Answer to Question #223468 in English for Rimix

Question

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

Answer 1

Bottom line

None of the business leaders can deny that a company's ultimate goal is to make money. While focussing on corporate responsibilities can come at a cost, it can also have positive net effect on a company's bottom line

Stronger client and community relations

Seeing one company do charitable work can inspire other organizations to follow suit both on global and local scales. This gives savvy corporations the opportunity to work with other companies.

Talent attraction and employee retention

Consumers are not the only people attracted to organization's commitment, more talented professionals consider companies that match their core values

Consumer appeal

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

Positive press and reputation building

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