alcohol providers to have social responsibility in mind, but the actions required to be considered socially responsible may not always be the best approach. Alcohol providers must always keep in mind the impact that their product is going to have on the community, and if possible avoid any negative consequences of selling their product.
Alcoholics that are trapped so deep in the spell of alcoholism are leaving a legacy behind for those who continue to make alcohol companies millions of dollars by ruining their lives, making the wrong investment every time they purchase a bottle of alcohol; to them an “alternative route” to mask any issues they might be encountering at a particular time in their lives, and to those alcohol-making companies they are walking fortunes—walking billboards. Advertisement ads for these products continue targeting not only the already alcoholics, but also targeting underage drinkers. These alcohol-making companies can argue differently and have sworn to not be so focused on targeting people under 21. “Alcohol advertisers have pledged to comply with self-regulatory codes designed to limit t...
With the chaotic agendas of today’s companies, the competition and willingness to take risks to new levels, The alcoholic industry is no exception. Many skills are required to even just exist in one segment of the industry, and even though competition on their level is fierce, competition in other levels of alcohol knocks on their door.
Corporate social responsibility is globally defined as operating a business in a way that meets or exceeds the ethical, legal, commercial and public expectations that society has of business. The concern of CSR has drastically increased over the last two decades. It has enhanced interactions between governments, businesses, society and internationally. In the past, businesses primarily focus themselves with the economic results of their decisions. Now, businesses must also reflect on the legal, ethical, moral and social consequences of their decisions. Corporate Social Responsibility is no longer defined by how much money a company contributes to charity, but by its overall involvement in activities that improve the quality of people’s lives.
It is vital for New Belgium Brewing Company to incorporate ethics and social responsibility into their business model. They
While going through my academic program, I have learned the importance of organizations having to integrate strategic planning in accordance with ethics and social responsibility practices; it is necessary for an organization’s survival. As such, an organization needs to implement its mission, strategy, and vision while considering the stakeholders and general public. My academic program has brought me to this realization and provided me with a means to effectively associate the implications of an organization’s ethics and social responsibility from a strategic perspective. When integrated effectively, establishing these components within the organization’s strategic plan has the capacity to largely benefit the organization's daily operations, which in turn, affect overall profit.
Ferrell, O.C. (2010). Case 8. New Belgium Brewing (A): social responsibility as a competitive advantage (pp 473-479).Mason, Ohio:South-Western/Cenage Learning.
The outrage towards alcohol increased when citizens speculated that too many resources were being used to make alcohol, instead of contributing to other useful areas of daily...
Per-capita consumption of alcohol in the United Kingdom (U.K.) rose 19% between 1980 and 2007, compared with a 13% decline for all 30 countries in the Organization for Economic Cooperation and Development. That’s a shocking number to be an alcohol level. In Britain many people are concerned about the alcohol consumption level, but on the other hand scientists say that the consumption of liquor is not the problem. They believe alcohol is the solution to a deeper problem people in the U.K. have. Scientists believe that more people are drinking because depression is becoming more common. While scientist think that people are drinking to help cope with their depression, the people of Britain feel that the high level of consumption is getting higher because people are just drinking because they can. Alcoholism is a big ordeal in Britain for the fact that it is costing them about 6 billion pounds a year. The average person from Britain has fifteen and one half liters of pure alcohol to drink daily. The people of Britain think the cost is not worth it. The country won't make it much longer paying that much just for liquor. Alcohol has been around for ages and people don't assume it is going to go away anytime soon. The discovering of alcohol turned into the production of alcohol for sell. But, with the sale of it came the overuse of it. And the overuse became the abuse of it. Alcohol might not have been the best find, but it was one of the most popular finds in history.
PURPOSE: To persuade my audience NOT to drink and drive Every person is accountable for his or her own “right to drink”. Failure to treat this or any “right” responsibly has consequences. The person’s “right” can and should be taken away when the failure to act responsibly endangers others.
The corporate social responsibility is a commitment by a business to contribute to economic development while improving the quality of life for employees and their families’ as-well as contributing to the society. Walmart is a well-known company that offers customers the items they want and need at a low cost, with nearly 4,000 stores in the United States. According to the Fortune 500, Walmart was ranked number 1 in 2015. Just like any other superstore Walmart needs to continue the use of social responsibility by recreating a relationship between business and the community especially if they want to dominate the competition in 2016. The use of sustainability, strategic philanthropy, causing market, shared values, stakeholders and global perspective will help readers understand the purpose of social responsibilities in the corporate world.
So before we go in greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit societ...
The very nature and primary goal of businesses is to earn and maximize profit. However, every business is now sensitive to corporate social responsibility in which not only focuses the company itself, but also its various aspects. It is linked to concern for the continuous improvement and growth of the different community. Businesses and entities must also be viewed as a big contributor for the betterment of the economy and society as a whole. Thus, businesses partake in the responsibilities towards an improved and civilized economy.
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...
A company has an economic obligation. It must earn a favorable return for its stockholders in the restrictions of the law. But, corporate social responsibility means that organizations have also ethical and societal responsibilities that go past their economic responsibilities. CSR needs organizations to develop their documentations of their responsibilities to include other stakeholders such as workers, customers, suppliers, local societies, state governments, international organizations, etc. Ethics could be seen as a fundamental component of individual and group activities at the heart of organizations’ errands.
The Facts: Kermit Vandivier works for B.F. Goodrich. His job assignment was to write the qualifying report on the four disk brakes for LTV Aerospace Corporation. LTV purchased aircraft brakes from B.F. Goodrich for the Air Force. Goodrich desperately wanted the contract because it guaranteed a commitment from the Air Force on future brake purchases for the A7D from them, even if they lost money on the initial contract.