BusinessWorld is a Philippine business newspaper that has a circulation of over 117,000. It was first published in 1967 and was the first daily business paper in Southeast Asia. It is a micro-society within a macro-society. It covers topics like business, finance, and the economy.
The business world is a universe of several companies overlooking several businesses.
The business world is an active topic involving purchasing and selling goods and services. It is also a highly profitable endeavor that contributes greatly to the development of a nation. It is one of the few activities that can lead to big profits in a short time.
It has a social responsibility.
The business world has a social responsibility, and companies must be aware of it. Its financial and human capital is vast, and it should devote some of that capital to address social issues. In particular, the most capable employees should take on such roles. Companies should be aware of their power to make a difference in society and to promote a sense of community and belonging.
Many companies have implemented socially responsible practices, including hiring more refugees, veterans, and the youth. Companies like Google have also shown a commitment to the environment and their CEO is known for taking stands on social issues. Pfizer, meanwhile, has focused its corporate citizenship efforts on healthcare initiatives. The company has made strides to spread awareness about non-infectious diseases, and it helps provide healthcare services to women and children in need.
Moreover, companies with a social responsibility policy will likely attract motivated employees. Since millennials are more socially conscious than previous generations, working for a company that takes responsibility for its actions will be more attractive. Moreover, a company’s employees are likely to display organizational citizenship behaviors, such as altruism and representing the company outside the workplace.
Some companies have become very famous for their socially responsible business practices. Some companies have devoted pages on their websites to their environmental policies. These companies also use climate-friendly freezers and packaging and support charities. Many social commentators believe that companies are responsible to the next generation and the natural environment.
As competition for consumers and clients is fierce, companies with a social responsibility policy are more likely to succeed in their business. The goal is to achieve long-term goals that benefit society and employees. This approach helps companies build a strong brand and keeps them at the top of people’s minds.