Does social responsibility have to be incorporated by businesses?

Chibson

Well Known
Member
Nov 22, 2022
7,087
435
Dex
$0.000
Raw Dex
$0.000
One of the goods that corporate social responsibility does is that it enhances the image of your business. This is an easy way to have positive scores on your reputation as a business.
Once the image of your business has been enhanced I think it is on the verge of success. It is actually the decisions of wise business people take.
 
AgoraForo - Digital Marketplace & Freelancer Forum

arunima

Notable
Member
Nov 28, 2022
2,290
312
Dex
$6.000
Raw Dex
$0.205
CSR ( Company Social Responsibility) has become an integral part of the companies here in our country. It is even mandatory made by the government to use a certain part of their income on CSR. It is welcome step and it does bring a good image to the business too.
 

Etini Willie

Notable
Member
Nov 22, 2022
3,291
93
Dex
$0.000
Raw Dex
$0.401
So many other big brands would love to identity with any business that does corporate social responsibility. Even governments would love to associate with a business that does corporate social responsibility. They want the love of the people for such a business to rub off on them.
 

IB D

Well Known
Member
Jan 6, 2023
5,354
194
Dex
$0.000
Raw Dex
$0.201
I think after the quality of products, nothing promotes a business like the reputation the business has to the outside world. That's why many businesses spend money to launder the public perception about their business.
 

Magnus2022

Notable
Member
Nov 25, 2022
4,080
333
Dex
$0.000
Raw Dex
$0.080
It is not mandatory but it is important and commendable. Every company is striving to be socially responsible. Social responsible help the company to have social acceptability and recognition. A company without social acceptability will definitely not last long because they will start to be viewed as antagonistic to the society.
 

Chibson

Well Known
Member
Nov 22, 2022
7,087
435
Dex
$0.000
Raw Dex
$0.000
It is not mandatory but it is important and commendable. Every company is striving to be socially responsible. Social responsible help the company to have social acceptability and recognition. A company without social acceptability will definitely not last long because they will start to be viewed as antagonistic to the society.
Probably, in some places it is called Street credibility. When your business have that the chances of it being successful will be very high.
 

cherry123

Popular
Member
Sep 5, 2022
27,348
2,610
Dex
$0.891
Raw Dex
$0.100
Social responsibility should be part of the companies everywhere and on in all countries. Company need to use a certain part of their income for social responsibility in their stationed community
 

hastral45

Notable
Member
Sep 16, 2022
3,808
323
Dex
$0.000
Raw Dex
$0.000
Are social responsibility policies required by businesses?
Social responsibility has to be integrated as part of business. Every businesses has its own responsibility to perform which is adding to its own social image. This explains why huge amount of fund is set aside for social promotion.
 

Chibson

Well Known
Member
Nov 22, 2022
7,087
435
Dex
$0.000
Raw Dex
$0.000
Social responsibility should be part of the companies everywhere and on in all countries. Company need to use a certain part of their income for social responsibility in their stationed community
it is actually certain things like that that improves the reputation of a business. There was a cryptocurrency project called Shiba Inu that did that and their acceptance and value drastically increased.
 

hastral45

Notable
Member
Sep 16, 2022
3,808
323
Dex
$0.000
Raw Dex
$0.000
Social responsibility should be part of the companies everywhere and on in all countries. Company need to use a certain part of their income for social responsibility in their stationed community
Social responsibility is not compulsory but it is recommendable. The cordial relationships a business enjoys depends solely on its social responsibility with its host country. This is why you see many companies sponsoring local events in particular areas.
 

IB D

Well Known
Member
Jan 6, 2023
5,354
194
Dex
$0.000
Raw Dex
$0.201
Social responsibility is not compulsory but it is recommendable. The cordial relationships a business enjoys depends solely on its social responsibility with its host country. This is why you see many companies sponsoring local events in particular areas.
And by so doing, the company is indirectly marketing itself. This can drive customer loyalty from residents of that particular location. Customers are generally emotional in nature and would tend to patronize businesses that connect with them.
 

cherry123

Popular
Member
Sep 5, 2022
27,348
2,610
Dex
$0.891
Raw Dex
$0.100
companies needs to sponsor local events in their host countries or community. Social responsibility is not compulsory but it is worth doing helping out. Companies should see this as a mandate
 

IB D

Well Known
Member
Jan 6, 2023
5,354
194
Dex
$0.000
Raw Dex
$0.201
The truth is that you are not even helping out the community. You are building your own brand by sponsoring events in your host community. Telecom Network providers in my country fall over themselves to sponsor the beauty pageantry in my state.
 

Chibson

Well Known
Member
Nov 22, 2022
7,087
435
Dex
$0.000
Raw Dex
$0.000
Social responsibility is not compulsory but it is recommendable. The cordial relationships a business enjoys depends solely on its social responsibility with its host country. This is why you see many companies sponsoring local events in particular areas.
of course it is not compulsory but some businesses do it strategically in order to boost sales. Most of them sponsor some events to create awareness.
 

IB D

Well Known
Member
Jan 6, 2023
5,354
194
Dex
$0.000
Raw Dex
$0.201
In my university days, a particular telecoms network provider had about 80% market share of campus usage simply because it was the brand that majorly sponsored the annual students week.
 

flower

Notable
Member
Jan 9, 2023
4,978
86
Dex
$0.004
Raw Dex
$0.001
One of the goods that corporate social responsibility does is that it enhances the image of your business. This is an easy way to have positive scores on your reputation as a business.
It is true that social responsibility would help to enhance the productivity of the company and project its image.
 

Chibson

Well Known
Member
Nov 22, 2022
7,087
435
Dex
$0.000
Raw Dex
$0.000
Any business that wants long term success must assume social responsibility. This is because people will find it very optimistic to patronize them.
 
Back
Top