Question

Tri-State has come off a very good year financially and has plans to do more for the community. You discuss with the CEO your plan to do the most good at the lowest cost. The CEO asks, "Why don't we just make a financial donation to a worthy cause?" What is the best response?

Answer 1

Tri-State could simply donate money, but there are additional ways that Tri-State could achieve the same positive impact at a lower cost.

Explanation:

Social responsibility is characterized as managers ' duty and determination to take measures to protect and develop the welfare of community and to protect their own interests.

An organisation has a variety of resources including people, money, skills and practical know-how.

If a company has these tools in place, it can work better with social goals. If a company now lingers on solving social issues, they end up creating urban conflicts so that there is no room left to achieve their goal of providing goods and services.