Ethical situation in business Essay Example | Topics and Well Written Essays - 750 words

Ethical situation in business - Essay Example The laws of the government should be such that it will provide desirable outcome and easier enforcement. And the agents of the society engaged in the civil functioning leads to promote security to the individuals in the society (Avina, 2009, p.1). The social responsibility of company in closing down the firms and later on reopening (requested over years) the firms dumping of food instead of donating it to the food banks was a good decision towards social responsibility of the company. The company can lead to the improvement of the situation within the community with the help of coordination with the community leaders and the members of the society in order to reduce the intensity of crime rates in the concerned area and lead to the establishment of optimal policies which will be implemented. The firm may also focus on the dimensions of objective performance assessments and that of policy prescriptions paradigm which will be based upon the crucial assessments of the societal trends an d best care practices predominant in the local as well as global chain of network (Avina, 2009, pp.1-2). One of the most important ways in enhancing the social responsibility of the company is to properly scrutinize the utilization and visibility of the investments made by the company. The firms would be highly vigilant so that their investments are not under-utilized and that impact should be lowered intensively (Young, 2012). The company should also focus more stringently on the internal practices and control of the staffing management for enhancing the social responsibility of itself. The company must be highly strong in the explicit and the visible support with respect to the commitment from the senior management for the purpose of maintaining the internal controls, ethics and compliances programs or devising strategies which would directed towards the prevention and curbing of bribery and mal practices within the organizations which further accentuates the crime rates of the ar ea. The system of the financial and accounting procedures along with that of systematic internal controls will be highly essential for ensuring the maintenance of fair as well as accurate book records which would be guaranteeing that no amount of money is spent in bribery as well as expropriation by force and coercion. The ethics and compliance program should be also strong enough in the prevention and detection of the foreign bribery (Good Practice Guidance on Internal Controls, Ethics, and Compliance, 2012). The company may work with the other businesses and small scale companies hand in hand which will provide benefits to the company as well as the businesses and companies in collaboration. Working with the other organizations will create a social unity which can be manifested in fighting against the crime rates. For a strong internal control, the company may engage loss prevention personnel patrol within the shop itself who will act as real shoppers. They will act as persons who will be trying on different merchandise and stuffs in the shop and simultaneously be vigilant on the shoplifters and thieves and shall stop them while leaving the store. The patrol must be totally sure that the crime has been committed by the convict. In this world of cut throat global competitiveness a large number of retail companies are applying this technique and the personnel must be following strict rules although there is a very high liability risks attached

Study case3 Case Example | Topics and Well Written Essays - 250 words

Case3 - Case Study Example Despite the poor performance, 25% of the company’s revenue is generated from beauty products sales that has brought forth highly innovative product under the leadership of A.G. Lafley as the CEO. Under his first tenure (2000 to 2009), P&G undertook various creative innovations that saw to double increase of its products sales. As the CEO, A.G. Lafley has come up with various measures that are aimed at propelling the company’s profitable sales of its products. The company has been pruning some of its production segments which include the selling of pet food producing segment to the Candy Bar and Pedigree-maker Mars Inc. for $2.9 billion which is enough cash to undertake innovations and reinvest in the growing shaving, baby care, beauty and fabric segments (Brown, Bruce, and Scott D. Anthony 42-56). In 2010, the company revealed a sustainable program to drive 20% reduction in energy used for every unit of production by the year 2020. This has cut down energy consumption by 8% per unit, and also continues to introduce energy management systems at new locations that will help the company save millions of dollars. Moreover; P&G has engage momentous mechanisms to enhance productivity, counting a five-year cost savings initiative that will last through 2016. Through this, Proctor and Gamble CO. Targets to save $10 billion in costs related to goods traded, marketing expenses and non-manufacturing expenses. This program helped the company save $1.2 billion in cost of goods sold in the fiscal year 2013. The company has also incorporated a reshuffling process of its worldwide sales operation, combining Eastern and Western Europe into the single transaction. While the other combination is for India into its African and Middle East operations aiming at organizing the sales distribution in parallel geographical location and cutting cost (Brown, Bruce, and