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Business Organization/ Management: Social Responsibilities on PARKnSHOP company in Hong Kong
Pages 3 (753 words)
ParknShop Company in Hong Kong: Social Responsibilities Table of Contents ParknShop Social Responsibilities 3 References 6 ParknShop Social Responsibilities The current intense bidding war for ParknShop has social responsibilities implication for the supermarket chain, especially with regard to how the bidding will impact its customers and its employees, as well as the communities that it serves in general…
At present all of the media coverage tends to focus on the financial aspects of the deal, and little if any attention is given to how the sale will impact its various stakeholders. It is noteworthy too that ParknShop commands a large share of the total market for fast moving consumer goods as well as of fresh food, at 19 percent, and this again translates to a host of social responsibility issues with the general consuming public relating to pricing as well as quality and safety for its food items. Because it deals with staples, the planned sale has to take into consideration how any sale impacts the purchasing decisions and the lives of the various stakeholders that the company impacts. Customers are chief among them. After wet markets for instance, which account for 37 percent of all fast moving consumer goods and fresh food sold in Hong Kong, only Wellcome at 15 percent is anywhere near the vicinity of the clout and reach of ParknShop with consumers. Now that the company has deemed that it has become less desirable to continue to operate because of the increasing wages and rents in Hong Kong, the planned sale has to take into consideration that the company has a responsibility to its various stakeholders too (Ho and Lee 2013). ...
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