Essay on Company Q Evaluation

585 Words Aug 9th, 2015 3 Pages
Company Q Evaluation:
According to College of Business of Guidelines
Western Governors University

This is paper is evaluation of Company Q’s current attitude towards social responsibility. Three detailed recommended actions are given that can improve Company Q’s action toward social responsibility.

According to the International Organization for Standardization, “Business and organizations do not operate in a vacuum. Their relationship to the society and environment in which they operate is a critical factor in their ability to continue to operate effectively.” (Online Browsing Platform (OBP), 2014)
Closing stores in a higher crime rate areas is only counter-productive for the company and the community it
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Develop a business relationship with local farmers and manufactures. If bringing new products that consumers request affects Company Q’s bottom line, buying local will eliminate this. Introducing health conscience and organic elements is a great way to increase revenues for years to come. Consumers are increasingly want more choice not to mention products that contain ingredients they can actually pronounce, but overall it needs to be affordable. Focusing on new supply chains will help get items to the shelves quickly and still be cost effective.
Create a “goodwill” committee. This committee’s sole responsibility should be work to with communities that Company Q serves. This should go a step further than just donating to the area’s food bank. The committee should create fundraisers and outreach programs. Get the community involved. Donate back to school, churches, hospitals, and etc. Become sponsors of local events and create awareness. When a business’s respect within its community goes up losses due to thefts will naturally come down.
With these recommendations all stores with be back into profit mode. Company Q will be ready to expand to new emerging markets once the work culture changes. Company Q’s performance on social responsibility can influence its competitive advantage, reputation and ability to attract quality workers. Following the recommendations Company Q will maintain a positive view from investors,

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