Company F and G Discussion and Responses Assignment Essay
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Company F and G Discussion and Responses Assignment Essay
Company G has the opportunity to purchase one of the components for its product from Company F for a considerable savings. However, to do so would mean closing the factory where that component is currently made, thereby causing thousands of employees to be laid off in the process. What should Company G do and why?
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Do the discussion then response each posted below
Posted 1
In the above prompt, Company G has the ethical dilemma of saving money or saving jobs. Such a dilemma comes down to who the company has more of an obligation to: the shareholder or the stakeholder.
In recent years, corporate social responsibility (CSR) has become more and more prevalent when making such ethical decisions. CSR is a way for a company to hold itself socially accountable by contributing to the public or economy (Schooley, 2021). This self regulation has become of particular importance because customers have began to place a premium on spending their money with businesses who prioritize CSR (Schooley, 2021).
Whether or not Company G should start buying from Company F and layoff workers depends on their financial situation. If they are in dire straights and will go bankrupt without cutting costs, then I think that they should go through with the layoffs. However, if they do not need to save money to stay in business, then their reputation will most likely be tarnished from such extreme measures. In my opinion, Company G should run a cost benefit analysis to see what option produces more net benefit. However, at the end of the day, companies owe more to their shareholders than their stakeholders so they should error on the side of the shareholder.
Posted 2
This situation is a difficult one. On one hand, saving money for the company is ultimately the goal of the companies accountant. on the other hand, the ethical dilemma of destroying thousands of people to lose their source of income causes pause. The first step should be to find any other way to cheaply purchase the components for its product. This could mean utilizing cheaper materials or outsourcing to international factories.
Even if this option doesn’t work, I don’t think that the company should purchase the component from company F. The cons vastly outweigh the pros in this scenario. Though companies want to save money, the negative impact on the community with this one decision wouldn’t be worth it. The company may even receive backlash from the investors/community as a consequence, which would negatively impact it in the long run.
Posted 3
There is an old quote that says that the main purpose of a company is to make profit for its shareholders. Although many still believe and defend this quote, I think that this is no longer updated with the actual world scenario. Of course, that no company survives without profit. However, I believe that companies exist to attend to all stakeholders’ expectations and not only shareholders. This means that companies exist to attend also employees, customers, suppliers, communities, and governments. That said, solutions that would please only one of the stakeholders and harm others should be avoided by companies. The closing of a factory, for example, may improve the profits of the company’s shareholders but besides the elimination of thousands of jobs, it would harm suppliers, local government, and the local community. I would say that decisions like that should only be taken if the existence of the company is under threat and there is nothing else that can be done to save the company.
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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Company F and G Discussion and Responses Assignment Essay