Management

 

Question Three

I disagree with the assertion that profits are the result of doing everything else right. By saying that the business implements everything right, they have to engage in activities such remuneration the employees above the industry standards to keep them happy. The attributes imply that the business will channel a significant portion of their revenues to pay the employees instead or using such revenues to improve the quality of their products undertaking advertisements. It additionally implies that the business needs to undertake aggressive stances as CSR activities to appeal to the customers and other stakeholders. The downside of this attributes is the fact that by channeling most of their revenues to CSR, fundamental issues as expansion, employee training as well as offering dividends to the shareholders are underemphasized, beating the logic behind the establishment of the business. It additionally implies that the business will give emphasis on offering incentives as gift cards and free merchandise to their clients, an attribute that further eats into their profits, undermining the rationale behind the operations of the business.

Question Five

The cost of the over emphasis on social responsibility by a business is the fact that they end up losing more customers than they are attracting, which results in huge losses and other cases closure of business. Over-emphasizing on CSR implies that the business is going channel the biggest section of their profits to the enhancement of the society by such interventions as engaging in clean ups, constructing parks and schools for children among others. These interventions translate into huge investments that the business incurs, diminishing their revenues to support the running and expansion needs of the business. Such a business will have to implement radical measures to replenish their revenues such as raising the costs of their products and services to try and recoup the revenue they invested in CSR. Thus, it is the consumer who bears the costs of the business that overemphasizes on the social responsibility. The additional attributes through which the consumer pay for it is the fact that they will be sold poor quality and adulterated products as the business tries to recoup their losses. The assertion that the business has an obligation to the society is an ethical premise in that the fact that some of the activities that a business undertakes have an impact on the society, it is only fair that the business takes responsibility and protects the society.

Question Six

A decision that I made in the recent is about the development of a social responsibility championing organization. The underlying intuition in the development of this body is that the corporations that are in the society have a responsibility to the consumers and all the facets of the society that are impacted by their operations as the pollution. Additionally the fact that the businesses are entirely dependent on the consumers implies that it is imperative that they also give back a portion of the profits to them regarding the CSR interventions. The political forces affected my decision in the sense that they are representatives of the society and thus will offer reliable support in championing legislations that support our course of holding the corporations responsible. The ethical basis of the decision is the assertion that giving back from the parties that are directly responsible for your success as well as protecting their wellbeing is the ethical thing to do.

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