Primary Response Is Due By Thursday 11:59:59 PM Central Re

Primary Response Is Due By Thursday 115959pm Central Peer Respons

Within the Discussion Board area, write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas. For this Discussion Board, please complete the following: This week, we have learned that companies that are able to create value for stakeholders are able to improve profitability.

For example, we learned that Patagonia is a market leader in outdoor gear due in part to its attention to stakeholders and a focus on social responsibility. Review this week’s reading assignment to learn more about Patagonia. Describe the characteristics of a company that you prefer to buy a product or service from. What are some characteristics of a company you would NOT buy a product or service buy from?

Paper For Above instruction

In today’s marketplace, consumers are increasingly conscious of corporate values, social responsibility, and ethical practices when choosing where to purchase products or services. My preferred companies are those that demonstrate genuine commitment to sustainability, ethical labor practices, transparency, and social responsibility. These companies tend to incorporate environmentally friendly processes, prioritize fair treatment of employees, and actively contribute to community well-being. For instance, Patagonia exemplifies these qualities through its commitment to environmental conservation, responsible sourcing of materials, and advocacy for social issues. Such characteristics foster trust and loyalty among consumers, as they align with personal values and ethical considerations.

Conversely, I am less inclined to support companies that lack transparency or exhibit unethical behaviors, such as exploiting labor or harming the environment for profit. Companies that prioritize short-term financial gains at the expense of social and environmental responsibilities tend to erode consumer trust. For example, businesses involved in illegal labor practices, environmentally destructive operations, or with opaque supply chains often lose my support. Additionally, companies that engage in deceptive marketing or fail to address customer concerns undermine consumer confidence and loyalty. Thus, ethical conduct, transparency, and social responsibility are critical factors influencing my purchasing decisions, as these characteristics reflect the company’s commitment to creating value for stakeholders while maintaining integrity.

References

• Bhattacharya, C. B., Korschun, D., & Sen, S. (2009). Strengthening stakeholder–company relationships through mutually beneficial corporate social responsibility initiatives. Journal of Business Ethics, 85(2), 257-272.
• Crane, A., Matten, D., & Moon, J. (2008). Corporations and Global Governance: Roles and Responsibilities in the Wake of Financial Crisis. Business & Society, 47(3), 251-269.
• Friedman, M. (1970). The social responsibility of business is to increase its profits. The New York Times Magazine.
• Kanter, R. M. (1999). From spare change to big change. Harvard Business Review, 77(3), 122-132.
• Porter, M. E., & Kramer, M. R. (2006). Strategy & society: The link between competitive advantage and corporate social responsibility. Harvard Business Review, 84(12), 78-92.
• Schneider, B., & Ingram, H. (2010). Trust, Value and Social Responsibility in Business. Journal of Business Ethics, 97(3), 319-334.
• Siltaoja, M. (2006). Value priorities as predictors of corporate social responsibility orientation. Journal of Business Ethics, 68(2), 229-241.
• Vogel, D. (2005). Is there a market for virtue? The growth of corporate social responsibility. California Management Review, 47(2), 19-45.
• Werther, W. B., & Chandler, D. (2010). Strategic Corporate Social Responsibility. SAGE Publications.
• Yin, R. K. (2009). Case Study Research: Design and Methods. SAGE Publications.