Ethical situation in business Essay Example | Topics and Well Written Essays - 750 words

Ethical situation in business - Essay Example The laws of the government should be such that it will provide desirable outcome and easier enforcement. And the agents of the society engaged in the civil functioning leads to promote security to the individuals in the society (Avina, 2009, p.1). The social responsibility of company in closing down the firms and later on reopening (requested over years) the firms dumping of food instead of donating it to the food banks was a good decision towards social responsibility of the company. The company can lead to the improvement of the situation within the community with the help of coordination with the community leaders and the members of the society in order to reduce the intensity of crime rates in the concerned area and lead to the establishment of optimal policies which will be implemented. The firm may also focus on the dimensions of objective performance assessments and that of policy prescriptions paradigm which will be based upon the crucial assessments of the societal trends an d best care practices predominant in the local as well as global chain of network (Avina, 2009, pp.1-2). One of the most important ways in enhancing the social responsibility of the company is to properly scrutinize the utilization and visibility of the investments made by the company. The firms would be highly vigilant so that their investments are not under-utilized and that impact should be lowered intensively (Young, 2012). The company should also focus more stringently on the internal practices and control of the staffing management for enhancing the social responsibility of itself. The company must be highly strong in the explicit and the visible support with respect to the commitment from the senior management for the purpose of maintaining the internal controls, ethics and compliances programs or devising strategies which would directed towards the prevention and curbing of bribery and mal practices within the organizations which further accentuates the crime rates of the ar ea. The system of the financial and accounting procedures along with that of systematic internal controls will be highly essential for ensuring the maintenance of fair as well as accurate book records which would be guaranteeing that no amount of money is spent in bribery as well as expropriation by force and coercion. The ethics and compliance program should be also strong enough in the prevention and detection of the foreign bribery (Good Practice Guidance on Internal Controls, Ethics, and Compliance, 2012). The company may work with the other businesses and small scale companies hand in hand which will provide benefits to the company as well as the businesses and companies in collaboration. Working with the other organizations will create a social unity which can be manifested in fighting against the crime rates. For a strong internal control, the company may engage loss prevention personnel patrol within the shop itself who will act as real shoppers. They will act as persons who will be trying on different merchandise and stuffs in the shop and simultaneously be vigilant on the shoplifters and thieves and shall stop them while leaving the store. The patrol must be totally sure that the crime has been committed by the convict. In this world of cut throat global competitiveness a large number of retail companies are applying this technique and the personnel must be following strict rules although there is a very high liability risks attached