1 social and community responsibility is one of the responsibilities of a corporate organisation. justify this...

1 social and community responsibility is one of the responsibilities of a corporate organisation.

justify this statement

2 there are stakeholders to any coperate business. identify 7 such stakeholders and high light their effects on a named company in your country

3 advance appropriate reasons for the formation of cooperative business enterprise

Expert Solution

Social and community responsibilities are must by Organisations as they form pioneer in tax payment and have substantial customer base with significant funds making their responsibility higher towards serving nation or environment or society at large and be regarded as sustainable corporate citizen.

To businesses like Vodafone there are following stakeholders:

Employees- Lead to overall productivity and profitability
Shareholders- lead to higher funding and capex
Customer - lead to higher brand image and revenues
Owners- lead organisation in right direction and demonstrates leadership
Community- make the organisation better corporate citizen
Government- Most important which decide fate and durability of business
Competition- help organisations be on toes and competitive in market

Cooperative business enterprise is generally formed to mitigte risks, channelise synergies, optimise costs, deleverage balance sheet and most importantly penetrate markets.

Rahul Sunny answered 1 year ago

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