Role in Society - Position Paper
The bullet point on "Corporate social responsibility" (a corporation "should be held accountable for any of its actions that affect people, their communities, and their environment") is a very good statement on the ethics a company should follow. Although it seems every time I read the paper, another company has apparently failed to live up to its responsibility to its stakeholders, shareholders, nor to the community in which it exists. And of course there has been plenty of news about how Enron, and WorldCom, and other companies that have "cooked" their books to falsely inflate their stock values, and where key executives have swindled their own companies out of millions. What this course alerted me to was that when an executive of a big corporation steals money by presenting fraudulent earnings reports, and then goes to court and receives a fine, he still walks away with a lot of money. He still keeps his beach facing condo. And all the shareholders who lose their retirement money because of the swindle have to make do with what little they can scrape together for retirement. H
" Well, I feel sorry for the 5,000 or so people who will lose their jobs because Kodak didn't get in tune with the change to digital photography fast enough - and their own digital cameras had too many bugs. com, "Customers, employees, vendors, investors and the community are all major stakeholders in any organization's success. What Kodak is doing is irresponsible corporate behavior, and I'm a secondary stakeholder (according to www. Then, which I found out, you send it in with no idea how long it will take or how much money it will cost. It seems that digital cameras are selling better than anyone, including Kodak, figured they were going to sell, and that has put a huge dent in the sales of Kodak paper, film, and film-based cameras. That is what was presented in this class, and it makes me want to start a venture uniting various consumer groups into a huge umbrella organization; and the purpose would be, when a company, like Kodak for example, shows disregard for the consumer (who is also a stakeholder), then a massive level of boycotting would be put in motion, and that offending company will be hurt, soon, and massively, by the clout of the consumers who have banded together to fight back. First, they stopped servicing their own digital cameras in their shops; and next, earlier this year, they stopped allowing their Kodak stores to take the digitals and send them for service - they made the customer call an 800-number and try to find out where the nearest location is for repair. I have used it a lot, and have taken dozens of photos for my Web site, but when the camera has needed service, Kodak has dropped the ball. Closer to my own issues with business, however, is the news about the one-time giant, now pitifully bankrupt Eastman Kodak company. In the bullet "summary point" on stakeholders, it says they "can exercise their economic, political, and other powers in ways that benefit or challenge the organization," and I plan to write letters to major customer service management at Kodak and raise cane about this unfriendly lack of customer service.
Common topics in this essay:
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Enron WorldCom,
Meantime Kodak,
Eastman Kodak,
,
digital cameras,
own digital cameras,
own digital,
feel sorry,
web site,
consumer stakeholder,
customer service,
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Acceptance Essays
