Essay on Company Q 's Current Attitude Toward Social Responsibility

1376 Words Jul 26th, 2016 6 Pages
Identifying Stakeholders
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
The closed stores were located in a historically high crime area. 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…

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