PETCO Develops Successful Stakeholder Relationships Case Study

PETCO Develops Successful Stakeholder Relationships - Case Study ExampleThe third percentage of the phrase dealt with risks associated with the pet industry. The article mentioned that a single negative incident of animal neglecting, abuse, or mistreatment bath taint the public image of a firm in this industry such as PETCO. The go up two sections of the article dealt specifically with PETCO discussing its ethical computer programme and philanthropic initiatives. The article ended with PETCO recommendations and accomplishments. Answers to the three questions from the article ar illustrated below. 1) How has Petcos ethics and ossification program helped it deal with ethical misconduct? The ethics & compliance program has helped PETCO a lot to deal with ethical issues that occur while doing business. Ethics can be defined as a system of moral principles that deals with decisions of right or wrong (Reference, 2011). The ethics program states that the comp all should treat the ani mals with utmost care and it should respect the customers privacy. The code of ethics addresses other(a) areas including selling, advertising, pricing, and buying practices. Based on the ethics program the company the employee cannot push a sale on a customer for a particular brand, since the employees are suppositional to explain the pros and cons of each brand so that the customer can make an informed decision on their own. The company implemented correction go by dint of measures whenever harassment and mistreatments occurs in the company to either humans or animals. Ethical decisions are influenced by physical compositional culture (Ferrel, et. al, 2011). The ethics program of the firm besides addresses drug abuse, asset protection, and violence in the workplace. The organization has implemented measures for associate, vendor, and customer protection. Conflict of interest scenarios have been included in the code of ethics which provides guidelines for the employees when t hey are faced with these types of situations. If the customer is involved in a potential conflict of interest the employees are sibyllic to relay the information to the manager so that the manager can make the final decision on how to proceed and fix the situation. The employees of the company are prohibited from receiving gifts from suppliers, vendors, or customers. Supervisors and their immediate family are not supposed to invest in vendor companies without prior approval from PETCOs ethics committee. The code of ethics also addresses concerns such as employee safety, wage laws and reporting time worked. The supervisors are supposed to act as economic consumption model for the organization. 2) How do you think re-privatizing the company will help PETCOs performance? Or do you think it hurt the company overall? The decision to turn PETCO from a public company cover song to a private firm in my opinion was not warranted. The re-privatizing decision did not add any value to the or ganization. By privatizing the company the firm lost its ability to raise large sums of capital through the sale of common stocks in the open foodstuff. Public companies have greater recognition in the market and the fact they are listed on major public exchanges such as NYSE creates free sacred scripture of mouth advertising for the company. I thought it was unethical when the company re-privatized and it did follow a Securities and Exchange commitment (SEC) mandate that was pending because once the company stopped being public the SEC had no jurisdiction over them. The case study did not show any specific