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Carroll Chapter 13 Business and Community Stakeholders BSAD 470

I. Two major kinds of relationships come to mind when we think o the interaction between business and its community stakeholders.

            A. The first is positive contributions that business can make.
            B. The second is the harm that business can inflict on its community stakeholders.

II. Business can create a positive impact in two ways.

            A. Business can donate the time and talents of its managers and employees.
            B. Business can make financial contributions to the community or community organization.

III. Business should have some type of community involvement to benefit themselves and the community.

        1. Businesspeople are efficient problem solves. 
        2. Employees gain satisfaction and improved morale from involvement in community programs.
        3. A positive image in the community facilitates hiring.
        4. Often a company gains prestige and greater acceptance in a community when it gets actively involved.
        5. Social responsibility in business is the alternative to government regulation.
        6. Business helps itself by supporting those institutions that are essential to the continuation of business.