Assignment 2: Ethical and Socially Responsive Business Due Week 10 and worth 120
ID: 459812 • Letter: A
Question
Assignment 2: Ethical and Socially Responsive Business
Due Week 10 and worth 120 points
Because of the human aspect of ethics and its links to business success, corporate leaders must be careful about their behaviors, and how they address problems. For this assignment, you must select the code of ethical conduct for one (1) of the following restaurants:
Cheesecake Factory (http://investors.thecheesecakefactory.com/phoenix.zhtml?c=109258&p=irol-govconduct)
Ruby Tuesday (http://phx.corporate-ir.net/phoenix.zhtml?c=83799&p=irol-govHighlights)
Chipotle (http://ir.chipotle.com/phoenix.zhtml?c=194775&p=irol-govConduct)
As a basis for your written assignment, you will assume that you are the CEO of your chosen restaurant. Be sure to identify the restaurant you have chosen in your written paper.
Write a two to three (2-3) page paper in which you:
Describe key areas of the selected company’s code of conduct that are of significant importance to the business, and explain why.
Explain the key steps that the company should take to ensure that employees follow the code of conduct.
Suggest three (3) ways in which the restaurant can engage in socially responsive activities in the community within which it operates.
Use at least two (2) quality resources. (One resource may be your restaurant choice above, and the other resource may be an outside resource or your class textbook). You will need to cite these resources within your assignment and on your reference page. Note: Wikipedia does not qualify as a quality resource.
Explanation / Answer
One of the key area that are significant importance to the business is CSR activity. It is very important that business contribute towards society by conducting business activity ethically.
For Example -
Walmart is one of the largest retail companies in the world. The company is increasing their commitment to corporate social responsibility (CSR).
Given are the following CSR activities of Walmart with examples
1. Social responsibility - Walmart has been promoting women’s economic empowerment more often over the years. Walmart are providing opportunities and training over 1 million women.
2. Local reasonability - promoting local farming and implementing nutrition program. Walmart exceeded $1 billion in charitable contribution
3. Environmental responsibility - Reducing use of energy, eliminating landfill waste and follow product sustainability guidelines. Walmart source 21% of its Renewable energy worldwide.
4. Company responsibility - Worker's safety, corporate compliance and governance, promoting basic value.
Rules and regulations are very important to reduce the practice of unethical means in the organization. The other system and processes that are necessary in the organization is as follows
1. Training - Training is given by employers to employee and encourages them to follow the rules and regulation. The employers motivate employees to focus on goal of the organization by ethical practice. The leaders should discuss the ethical behavior and its importance in the organization
2. Create checks and balances - The organization can create check and balance to reduce unethical behavior and can enforce penalty on the employees for not following ethical means. For example - Any employee who is using social media during office hours are fined.
3. Employees Appreciation - Employers needs to appreciate employee for their hard work so that they become royal to the company.
4. Higher for values - Employers needs to hire right employees who can follow and fit into the company's culture.
Following are the three (3) ways in which the restaurant can engage in socially responsive activities in the community within which it operates.
1. The restaurant should ensure good quality food is serve to their customers. The customer expects a delicious food, good ambience, service, etc making it more delightful experience. Hence the restaurant approach should be best service and customer expects value for money.
2. The food being waste should be given to poor or needy people.
3. Charging appropriate amount on food items and they are responsible to pay service tax to the government.