Many experts believe that poor ethical actions will have a major effect on profit. Experts argue that poor ethical actions on behalf of Coco-cola have attracted negative publicity, negative media coverage. Consequently, poor ethical actions can chase investors and good employers away from a company. There can be serious consequences when poor decisions are made by top-level executives resulting in financial loss to the company, bringing injury to stakeholders, and infringing on the bottom-line- profit. Therefore, bearing these things in mind, can top-level executives at Coco-cola improve to prevent further crises in its global company and create future sustainability by conducting viable corporate social responsibility? Discovering what role …show more content…
How will Coca-Cola end this disrepute, it is for them to restore sufficient water supply to the area and raise the bar by improving this condition so farmers and residents are justified. Thus allowing sustainability for everyone involved. No one should have to worry that water supply will be depleted. It is not such a bad idea to create canals that can conduct water through these areas that suffer from drought. Canals can be useful to collect rain water, as well as, to recycle industrially used water and treatment plants. A super company like Coco-cola Company can treat and reuse the water that is already used. Any large corporation such as this, is expected to do something more to help and to impact society in a positive way or to be socially responsible. There needs to be positive transformation. One has to draw from the element of corporate social responsibility to preserve life on this planet. Although it may be costly at the moment but being socially responsible immediately, that is, acting sooner rather than later, will benefit future generations as well. This is what I would do and I feel passionate about this present issue concerning …show more content…
Today there are government guidelines such as Sarbanes-Oxley Act which places a new focus on business ethics allowing scrutiny of any business executive who refuse to fully embrace public desire for high ethical standards. However, without certain guiding principles or mere standards of behavior to which they adhere, people can be misinformed, misguided and can make bad decisions. Some examples of common ethical principles consist of honesty, equality, respect for rights of others, and adherence to laws. In order to create sustainable businesses, it is critical to have high ethical standards. An ethical business practice will not only generate a profit but it can also create trust and
In this paper, I am going to discuss and explain my opinions on why company Q is or is not socially responsible. Company Q recently closed a couple of stores in high crime areas. Company Q also started offering very limited health conscious and organic products. The local food bank has contacted Company Q requesting day old food for donations. Company Q has declined the donation request due to possible fraud by its employees and has started throwing the food away.
The Corporate Social Responsibility of the company is responsible for the welfare of society. The company did not think about the community. Thus, the company had to face the title of being unethical resulting in losing its
The cola war occurred in the 1900s, continuously encouraged by the people. In the article by the Onion “Ad Industry War Veterans Honored with Memorial,” the Cola War is discussed in a satirical way that depicts it similar to an actual war. This was done in order to address the problem with society, criticizing how it deals with issues. By illustrating the issue that way, the author hopes to make a change in society by persuading people to reevaluate what should be considered important. The piece was written using anecdotes, irony, and allusion to get the author’s point across, presenting the argument in a way that ridicules the way society acts overall.
Like Water for Chocolate tells the story of Tita De La Garza the youngest daughter of a Mexican family. She falls in love with Pedro who eventually asks for her hand in marriage, but there was a problem. Due family tradition the youngest daughter is forbidden from getting married as she must care for her mother till she dies. Pedro then marries Tita’s sister Rosaura even though he still loves Tita. This caused many problems for the family as Tita’s emotions began to surface through her cooking bringing Pedro even closer to her.
Does business growth and success always acquaint to community growth and success? Bartow J. Elmore explores this question in his book, Citizen Coke: The Making of Coka-Cola Capitalism. Elmore looks at the price that the environment and the public has paid to allow Coke to rise into the power it is in today. With operations in “over two hundred countries and selling more than 1.8 billion beverage servings per day”(7), you simply cannot deny the influence and power that Coke has. Coke is a widely successful business, but their growth has come at a cost.
A nation’s culture is affected by several factors, whether it be the language they speak or the clothes they wear. Culture is important to a nation because it gives them identity and something to base their lives off from. In the United States, one business has helped to define their culture, the Coca-Cola Company. Coca-Cola was invented in 1886 by John S. Pemberton in his backyard. He sold his drink to Jacobs Pharmacy in Atlanta, Georgia.
Modern day businesses have to be socially responsible; actions are taken to satisfy customers who might have a cause that they care deeply. Social responsibility occurs when a person or a company acts in an ethical and sensitive way towards important social issues of the day such as economic, environmental, and cultural concerns. Many businesses have a section of their website or business literature dedicated to social responsibility. Companies proudly detail the steps they are taking to address concerns that people have with the environment and economic issues. Having companies act in a socially responsible way is necessary because their actions have a tremendous positive impact on society.
Roads and transportation are affected because of the numerous shipments that are sent from Coca-Cola all around the world. The people and environment that are directly affected by the Coca-Cola plants. For example, the people and land of Plachimada, India, payed for the costs of the devastation and pollution from the local Coca-Cola
Scenario One Corporate social responsibility (CSR) is a new concept that has been integrated into the operations models of many organizations. It is an ethical mandate that requires a corporation to establish initiatives that reflect on specific social and environmental wellbeing. All efforts are supposed to go beyond any provided regulation. Wholesome Hamburger Company’s ethical challenge is related to its failure to observe tenets of corporate social responsibility, especially that of sustaining the environment. The drought situation is a significant issue that has potential to affect the operations of the establishment.
The History of Business Ethics and Stakeholder Theory in America Ethics play a huge role in the global business field, since considerations have to be made on moral practices, values, and judgments that govern the direction and overall success of the company. Consequently, over the progression of history, managers, entrepreneurs, and stakeholders at the helm of organizations have always had the mandate of making moral resolves on matters of ethics. According to Hunter (2003), such an approach to ethical behavior prompts a substantial growth in the organizational corporation, as well as maximizing business profits, and creating a reputable company image (Cutler, 2004). Notably, the overall performances of organizations that take part in unethical
In the carbonated soft drinks industry, Coke Cola and Pepsi Co are the biggest players in the market for aerated beverages. Both the companies have been competing strongly against each other for decades. The market is dominated by these two industry leaders with a total market share of 72%; Coke’s market share is 42% and Pepsi’s 30%. This is known as an oligopoly market; where there are few large firms competing with each other in the industry. Since both the company’s market share so large, the market is very close to a duopoly (other players having a very small impact on the market).
This statement is supported by Bennett (2014) wherein ethics clearly defines what is the right and wrong things and shapes what kind of behavior the business should act on. For the sense of business according to Joseph (2013), ethics are constructed and decided by each business and underpins decision that an employee makes. When it comes to the business’ environment, a well-constructed ethics is a key for a considerate and responsible decision making in a business (Bennett, 2014). Business Ethics is very important inside the company, it will show the moral standards that a company or business have whether it is right or wrong and good or bad.
17. Is business ethics still practiced in real world? 18. Organizations can look to imitate the best practices of their competitors. 19.
Ethics and integrity is essential and played an important role in helping the growth of the business. Behave ethically could contribute to good performance and customers’ satisfaction. This lead maintains and expands the relationship between both parties and indirectly would increase company reputation (Bandsuch, M 2009). According to the Trevino & Nelson (2010), behave in ethics and integrity not only could stronger the relationship with the customers, but also the relationship with the stakeholders.
The earlier opinion stated that a business cannot be ethical, but this opinion is not used anymore in the modern business. Today business has belief that they must be responsible for social since they live and operate within a social structure. The key factors that make business ethics is important at the quarter of the 20th century are corporate social responsibility, corporate governance, and globalized economy. The culture of an organization, or else we can call it as the philosophy of an organization which is related with ethics have a great relationship with the performance of a business in long and short term. As a business is manage by human being, the people who manage a business