The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c...
Traditionally, companies have had one responsibility: to make a profit. But the concept of corporate social responsibility holds that companies should be responsible for more than just their owners. Corporate social responsibility holds that multiple dimensions should affect a company's actions (Scilly, n.d). The concept of "corporate social responsibility" has become pervasive enough that it has earned its acronym in business circles: CSR. The term means that a corporation should be accountable to a community, as well as to shareholders, for its actions and operations. When a corporation adopts a CSR policy, it aims to demonstrate a goal of upholding ethical values, as well as respecting people, communities and the environment. Kielmas (2018). However, corporate social responsibilities come from ethical obligations, including acting responsibly and being accountable to the stakeholders of an organization, including employees, and practicing full disclosure. Transparency is vital as is adhering to relevant laws and regulations. A code of ethics provides support for these ethical obligations (Mintz, 2012). In principle, as a corporate strategy, I would say yes to buying land in Mexico, import DDT from the USA, grow more abundant crops and export them to the USA. On the condition that the aforementioned is observed. The ethical duties of workers in Mexico, the neighboring landowners and even the consumer in the USA are all based on social responsibilities. Though it may be hard, it is essential for the manufacturer of the pesticide to balance the financial demands of the stakeholders without tampering with the welfare of the workers and the environment. The manufacturer of DDT exporting these products to other countries that do not ban its usage have to abide and operate within the rules and regulations of the states these products find its market. Balancing environmental conservation, standards of health and safety, and corporate social responsibilities must be commensurate with economic considerations. However, the policies in different organizational cultures should be reasonably discerned. As far as DDT manufacturer duties in the USA, the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) provides for federal regulation of pesticide distribution, sale, and use. All pesticides distributed or sold in the United States must be registered (licensed) by EPA. Before EPA may register a pesticide under FIFRA, the applicant must show, among other things, that using the pesticide according to specifications "will not generally cause unreasonable adverse effects on the environment.'' (EPA, n.d). In conclusion, while most chemicals produce, or have produced, direct and intentional effects, many may also cause significant unintended outcomes. In this regard, chemicals are ethically ambivalent. It is not easy to balance the positive and negative consequences, nor is it straightforward to include uncertain future effects within an ethical analysis. Therefore, it is pertinent to develop and implement a method for identifying, assessing, and balancing the ethical issues associated with the production and use of chemical substances. Børsen & Nielsen (n.d). References: Five Dimensions Of Corporate Social Responsibility | Chron.com. (n.d.). Retrieved from http://smallbusiness.chron. Pros & Cons Of Corporate Social Responsibility | Chron.com. (n.d.). Retrieved from http://smallbusiness.chron. Summary Of The Federal Insecticide, Fungicide, And ... (n.d.). Retrieved from https://www.epa.gov/laws- |
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