As you do business with companies from all over you tend to choose suppliers that demonstrate responsible policies, as this policies helps them to minimise the risk of any damage of their own reputations. And like most companies, many consumers prefer to make use of products that was obtained by an ethical business. Using a business with a responsible reputation, places it apart from other businesses in the society and market.
People tend to have a desire to be part of a socially responsible organization and that gives a company the upper hand to recruit, retain and even motivate their workforce.
By encouraging employees to be involved in charity and community activities promotes pride in their company and leads to loyalty, commitment and productivity.
By practicing social responsibility the relationship with regulatory authorities and the communities in which a company operates grows stronger and makes doing business with local authorities easier.
“Successful people have a social responsibility to make the world a better place and not just take from it” – Carrie Underwood