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Identify a business in your local community

Economics

Identify a business in your local community. This can be your current place of employment or a business with which you are familiar.
Develop a 1,050-word examination of the ethics and social responsibility practices within the organization. Include the following in your examination:
Select a business decision made within the organization.
Identify the potential ethical implications associated with this decision.
Determine the effect this may have on the decision making process.
Identify how the organization applies corporate social responsibility to the business.
Evaluate the influence that corporate social responsibility has on the organization.
Discuss the application of critical thinking to corporate social responsibility.

 

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A business decision is a critical issue, and all companies must decide to continue their relevance in the industry. In one way or another, the findings by a business will determine its fairness in the future. Therefore companies ought to make essential business decisions. This paper will focus on a company, see how it makes the decision, and look at its corporate social responsibility.

Cardiac Inc is a local technology retailer that deals with retailing, marketing, and consumer electronics supply to the city and its environs. The company was founded in 2004 through collaborations of three former students of Reinhold College. The three founders included an Information Technology expert, a significant supply specialist, and a foremost marketing specialist. These young men had a vision of making technology accessible to as many local individuals as possible. They currently have ten shops, including six located in the Central Business District, and the remaining four are located downtown. They have 100 employees, with each shop having at least ten employees attached to it. In addition to retailing consumer electronics, Cardiac, Inc also brands, markets, take tenders, and specialize in designing technology. This company has a website and retails online, and their customers can shop for their products at their comfort.

‘Going green’ is the business decision Cardiac Inc took to woe more clients and protect the environment from the harmful effect caused by electronics. The business decision codenamed 'Go Green 101' included several measures that will protect the domain from the detrimental impact of e-waste and by helping our clients and customers handle this waste. The 'Go Green 101' included the following measures: 1) an extensive recycling program whereby the clients will be given a warranty that allows them to return their worn-out electronic goods to the shops, which can then be reevaluated. They are, and a new production chain is given to them at a discount. For used batteries and dead electronics, we can help our clients to dispose of them. (2) Evaluate our suppliers for the quality of their product and see if they reach the standard of environmentally friendly product. (3) Educate our customers on eco-friendly practices, not only on our products and also on their products. (4) The company also will create eco-friendly policies for reducing the electronics and other waste in the company. In addition, minor decisions included setting timers to turn lights off at night, and use of refurbished furniture for our new offices, and the overall adoption of environmentally friendly practices (Curwin & Slater, 2002).

The 'Go Green 101'decision, was expected to create negative and positive ethical implications for the business. Some of the favorable decisions include: (1) achieving the health and safety of our products, eliminating environmentally harmful effects, and cutting off rogue products from our shelves. (2) Creation of good customer loyalty and responsibility because the company expects to create a rapport with the customers. However, this decision was to have a negative implication. Some of them including (1) Dissatisfaction of some shareholders, the company expected some profit some suppliers who could not comply with the decisions. Therefore separation was expected, and clients will be unappreciative of the environmentally friendly products( Griseri, & Seppala, 2010).  

Cardiac Inc applies corporate social responsibility by conducting business practice alongside initiatives that benefit its internal and external society. The corporate social responsibility of this company ranges and covers a broader scale. The first corporate social responsibility is implementing the 'Go Green 101' by which this company aims to play a part in reducing environmental pollution while preventing further environmental damage. Through recycling and buying back the default and dead electronics so as t properly dispose of this e-waste in an environmentally friendly manner. Secondly, the company has opted to offer a free extension program to its customers to teach them ecologically friendly ways of handling electronics and more e-waste. Cardiac Inc also adheres to ethical labor practices b ensuring that its entire staff is treated fairly and responsibly. The company ensures that it adheres to labor laws and the employees are paid on time, and their issues are sorted in an honorable manner. Lastly, the company carries out various volunteering work to ensure that society is impacted fully. Apart from offering free extension practice, the company also partners with several charitable organizations in carrying out charity work. For instance, the company had helped install free public WIFI in the City hall (Maximiano, 2007).

The company is handsomely giving back to society, considering the initiative to decrease e-waste and help conserve the environment. It can be said that Cardiac Inc has a beautiful sustainability policy. By educating the public and helping the public understand the methods of managing e-waste, the company provides a solution to one of the world's most significant and critical problems. However much the company is still small in size. Still, list initiatives are mammoth in length and an inspiration to other companies not to focus only on profit maximization but also to give back to society. The other side of the coin is that Cardiac Inc is overworking itself. For instance, it cannot solve all the world’s problems. Considering its small size and the efforts it putting might backfire to it and, in the long run, make it lose a lot of financial ground because all the imitative it putting involves the expenditure of money.

The name Cardiac is an Italic word meaning 'heart.' It is critical to say that the company is leaving out its name. Considering the company's small size, the company has supposed all odds to find as a ground to how it’s genuine self towards helping out humanity. Looking from another angle, the compo any might also not be in a position to solve all the problems in the world. Therefore it's a consideration that the company should adopt a single corporate social responsibility and capitalize on that.

In conclusion, Cardiac Inc is the first rising company and attributes its growth. The company has just decided on adopting a green strategy to conserve the environment. The company adheres to positive corporate social responsibility. Therefore, the company is on the right track and hoping for a clear and prosperous future.  

    • A business decision is a critical issue, and all companies must decide to continue their relevance in the industry.
    • Cardiac Inc is a local technology retailer that deals with retailing, marketing, and consumer electronics supply to the city and its environs.
    • ‘Going green’ is the business decision Cardiac Inc took to woe more clients and protect the environment from the harmful effect caused by electronics.
    • The 'Go Green 101'decision, was expected to create negative and positive ethical implications for the business.
    • Cardiac Inc applies corporate social responsibility by conducting business practice alongside initiatives that benefit its internal and external society.
    • The company is handsomely giving back to society, considering the initiative to decrease e-waste and help conserve the environment.
    • The name Cardiac is an Italic word meaning 'heart.' It is critical to say that the company is leaving out its name.
    • In conclusion, Cardiac Inc is the first rising company and attributes its growth. Top of Form

 

 

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