Question

Compare and contrast the different ways in which companies are motivated to be socially responsible.

Answer 1

Actually some companies are motivated to be socially responsible by knowing the fact that they are able to survive and run in the market just because of the support of the society and thus the companies feel that they must do something in return for the society as well.Thus this is one of the reason the companies get motivated and they apply various efforts for the welfare of the society by creating various job opportunities for the people who don't have any job. Also some efforts are applied towards the consumers that they must be provided best quality of goods and services and the consumers must be treated with very good behavior because customers satisfaction is of top importance for any company.Also the companies get motivated by seeing the other companies doing various social responsibilities in a very good manner.This also becomes a reason for doing the social responsibilities by various companies.Such responsibilities help companies earn a very good reputation and profits in the market and such companies are able to survive for a very long period of time.Also such companies are able to develop trust in the minds of consumers.Another reason for doing social responsibilities can be that the companies might be feeling that they need to do some activity and action which might be opposed by the society then to make people happy and satisfied such responsibilities help in carrying out different activities in a positive manner so that the companies can do any activity in a free manner.Thus these are the various reasons which make the companies socially responsible.