Preview

When the CEO’s Personal Crusade Drives Decisions

Good Essays
Open Document
Open Document
518 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
When the CEO’s Personal Crusade Drives Decisions
The DM Bicycle Company (DMBC) had finally found itself with record hitting orders however, Gino Duncan DMBC’s CEO made it a point in the company’s budget meeting that a majority of the expected revenues will be used for the company’s new Corporate Social Responsibility (CSR) program focusing on Batten disease. This decision has been met with a lot of negative feedback from everyone in the company, they all believe that Gino wants to focus his CSR efforts on finding a cure for his daughter’s disease and that he does not have the company’s best interest in his actions. Carolyn Bridges, DM Bicycle Company’s HR director has to make it a point to set Gino straight.
First and foremost, Carolyn needs to get more people on her side to be able to convince Gino but, considering that a number of employees from Jim Mitner, DMBC’s CFO to some of the front liners of the company, have the same concers. Carolyn, as the HR director she is in charge of employee morale, development and compensation should act as the spokesperson and representative of the workforce. She should confront Gino about how the employees feel about: (1) Gino prioritizing the budget on a CSR project to find a cure for his daughters disease which is backed up by his decision to set their current CSR program “Ride for Life”, a hard worked for program which had successfully raised employee morale and company public relations; on hold, (2) if participation in the new CSR will affect their evaluation and promotion, (3) and the scare of not having a CEO totally on board for the growth and benefit of the company. If left unattended the company might find employee morale falling and productivity down at a time the company needs a well-oiled workforce to meet the record rate demands it is currently faced with. Carolyn needs to make it a point that we keep employee morale high at this very critical transition point of the company. Moreover, Carolyn has to get others like Jim Miniter, DMBC’s CFO, and Gino’s close

You May Also Find These Documents Helpful

  • Powerful Essays

    JHT Task 2

    • 2651 Words
    • 8 Pages

    The last 4 years with Company D was eventful, there were several lessons to learn with corporate responsibility and S/Q ratings as well as how to raise the image rating. Company D’s biggest resource strength for the last 4 years was corporate responsibility. The organization decided to use green footwear for the shoes, as well as recycled boxes for shipping. Daily Durable decided to spend $1000 each plant towards energy initiatives in order to save energy and reduce pollution. Charity donations of 10% of operating profit increased the company’s image rating. The highest amount given was in year 16 with a total of $5,484. Ethics training and workforce diversity training was offered to all employees for all 4 years to help employees understand the laws and they know the company is being fair during hiring processes and training opportunities. With the efforts in corporate social responsibility, Daily Durable earned a 2nd place award for corporate responsibility at least 2 years in a…

    • 2651 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Jeff Skilling was the CEO of Enron Corporation in 2001 and was convicted of multiple federal felony charges relating to Enron’s financial collapse. Skilling was a consultant for McKinsey and Company and worked with Enron in 1987, he helped create a forward market for the in natural gas. Skilling impressed Kenneth Lay and was hired by Enron in 1990 as chairman and chief executive officer of Enron Finance Corp. In 1991 he became the chairman of the Enron Gas Services Co., which was the result of the merger of Enron Gas Marketing and Enron Finance Corp. In 1997 he was again promoted to President and chief operating officer, only second to Kenneth Lay. Skilling began creating a new idea where the company didn’t really need assets but by pushing the company’s aggressive investment strategy he helped make Enron the biggest wholesaler of gas and electricity. In 2001 Skilling was named CEO of Enron receiving 132 million dollars in a single year.…

    • 511 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Est1 Task 310.2.1-05

    • 1261 Words
    • 6 Pages

    Company Q’s attitude towards social responsibility appears to be nonexistent, possibly through ignorance or disconcert. Either way the lack of social responsibility affects their business and community’s perception of their business. It appears that the company management has never developed and ethics program that clearly defines the corporate culture including provisions for social responsibility. Profits, or at least a lack of losses appears to be a primary motivating factor for company Q's management’s decisions. Company Q has been attempting to cut losses by closing stores that were losing money instead of finding innovative ways to increase revenues and profitability for the stores. Based on the known information, Company Q still has ample opportunity to build a socially responsible reputation within the community it serves and at the same time create profits for its shareholders. Simple and cost-effective changes could be implemented in a relatively short amount of time and the benefits to the community, employees and the company itself could be realized within a reasonable amount of time. There are at least three ways that Company Q can make a positive affect within the community that it serves while increasing revenues and profitability for shareholders.…

    • 1261 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Company Q Task 1 Est1

    • 905 Words
    • 4 Pages

    In Company Q’s case some business decisions need to be re-analyzed in order to ensure they are meeting their goals, as well as being socially responsible. Company Q is a small locally owned Company that has decided to close down stores in higher-crime-rate areas of the city due to the stores reportedly losing money. Another issue is that it took many years of insisting by the customers to get health-conscience and organic goods in due to worries by the company about high cost margins. They have also turned down opportunities to donate day-old products to the local food banks because they are worried about lost revenues and fraud. The current attituds and decisions seem to be based on the bottom line and profitability of the company rather than the best interests of the community and their customers. If these decisions are not evaluated and changed the company could ultimately lose their business to a more responsive competitor.…

    • 905 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Est Task 1 Wgu

    • 441 Words
    • 2 Pages

    From the given company information and profile, it seems that Company Q’s current attitude toward social responsibility could be improved. Customers are not only interested in what products and services stores offer, they are also interested in how the companies serve the community. Company Q needs to change a few policies in order to improve their current social standing in the views of their customers. First, closing stores in areas of need is not a customer-friendly policy. Next, offering products customers ask for, but with limited selection and high profit margins is not a customer oriented policy. Finally, refusing to donate day-old products to charity shows a lack of caring for the communities the company serves.…

    • 441 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Case StudyI

    • 718 Words
    • 3 Pages

    The article, “The NYSEG Corporate Responsibility Program” (Beauchamp, T. L., Bowie, N. E., & Arnold, D. G., 2009) is a writing that addresses the social responsibility program of a major energy provider in the Northeastern United States. The article discusses the implications of a corporation that has addressed the need to be ethical and instill a corporate responsibility policy. The author attempts to present all problems and concerns that are present with a company that has decided to act in an ethical manner. The company has created a large commitment to the community. They have agreed to assist in providing services to the less fortunate. The article is clear and concise. The reader is able to understand the major issues of social responsibility that face the corporation and the costs involved. NYSEG must assess the amount of financial commitment that the company can present to Project Share. They have agreed to assist in funding but must consider the ultimate cost of lower profits to the shareholders. The firm must decide at what point social responsibility begins and social work ends.…

    • 718 Words
    • 3 Pages
    Better Essays
  • Good Essays

    EST1 Task 1

    • 891 Words
    • 3 Pages

    Under the theory that social responsibility helps determine if a company is successful, let’s examine Company Q’s attitude toward social responsibility. Company Q recently closed down a couple stores citing that these two stores have been consistently losing money. It must be noted; however, that both stores were also located in higher-crime-rate areas of the city, which may cause the community to speculate about the real reason the stores were closed. Could it have been the fear of the neighborhood itself that caused Company Q to decide to close those two stores? The closing of these two stores could suggest that Company Q is more interested in profits and revenue rather than providing a much needed service to the community. In addition, Company Q’s customers have been requesting health-conscience and organic products for several years and they have just recently started offering these products. This change of heart may appear to be a positive step for Company Q if it wasn’t for the fact that not only did it take years of requests from their customers but all of the health-conscience and organic items being offered are high margin items, again making it appear that Company Q is more interested in profits and revenues than doing right by their customers and…

    • 891 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The NYSEG Corporate responsibility program. Text, page 120. Your study should answer questions 1-3 on page 122.…

    • 1146 Words
    • 3 Pages
    Powerful Essays
  • Good Essays

    The second reason I feel Company Q is more concerned with profit than social responsibility is refusing to donate day-old products to the local food bank. They chose to instead throw it away due to worries over lost revenue. Wow, talk about…

    • 949 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Promoting a social justice may be justified, because it has been proven to create the competitive advantage by creating loyal employees, which directly leads to attaining loyal costumers. This may create an argument on flip side, that it may increase the administrative expenses which may also distracts the executive, as well as managers from their soul responsibility looking to increase the profits. This idea of profit maximization is well supported by the greatly Friedman, who particularly rejected the idea off business leaders articulating new visions that consider any business aspect than the profit maximizations them selves. The survey of corporate social responsibility research says, “ It creates administrative expenses, distracts executives, confuses economic goal, and subtracts from social welfare when the corporation is less efficient.” (The good company, 22)…

    • 2712 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    EST1 Task 1

    • 550 Words
    • 3 Pages

    The company’s current attitude toward social responsibility isn’t responsible at all. The fact that they are willing to allow food to be threw away that could be given to a food bank illustrates the company’s unethical approach to social responsibility. Placing profits above people isn’t socially responsible but is rather sociopathic and a microcosm of the larger problem that entails the current Capitalistic system that is used across the world. Company Q, is displaying a common capitalistic mind-frame that many companies engage in wherein they would rather focus on lost revenues than assisting the less fortunate. It’s troubling that the company wouldn’t donate day-old products to a food bank.…

    • 550 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Company Q is an organization working to achieve the goal of generating the most possible profit. The attitude of company Q toward social responsibility however, is an area that needs focused improvement. Based on the description provided the company uses a numbers only approach to decision making. There are intrinsic and fiscal benefits of applying a social philanthropic ethic that should be evaluated. Improvement of company Q’s application of social responsibility could be achieved by developing systems to ensure inventory integrity with community donations, reacting more effectively to the desires of customers, and considering a business model based on more than just profit.…

    • 727 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Company Q is having a little trouble with containing a positive social responsibility with the community it serves in. Bing in a major metropolitan area, Company Q has had to close two because they were always reporting a loss. These two stores were unfortunately, located in areas where the crime-rates…

    • 723 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Est1 Task 1

    • 653 Words
    • 3 Pages

    The recent actions of Company Q aren’t as unethical/immoral as other companies in case studies that we have read about throughout the course (i.e. Wal-Mart). Even though their actions aren’t as severe, their actions are still unethical on a variety of levels. There are three areas that could be improved regarding Company Q’s attitude toward social responsibility.…

    • 653 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The structure of company Q is not currently formed to accommodate social responsibility or practice social ethics. Since the business is already in a heavily populated area and had to close down some of the stores due to high crime rates in those areas, maintaining a healthy relationship with the community in the area they are located is essential for the success of the business. The company has started to form a relationship with the community by listening to what the customers want and supplying the demand for those products. However, the chain is carrying all high margin products in all stores which may not suit the needs of those in lower income areas.…

    • 715 Words
    • 3 Pages
    Good Essays