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INSTRUCTIONS Historically, within business we tend to hear more about organizations' bottom line than their focus on being a "good corporate citizen." While emphasis has shifted and there's an...

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INSTRUCTIONS



Historically, within business we tend to hear more about organizations' bottom line than their focus on being a "good corporate citizen." While emphasis has shifted and there's an expectation for organizations to become more involved in the communities that they serve, where is the line drawn? As mentioned in Case 4.1, was Loblaw responsible for creating an "economic back hole" in the community surrounding the Churchill Square shopping centre in St. John's, NL, by not allowing another grocer to enter that retail space, in effect keeping competition out?





Learning Outcomes


• Describe the integration of business and society with a focus on ethics
• Assess the dynamic nature of stakeholder influence and apply stakeholder management focused approaches for collaboration





Learning Objectives


• Understand critical stakeholders and level of influence in using a stakeholder matrix map
• Use the concept of social responsibility in deciding degrees of moral obligations





Directions




1. Read case 4.1”CSR and the Closure of a Neighborhood Supermarket” on page 74 in our text.




2. In using insight collected in Chapter 4, Stakeholder and Issue Analysis, respond to the following questions:


Key insights and ideas to consider:




  • Construct a stakeholder matrix map of Loblaws stakeholders by their influence according to their position on the issue and degree of importance.




  • Is it socially responsible for preventing the former store from being rented or sold to another business?




  • Should the city Council take any action in this situation?




  • Was Loblaw being responsible? Does it have a moral obligation to keep the store open? Why or why not?






• Please ensure you format and cite via APA 7th edition.
• You are welcome to use external resources (outside the text), but please ensure they’re cited and referenced appropriately.




3. Please submit your work using Microsoft Word to the Dropbox titled: Learning Assessment: CSR and the Closure of a Neighborhood Supermarket





Answered Same Day Feb 27, 2023

Solution

Asif answered on Feb 28 2023
33 Votes
Business Ethics 5
    
Business Ethics
Name and Number of Student
Date of Submission
Answer: 1
Stakeholder Matrix Map of Loblaws Stakeholders
A stakeholder map is the visual presentation of all stakeholders of a company which shows the level of power and interest. It is a project management tool used by a company to analyse a project/company’s stakeholder to determine their actions. This matrix tool is allow a company to identify and categorized its key stakeholders in terms of their influence and the interest in the project (Jones, 2018). The given chart shows the stakeholder matrix map of Loblaws Stakeholders
POWER
    HIGH IMPORTANCE
LOW INFLUENCE
· Non-Profit Organization in the community including Food banks, community centers
    HIGH IMPORTANCE
HIGH INFLUENCE
· Employees and Customers
· Local government official
· Local community members
    LOW IMPORTANCE
LOW INFLUENCE
· Suppliers
· General public
· Shareholders
    LOW IMPORTANCE
HIGH INFLUENCE
· It includes the key competitors of Loblaws.
· The key competitors of Loblaws are Costco and Walmart
· Local small businesses
INTEREST
(Table 1: Stakeholder Matrix Map of Loblaws Stakeholders)
(Source: Self-Created)
Answer: 2
Based on the latest business report, it is found that there were several reasons behind the closure of store in the first place. For example, the one of the most important factor was financial difficulty. For case, the store was not profitable and it generating unnecessary expenses and cost for the company...
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