Question

Q3. (a) The conversation about the need for business organizations to undertake corporate social responsibility activities continue to dominate board meetings and classrooms. Outline in a case of any company in Ghana, four (4) benefits of social responsibility activities to the case company.

Answer 1

1. Increased Brand value-:

In the era of social media, if company do some social responsibility activities, then it will catch in the of society which will enhance brand value.

2. Loyal customers-:

When customers notice your social work, they will sure become loyal to your company.

3. Increased employee satisfaction-:

The way you treat society is much reflect how you treat your employees. Employees will feel motivated when company allow them to do social work during their working hours. They feel respected to work with your company.

4. Increased Creativity-:

When you involve employees in social work, they feel motivated and start think do something betterment of the society, this will lead to new product development or an innovative idea that reduces the product cost or process.