Answer to Question #223389 in English for Sae

Question

QUESTION 2 (20 MARKS)

Choose a particular corporation and describe the power it wields in different spheres. During your discussion, make sure that you indicate the level of power which matches a specific sphere and lastly, highlight if this business abuses its power?

QUESTION 3 (15 MARKS)

Answer 1

Positive press and reputation building

One of the powerful effects of sustainable, responsible business is it's ability to quickly generate positive publicity for an organization

Consumer appeal

As corporate responsibility initiatives have become more common, consumers are increasingly interested in patronizing businesses that support causes they value

Talent attraction and employee retention

Consumers are not the only people drawn to an organization's commitment to improving the world. Increasingly talented professionals consider whether a company's core values match up with their own.

Stronger client and community relations

Seeing other companies do charitable work can inspire other organizations follow suit. This gives savvy corporations the opportunity to work with other companies.

Bottom line

No business leader would deny that a company's ultimate goal is to make money. Focussing on corporate responsibility can come at a cost, it can also have a positive net effect on a company's bottom line