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This week we discuss the changing face of business and business ethics and social responsibility. Chapter Summaries: Chapter 1: Business is the...

Corporate Responsibility
• From the case study and the e-Activity, determine two (2) key reasons why people value the customer service that Nordstrom provides. Examine Nordstrom’s current corporate social responsibility activities, and suggest one (1) additional action that the company could take to further strengthen its corporate social responsibility efforts.
• From the scenario, suggest two (2) reasons why you believe it is important for Walters Aeroworks to take its corporate community into consideration when addressing social responsibility. Assess the value of a reputable corporate image when considering expanding the company’s current operations. Provide a rationale for your response.
This week we discuss the changing face of business and business ethics and social responsibility.   Chapter Summaries: Chapter 1:    Business is the nation’s engine for growth. To succeed, business firms must know what customers want so that they can supply it quickly and efficiently. Firms can lead in advancing technology and other changes. They have the resources, know-how, and the financial incentive to bring about innovation. Businesses require physical inputs as well as the accumulated knowledge and experience of managers and employees. Yet, they also rely on their ability to change with the marketplace. Flexibility is a key to long-term success—and to growth. This book explores the strategies that allow companies to grow and compete in today’s interactive marketplace, along with the skills that you will need to turn ideas into action for your own success in business. This chapter defines business and its role in society. It illustrates how the private enterprise system encourages competition and innovation while preserving business ethics. Chapter 2:    Many firms are concerned about the environment and their societies. Sometimes that means growing more slowly or reducing short-term profits for longer, sustained benefits. Although most organizations combine ethical behavior with profitable operation, some have faced ethical lapses. Ethical failures led to lawsuits and judgments against firms. The image of the CEO suffered amid reports of executives pocketing millions of dollars. Now, both the government and companies have renewed their efforts to conduct themselves in an ethical manner. Firms are formulating standards and procedures for ethical behavior and recognizing the impact of setting a good example. Although the aim of business is to serve customers at a profit, companies today try to give back to customers, society, and the environment. Sometimes they face difficult questions. When does self-interest conflict with society’s and customers’ well-being? And must profit-seeking conflict with right and wrong? · Reading(s) o Chapter 1: The Changing Face of Business o Chapter 2: Business Ethics and Social Responsibility · Case Study 1.2: Nordstrom Rides High (Chapter 1) · Scenario · e-Activity o Go to Nordstrom’s Website and review the section titled “Nordstrom Cares”, located at http://shop.nordstrom.com/c/nordstrom-cares?origin=footer . Be prepared to discuss. Activities
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e-activity http://shop.nordstrom.com/c/nordstrom-cares?origin=footer Journal Entry Guidelines: · Discussion Evaluation · Journal Entry 1: Prepare a one to two (1-2) paragraph journal entry that examines your learning experiences with ORION in Week 1 of this course, that addresses the following: 1. Determine the primary manner in which ORION has increased your business knowledge in the related subject area. 2. Discuss specific challenges that you may have experienced with any of the subject matter presented, and point out the areas for which you would like more information. 3. Suggest at least two (2) possible applications of this week’s material to the company that you currently work for or hope to work for in the future . I currently work for HP as a systems administrator. WileyPLUS Support Documents WileyPLUS Student Support.pdf WileyPLUS ORION Guide.doc WileyPLUS with ORION in Blackboard Video "Corporate Responsibility" Please respond to the following: From the case study and the e-Activity, determine two (2) key reasons why people value the customer  service that Nordstrom provides. Examine Nordstrom’s current corporate social responsibility activities, and suggest one (1) additional action that the company could take to further strengthen its corporate social responsibility efforts. From the scenario, suggest two (2) reasons why you believe it is important for Walters Aeroworks to take  its corporate community into consideration when addressing social responsibility. Assess the value of a reputable  corporate image when considering expanding the company’s current operations. Provide a rationale for your  response.
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