I own a company that has been manufacturing computer parts for the past 20 years and I’ve been able to maintain a decent profit margin despite tough economic conditions. Recently, however, I’ve been presented with an opportunity to move my production overseas. The move will reduce my manufacturing costs significantly as a result of lower labor costs, resulting in an anticipated 15 percent increase in profits for the company. However, my production facility is the largest employer in the surrounding area and shutting it down will result in the loss of over 800 jobs. The loss of those jobs would devastate the economy of the local community. Should I move my production overseas or keep it here in the U.S.?
Be sure to discuss the principles of Corporate Social Responsibility (CSR) and goodwill in your response.
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