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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1098 |
Essay's paper body
Since the business has expanded so rapidly, the impact upon the local environment will be great. One method suggested by Jones, George & Hill is to donate a portion of profits to local charities or running charity drives and/or finding an environmentally cleaner ways of producing its goods, ?Olympia Productions', can itself benefit in long and short terms...
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Egs:
1. Businesses tend to have "less risky investements"
2. Gain more "customer loyalty"
3. Gain a better "reputation"
4. Encourage "long term relationships with stakeholders" (eg. Suppliers)
5. and most importantly improve efficiency and "increase profits."
Effects:
By being socially responsible there are many short and long term affects upon the business...
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