Business Ethics Case Analysis
Ethics and social responsibility in an industry are very important. In certain industries such as the alcohol industry there seems to be an increase for social responsibility. Due to the nature of the industry producers of alcohol are under greater pressure to be socially responsible. They are in a market that provides the basis for individuals struggling with addiction. Thanks to this growing problem alcohol companies may find it increasingly difficult to implement a social responsibility strategy.
A company with a social responsibility strategy considers five components. They apply actions to ensure the company has an ethical strategy and operates honorably and ethically. They implement actions to support charitable causes, participate in community service activities, and better the well-being of society. They try to protect and sustain the environment. Their actions should enhance employee well-being and make the company a great place to work. Their actions would also promote workforce diversity.
In some cases governments have taken the problem of social responsibility of alcohol advertising into their own hands. According to the paper “The decline of ethics or the failure of self-regulation? The case of alcohol advertising” the restrictions on alcohol advertising have increasingly been becoming an issue around the world. Some countries have imposed time and location limits on alcohol advertising. If alcohol producers in the industry incorporated self-regulation in an attempt to be more socialy responsible on their own it would provide some benefits. These benefits would include avoiding more burdensome government regulations.
In consideration of these components of a socially responsible...
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...d Freedman states that the problem of street alcoholics is far more complex than just the sale of the products. Therefore even the Wine or other alcohol providers that attempt to abandon the sales of these cheap high-proof alcohols will not fix the problem. Gallo’s attempts were following a socially responsible strategy, but in the end they didn’t prove to have the desired impact. Although that may be the socially responsible thing to do from a business standpoint the benefits are not worth the sacrifice.
It is very important for alcohol providers to have social responsibility in mind, but the actions required to be considered socially responsible may not always be the best approach. Alcohol providers must always keep in mind the impact that their product is going to have on the community, and if possible avoid any negative consequences of selling their product.
Alcoholics that are trapped so deep in the spell of alcoholism are leaving a legacy behind for those who continue to make alcohol companies millions of dollars by ruining their lives, making the wrong investment every time they purchase a bottle of alcohol; to them an “alternative route” to mask any issues they might be encountering at a particular time in their lives, and to those alcohol-making companies they are walking fortunes—walking billboards. Advertisement ads for these products continue targeting not only the already alcoholics, but also targeting underage drinkers. These alcohol-making companies can argue differently and have sworn to not be so focused on targeting people under 21. “Alcohol advertisers have pledged to comply with self-regulatory codes designed to limit t...
With the chaotic agendas of today’s companies, the competition and willingness to take risks to new levels, The alcoholic industry is no exception. Many skills are required to even just exist in one segment of the industry, and even though competition on their level is fierce, competition in other levels of alcohol knocks on their door.
PURPOSE: To persuade my audience NOT to drink and drive Every person is accountable for his or her own “right to drink”. Failure to treat this or any “right” responsibly has consequences. The person’s “right” can and should be taken away when the failure to act responsibly endangers others.
So before we go in greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit societ...
Do you agree with Schmeltekopf that business schools are not preparing students well for the for the ethical challenges they will face in the workplace? Why or why not?
Explain the connection between the economic model of corporate social responsibility and “free market” or “neoclassical” economic theory.
The outrage towards alcohol increased when citizens speculated that too many resources were being used to make alcohol, instead of contributing to other useful areas of daily...
Ferrell, O.C. (2010). Case 8. New Belgium Brewing (A): social responsibility as a competitive advantage (pp 473-479).Mason, Ohio:South-Western/Cenage Learning.
The company should embrace its social responsibility and not to be solely focused on maximizing the profit. The welfare of the firm’s employees, customers and the communities should be safeguarded. Companies have the ethical responsibility to provide a safe working environment for their entire employees and avoid polluting the environment and also to produce safe products. It is also increasingly being used as a measure of overall company’s performance. According to the International Organization for Standardization (ISO) this relationship to the society and environment in which they operate is a serious factor in their ability to continue to operate effectively.
The modern world lives in conditions of pressing social problems. In this regard, the importance of social responsibility of business, companies and organizations associated with the development, manufacture and supply of goods and services, trade or finance, is high as never before. Only they have major financial and material resources to work out solutions for the world’s social problems. Business leaders’ understanding of the key values and their leading role in this matter has led to the birth of the idea of "corporate social responsibility" in the late 20th century. It has become an essential part of the concept of sustainable development, which is not only relevant for businesses, but also for humanity as a whole.
In mid-20th century, the concept of Corporate Social Responsibility (CSR) was introduced into corporate’s business activities. In recent years, CSR became an important factor for corporate’s sustainable business practice, growth and competitiveness. The nature of CSR is an obligation to maximize its positive impact and minimize its negative impact on society. Carroll (1991) listed the pyramid of CSR, which includes four levels. The four levels ranked from bottom to top are economic, legal, ethical and philanthropic. Economic means “Be profitable” and is the foundation upon which all others rest. Legal means “Obey the law” and requires corporates to play by the rules of the business activities and society. Ethical means the business activities conducted by corporates have to be right, just and fai...
The very nature and primary goal of businesses is to earn and maximize profit. However, every business is now sensitive to corporate social responsibility in which not only focuses the company itself, but also its various aspects. It is linked to concern for the continuous improvement and growth of the different community. Businesses and entities must also be viewed as a big contributor for the betterment of the economy and society as a whole. Thus, businesses partake in the responsibilities towards an improved and civilized economy.
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...
A company has an economic obligation. It must earn a favorable return for its stockholders in the restrictions of the law. But, corporate social responsibility means that organizations have also ethical and societal responsibilities that go past their economic responsibilities. CSR needs organizations to develop their documentations of their responsibilities to include other stakeholders such as workers, customers, suppliers, local societies, state governments, international organizations, etc. Ethics could be seen as a fundamental component of individual and group activities at the heart of organizations’ errands.
The Facts: Kermit Vandivier works for B.F. Goodrich. His job assignment was to write the qualifying report on the four disk brakes for LTV Aerospace Corporation. LTV purchased aircraft brakes from B.F. Goodrich for the Air Force. Goodrich desperately wanted the contract because it guaranteed a commitment from the Air Force on future brake purchases for the A7D from them, even if they lost money on the initial contract.