2.2 Explain ways in which businesses can deal with unemployment as a socio-economic issue.

2.3 Advise businesses on ways in which they can contribute time and effort in advancing the well-being of the community.

2.4 Discuss the impact of corporate social investment (CSI) on communities.

2.5 Explain the difference between corporate social responsibility (CSR) and corporate social investment (CSI).

Question

09-08-2024
Business

Answered

2.2 Explain ways in which businesses can deal with unemployment as a socio-economic issue.

2.3 Advise businesses on ways in which they can contribute time and effort in advancing the well-being of the community.

2.4 Discuss the impact of corporate social investment (CSI) on communities.

2.5 Explain the difference between corporate social responsibility (CSR) and corporate social investment (CSI).

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-08-09T02:20:39-04:00

Final answer:

Businesses can tackle unemployment through training programs and community involvement, while Corporate Social Investment benefits communities by promoting welfare and economic growth.

Explanation:

Unemployment as a Socio-Economic Issue: Businesses can address unemployment by offering training programs to enhance employability, partnering with government agencies on job creation initiatives, and implementing flexible work arrangements to retain existing employees during economic downturns.

Advancing Community Well-being: Businesses can contribute to the community by engaging in philanthropic activities, supporting local schools and nonprofits, and promoting environmental sustainability through eco-friendly practices.

Impact of Corporate Social Investment (CSI): CSI initiatives benefit communities by improving access to education, healthcare, and infrastructure, enhancing social welfare, fostering economic development, and building long-term relationships with stakeholders.

Corporate Social Responsibility vs. Corporate Social Investment: Corporate Social Responsibility focuses on ethical business practices and sustainable development, while Corporate Social Investment involves direct investments in social projects to address community needs and create shared value.

Learn more about Corporate Social Responsibility and Community Impact here:

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