Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3) Eco Trees harvest (cut) trees and prepare them, so that individuals who do small wood projects are able to have a supply of wood.

3) "Eco Trees" harvest (cut) trees and prepare them, so that individuals who do small wood projects are able to have a supply of wood. "Eco Trees" prides itself on using sustainably sourced wood that has been cut down or already fallen down. The company has made their practices ethical. With an abundance of local wood, they are able to charge fair and affordable prices, but exotic wood is always too expensive. The customers of "Eco Trees" would really like to have exotic wood to work with.

"Eco Trees" has been approached by a tree harvest company in Costa Rica "Tree Top", who have exotic trees they have cut down and say they can provide a very good deal to "Eco Trees". There is a good supply of this exotic wood and the price is very good for "Eco Trees". They can make a huge profit, but the challenge is that "Eco Trees" is not sure whether the wood is ethically harvested and have heard that "Tree Top" might have cut the trees illegally. They are considering the profit they could make and the brand name of the company.

a) Explain what Corporate Social Responsibility (CSR) is and share why a company like "Eco Trees" might want to have CSR practices in their company.

b) This situation is about balancing profit and ethics. What should "Eco Trees" do about this opportunity from "Tree Tops". Explain why?

c) Based on your response to (b), share where in the "spectrum of approaches to social responsibility" would this put "Eco Trees". Explain your decision.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Effective small business management An Entrepreneurial Approach

Authors: Norman M. Scarborough

10th Edition

132157462, 978-0132157469

More Books

Students also viewed these General Management questions

Question

The part of internal ear responsible for hearing is.....?

Answered: 1 week ago

Question

Ear part and its functions ?

Answered: 1 week ago

Question

The membranous labyrinth contains?

Answered: 1 week ago

Question

The organ of corti is present in.....?

Answered: 1 week ago

Question

The border between the middle and inner ear is formed by......?

Answered: 1 week ago