Question

Sourcing a supply from a small, women-owned business is an example of a corporate social responsibility action to?

Answer 1

Sourcing a supply from a small, women-owned business is an example of a corporate social responsibility action to promote workforce diversity.

What is workforce diversity?

Workforce diversity means  having a workforce that comprises of people of diverse backgrounds, cultures, genders, orientations, races, perspectives and shared values.

In a bid to give a greater sense of belonging to the women folks(the same it has always be given to men folks), a firm may decide that it needs to source certain inputs or resources or materials from a small, women operated businesses, which in turn promote the corporate image, brand awareness and also functioning as a way of the firm giving back to the society or leaving positive impact on its host community.

Overall, such kind gesture would reflect on the financials of the company sooner or later by a way of increasing sales revenue and consequently, increase profitability

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Answer 2

Sourcing a supply from a small, women-owned business is an example of corporate social responsibility activities to promote workforce diversity.

This is further explained below.

What is workforce diversity?

Generally, Diversity in the workplace refers to the aggregate mix of individual workers' qualities, both unique and shared (including individual characteristics, values, beliefs, and experiences.

In conclusion, One example of a corporate social responsibility activity that promotes workforce diversity is purchasing a supplier from a small company that is owned and operated by women.

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