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Brainstorming Ideas
- The best way a company can have a positive impact on people is by Corporate Social Responsibility (CSR) which helps companies to be socially accountable to themselves, their stakeholders and the public.
- By doing so, they become conscious of the kind of impact they have on society.
- CSR companies can start by creating jobs and contributing to the economy and can invest in employee development, promoting a healthy and inclusive workplace.
- Companies can adopt sustainable practices such as reducing waste or adopting renewable sources of energy to minimise carbon footprints.
- A company can also contribute by supporting charitable causes and non-profit organisations.
Q. Your professor is teaching a class on business. Write a post responding to the professor’s question.
In your response, you should do the following:
- Express and support your opinion.
- Contribute to the discussion in your own words.
An effective response will contain at least 100 words.
“Next week, we’re going to spend a lot of time in class discussing the positive and negative ways in which companies affect the world around us. Before we start talking about that in class, I want to hear what you think about the topic. So here’s a question for the message board: In your opinion, what is the best way for a company to have a positive impact on society?”
Sarah: I believe that companies should focus on making their operations more socially and environmentally friendly. While charitable giving can be beneficial, it doesn’t address the root causes of serious social and environmental problems. By doing business in more responsible ways, companies can have a more meaningful and lasting impact on society. Moreover, if they attract positive attention from consumers they could inspire other companies to do the same. That’s the only way we can solve today’s problems.
John: While those are very good points, I think that companies should focus on charitable giving. Philanthropy can provide immediate relief to those in need and contribute to the overall well-being of society right away. It could take years or decades for business changes to have a positive impact on society, and most people just can’t wait that long.
Ans: From my perspective, the best way a company can have a positive impact on society is through Corporate Social Responsibility (CSR). It is a self-regulating business model that helps companies to be socially accountable to themselves, their stakeholders, and the public. By practising CSR, companies can become conscious of the kind of impact they have on the economic, social, and environmental aspects of society. To implement CSR, companies can start by creating jobs and contributing to the economy. They can invest in employee development, promoting a healthy and inclusive workplace, as well as community development such as education, healthcare, and infrastructure projects.
Moreover, companies can adopt sustainable practices such as reducing waste or adopting renewable sources of energy to minimize carbon footprints. Lastly, a company can also contribute by supporting charitable causes and non-profit organizations. This not only helps society but also enhances the company’s reputation. In conclusion, a company’s positive impact on society is not only about profits but also creating a sustainable and inclusive environment that benefits all.
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