Company Q and Social Responsibility Essay

Evaluation Company Q’s attitude toward social responsibility reflects a negative reputation on them as a corporation in their current community. The geographical location in a major metropolitan area should sustain the business with a solid consumer base and maintain reliance of current investors. However, they closed two stores in high crime areas for consistently losing profits, waning investor trust and damaging employee faith. The decision to close the stores limits their ability to be socially responsible to its stakeholders and potentially contributes to the areas crime level. Customers requested health-conscience and organic products for years before it was finally stocked in limited amounts. Company Q ignored earlier requests from their customers and created a deficiency in establishing long-term relationships. The company needs to demonstrate a better approach for customer satisfaction by building long-term relationships and reflect a more socially responsible corporation to not only customers but all stakeholders. Donating to the local food bank would also demonstrate a better attitude towards social responsibility, yet Company Q’s management rejects donation requests claiming potential fraud and theft from employees. The company deteriorates employee commitment and trust in the corporation by insinuating that employees might steal if they handle donations. If Company Q maintains the existing attitude toward social responsibility they may find themselves closing every store in the future. Recommendations Action 1 Company Q can upgrade their current attitude toward social responsibility by addressing their ethical culture and ability to be a profitable company. Company Q will need to develop a financial plan, set financial goals, and identify areas of unreliable returns that will capitalize on investor  wealth. If action is taken to address poor financial returns, the company will not have make decisions to close stores because of consistently losing profits. Next Company Q needs to integrate an ethics program throughout the corporation that will lay the necessary ground of promoting an ethical culture. This ethics program should be designed by the company’s management to guide employee conduct, generate better-quality decision making and discourage potential theft from company employees. Management should then launch training courses with quarterly workshops and incentive packages which motivate employees to exercise guidelines. Employee trust is critical and laying an ethical foundation for employees to follow Company Q needs to begin at the upper management level. To be an effective program the company needs to educate upper management so that they initiate the standards and lead by example. Management of Company Q will have a stronger impact if they practice the ethical standards and set the standard to employees. The combination of executing an ethics program and improving the financial condition of Company Q is a major stride in social responsibility. As the company’s ethical culture develops and investor confidence and wealth returns, Company Q‘s overall integrity grows, thereby demonstrating a more socially responsible image. Action 2 Company Q took years to respond to multiple requests by customers for providing health-conscious and organic products. A current trend in society has increased awareness to be more health conscious. Customers are asking for these high margin products because they want them to be available for purchase. Company Q needs to listen to the desires of their customers and supply a broader selection of the higher margin items. By doing so Company Q forms stronger relationships with customers and increases their commitment to make purchases at the store. Customer relationships improve as more sales of the requested products increase and profit margins will begin to rise. Company Q needs to also set up a request station where customers can write down requests of products they would like to see available for purchase. The company can use these requests to poll which products that  the customers would most likely want to purchase. This way Company Q can zero in on satisfying their customers and eliminate products that have the least amount of demand. A second opportunity that presents itself is establishing new supplier relationships within the local community by generating partnerships between Company Q and organic producers. By the company forming new relationships with local producers the local economy is strengthened and new development encouraged in the community. The purchase of organic products from local vendors will also keep transportation expenses down and Company Q can then forward that savings to customers by offering lower prices. Company Q would benefit greatly from this action by offering a broader range of health conscience products and partnering with local suppliers. These relationships will supplement Company Q in changing their approach to being socially responsible. Action 3 A third recommendation is to revisit the decision of donating day-old products to the area’s local food banks. By denying the request all together and opting to toss out the day-old products is damaging to Company Q’s image. The company needs to exhibit accountability to society by supporting their local food bank illustrating community support by offering day-old products to their local food bank. Company Q should then monitor donations with a checks and balances system which would allow management to track the process of donations and reduce concerns of employee theft. The company will reveal positive decision making by donating instead of tossing the day-old products in the trash. The decision to be charitable through regular contributions will demonstrate to employees, investors and other stakeholders that Company Q is changing their attitude toward social responsibility. Conclusion Company Q should implement the above recommendations to become a more socially responsible corporation. Taking action of their profitability, promoting an ethical work place environment, and giving back to the community are the strategic actions necessary to attest Company Q’s changing  attitude towards social responsibility. The company will continue to suffer consequences for failing social responsibility if changes in their approach are not taken.

Literature Review Essay Example | Topics and Well Written Essays - 1000 words - 3

Literature Review - Essay Example This paper analyses the recession and its influence on Indian ship breaking industry. The article Effect of recession, written by Nagpal N in 2008 has mentioned that the unemployment increased a lot because of recession. He has also mentioned that the companies forced to cut down their expenditure on advertising and media activities because of recession. Stock markets all over the world have shown negative results because of recession. Those who invested in housing, car, security and insurance schemes suffered lot of damages. Expatriates in America from countries like India lost their jobs and started to return because of the recession. As the dollar value falls, the American economy started to decline. The cheap goods manufacturers, China and Thailand like countries were also suffered lot of problems because of their market loss in America (Nagpal, 2008). The article Impact of global recession on India by Sonia Verma explained recession in terms of demand, inflation and deflation. Indian companies getting good outsourcing businesses from America and any economic problems in America may affect India also. Exports to America from India also suffered major setback because of recession. America stopped new hiring which is another concern for the Indian expatriate community in America. Around one crore persons could loss employment because of recession in America itself in a financial year. IT industries, financial sectors, real estate owners, car industry, investment banking and other industries were the major sufferers of the current recession (Verma, 2009) The article Recession proves to be a boon for ship breaking at Alang, reported heavy business in Indian ship breaking industry during the current recession period. It reported that companies docking vessels for disposal to avoid a downturn in freight rates. Rising steel prices,

Translation Technology (Experience of using SDL Trados 2014 and its Essay

Translation Technology (Experience of using SDL Trados 2014 and its impact on translation method) - Essay Example The window opens presenting option for the Welcome view allowing an operator to open the Home tab. The subsequent process involves clicking the â€Å"Translate single document†. This gives a chance for opening document window whereby one can check the correctness of the source and target language as shown in figure 2. A new Translation Memory (TM) is set up by clicking â€Å"create† and then selecting â€Å"New File-Based Translation Memory†. The figure 3 below describes the process used in setting up New Translation Memory Window. In which case, a new TM name is entered (Translation Test). Next process involves browsing a folder for storing the TM and counterchecking on the source language and target language whether they are in alignment with the assignment. Character- based concordance search is enabled to allow efficiency during searching, especially when using a group of characters for the search. The file then opens in the Editor window giving a chance for translation. The translation is typed by clicking tin the first segment found in the target column. By clicking Ctrl+Enter, the first segment is confirmed and sent to the TM. Translating the other segments follow the same process aforementioned. The bilingual .sdlxliff file is saved (ctrl + S) in the folder where the source file was saved. Further, the target file is saved by clicking Shift + F12. This signifies the end of the process and the studio is closed by clicking Alt+F4. The following figure shows a sample of translation obtained when using the software: The SDL Trados 2014 translation process bears impacts on translation method as evident in a number of features it contains. Various features associated with using the software contribute distinctly to the impact of the software as will be discussed. These features yielding impacts include Global tag verification, alphanumeric strings,

Chinese Cheap Labor And Unemployment In Europe Countries Research Paper

Chinese Cheap Labor And Unemployment In Europe Countries - Research Paper Example Many western and European production oriented companies started reducing their operations in their native countries thus resulting in job cuts. As this trend continues unabated, concerns of increasing unemployment figures are being expressed by analysts. Countries like the US, UK, and Germany are considered to be the ones from where multinational companies have moved their operations eastward. It is widely believed that opening of economic policies results in mutual benefits for the trading nations, but when it is felt that jobs are being taken away from one country and handed over to another country, then it gives rise to a peculiar social sector problem. The United States of America recently saw a political campaign, during which outsourcing and increasing unemployment figures were big issues. Therefore, it becomes all the more necessary for the US government to get to the depth of the issue and try to figure out an acceptable solution. If we take a look at look at the figures of US trade with China during the last 10 years (during the period 1999-2008), we find that the trade deficit has indeed widened between in favor of China (US Census Bureau, 2009). It is therefore quite clear that while on the one hand, the Chinese dominance is increasing by leaps and bounds in the US market, the US exports to China have not been able to match the import figures. In fact, today China has literally become a talking point at all international forum. Besides some of the issues involving human rights, Tibet, Taiwan etc. the rapid progress made by the country on the trade and industry front has provided a leading edge to China. Supplies of cheaper goods to countries around the world, hazardous paints in toys etc. are also being discussed as the shortcomings arising out of China in the recent past.

Is Theseus an example of a typical ancient Greek hero Essay

Is Theseus an example of a typical ancient Greek hero - Essay Example The story follows the same motifs that are followed by other hero stories. These motifs include the background of the hero, the heroic tasks accomplished by the hero, his love life and his downfall due to his own mistakes. Similar to several other Greek hero stories, the story of Theseus even focuses on the background of the heroes. Lord Raglan has provided events that occur in the lives of a Greek hero and some of these events relate to the background regarding the birth of the hero. Raglan states that a Greek hero is mostly born to a royal mother and his father is either mortal or an immortal person (Dowden 104). The father of a hero in most cases is either a God or a King. In Theseus case, he was actually born to a king named Aegeus but was brought up by a king named Pittheus who was also his grandfather (Grant 14). Raglan even states that just before or just right after the birth of a Greek hero, the child is tried to be killed by his own father or even by his own grandfather. In the story of Theseus, he was not tried to be killed by any of his relatives at birth. Raglan even noted that most of the Greek heroes are brought up by either one of the parents or by parents who are not related to him by blood. In case of Theseus, he was brought up by her mother, but he even had his grandfather as a father image and is not brought up by foster parents. Furthermore Raglan argues that when the Greek hero grows up or reaches the life stage of manhood, he is informed about his actual father and later sets out to claim the kingdom he is going to control in future (Dowden 104). In case of Theseus, his mother later informs him that his father is a King and guides him to perform a task that will prove to the king that Theseus is his son. He completes the task which is to lift a stone and obtain the sandal and sword of his father and sets out on a journey to meet his father and live under his father’s Kingdom. Another important element of a heroic story

Freuds Ideas Remain Influential Even When They Seem Implausible Essay

Freuds Ideas Remain Influential Even When They Seem Implausible - Essay Example According to Freud, the ego comes about during the infancy stage of human development and the goal of this aspect of mental development is to find satisfaction for the desires of the id but in a manner which is safe (Freud, 2010). While the id is mostly dominated by the instincts of the individual, the ego is dominated by reality and despite the fact that it works towards the fulfilment of the desires of the id, the ego can be said to be based on the control of these desires so that they do not get out of hand. The ego, therefore, functions not only in the unconscious level but also in the conscious level and this ensures that there is a balance between the two. The superego, on the other hand, develops during early childhood when the child comes to identify with the parent of the same sex, and this parent becomes the compass for the child’s moral development. It is the superego which is responsible for the development and upholding of moral values among individuals as a means of ensuring that they behave in a manner which is in accordance with the values and norms of the society. Moreover, it is responsible for the feelings of guilt which afflict individuals when they commit acts which go against the values of the society (Freud, 2013), and this enables them to correct their mistakes. According to Freud, there comes a time when there are conflicts between the id and the superego and when this occurs, it is normally the role of the ego to act as a mediator and to decide the best course of action that can be undertaken to solve the conflict. It is because of this that in some cases, the ego puts in place defence mechanisms which are designed to ensure that it is not overwhelmed by anxiety and this enables it to make the right decision about what to do.  It has been declared that the theories brought forth by Freud, while very good at providing explanations for behaviour, are not quite good at making predictions for the possible occurrence of such behavi our. It is for this reason that there has arisen a belief that Freud’s theories are not scientific because they can neither be proven false nor true. An example of such a scenario is the determination of what takes place in the unconscious mind because of the fact that this is something which cannot be tested or measured in an objective manner (Levin, 2010). It is because of this that it is believed that the theories propagated by Freud are neither scientific nor do they have objectivity. Because of the relatively few samples that he used, it has been declared that Freud’s studies and results were unrepresentative of the general population since he mainly made studies of himself, his patients and only one child. Since most of the studies consisted of his patients, mostly women of middle age.  

Raising Individual Financial Awareness Essay Example | Topics and Well Written Essays - 1250 words

Raising Individual Financial Awareness - Essay Example One type of personal pension is a defined contribution pension, also known as money purchase scheme, which is bought by contributions made by the employer and the employee. Defined benefit pension, also known as final salary schemes, is another type of pension scheme wherein the benefits are paid based on the scheme rules such as time and changing salary levels and mortality rates, etc. The best way to differentiate between the above mentioned 2 schemes is by identifying the riskholder. Employer is the risk holder as he underwrites the vast majority of costs attached with defined benefit schemes. Employee or the scheme member is the risk holder as contributions are paid back at fixed levels, therefore if the contribution rates are not increased when the returns are poor, the retirement benefits will also be lower than they had planned for (TSSA). Bill Murray, in case of , defined contribution scheme, can increase his contribution if he feels it is necessary to increase his pension. T herefore in case he wants to have ?18,000 as his annual retirement he needs to increase his pension pot to ?284,000, assuming ?100,000 pension pot fetches on average ?6341 to a healthy 65 year old male (Annuity). In case of, defined benefit pension he will know roughly how much he will get, as the amount will depend on the length of time he has worked and his final salary. Therefore, if the scheme is based on 60ths i.e. Bill will get 1/60th of his final salary for his pension each year, and assuming he has been working for 42 years, his final salary should be ?25,714. This should be easily achievable because the average salary in 2010 for marketing was ?37500 (ITJobsWatch). Bill Murray should choose the defined benefit scheme because it gives him certain amount irrespective of the state of the economy. The scheme will also pay him more if his salary is anywhere close to the average salary if not more. Government has proposed to s include an option for a flat rate State Pension of ar ound ?140 a week for a single person and change in the limit of state pension age (DirectGov, State pension Reforms). The reason behind is the need to meet the needs of future pensioners, who are saving lesser, and with people living longer, the burden of pension also increases on the Government. Part B Houses bought to be rented out should have a buy to let mortgage, which is often interest only. The full amount that was borrowed is repaid at the end of the mortgage. Buy to let mortgages often require the rental for the property to be a set percentage above the mortgage repayment (Mortgages). HSBC’s tracker rate mortgage is suitable for Annie. It has a repayment rate of 3.99% plus base rate and costs ?1499 to set up (HSBC). Table 1 below estimates if buying a flat and renting out is a worthwhile investment. The below estimates are based on an assumption the flat is occupied by tenants for all 12 months. Table 1: Estimates of renting the flat (all figures in ?) Rental Income (?1500*12) 18000 Commission (15% of ?18000) (2700) Insurance (assumed) (1000) Interest (based on HSBC rate) (5850) Maintenance (assumed) (1500) Other costs (assumed) (500) Profit/(Loss) 10550 As per the estimates above, Annie would make about ?10,550 annually. Interest payments are low merely because the deposit of ?70,000 which Annie has provided. When Annie intends to sell