Company Q And Social Responsibility
I think it’s important to identify who is being affected by Company Q’s current attitude toward social responsibility or Company Q’s lack of social responsibility. These groups are composed of primary stakeholders and secondary stakeholders. Primary stakeholders for company Q would be its employees, customers, investors, shareholders, governments, and communities that provide necessary infrastructure which are crucial to company’s Q’s survival. (Ferrell, Fraedrich, & Ferrell, 2009). Secondary stakeholders are not engaged in the day to day operation of company Q however, they can have an ancillary or indirect effect on Company Q’s economic feature. These groups include the media, trade associations, and special-interest groups. (Ferrell, Fraedrich, & Ferrell, 2009).
I strongly believe that these groups have not be favorable represent by company Q. Company Q’s action are not socially responsible.
Lack of Social Responsibility …show more content…
Justifying two store closures with one-dimensional explanations that the stores were “consistently losing money, (Ferrell, Fraedrich, & Ferrell, 2009). Company Q opens the door to assumption that the closure choice was likely centered upon the more apparent reasoning. Greater costs are linked with risk management of operations of the two stores in historical high crime districts. Company Q’s lack of a meaningful response or explanation to the community regarding these closures could lead to intense undesirable effect on the families who reside in the areas where the two stores have been closed. Company Q’s actions could create the blowback effect which could create resentment of secondary stakeholders such as media or trade associations both of which can exert considerable social and media