Top Tutors
The team is composed solely of exceptionally skilled graduate writers, each possessing specialized knowledge in specific subject areas and extensive expertise in academic writing.
Order for this Paper or Similar Assignment Writing Help
Click to fill the order details form in a few minute.
Posted: August 15th, 2022
Social Impact
Social impact
Summary of Key Points
As of 2019, investing in social impact became imperative for businesses for them to attract and retain the best talent for the company.
Companies’ are today more sensitive towards gender parity, empowerment and equal pay among other issues.
This is largely due to the new wave of potential recruits; mostly millennials, that first assess the companies’ social impact before agreeing to work with a company (Doerr, 2019).
Additionally, social impact is crucial towards the engagement of a rising number of stakeholders; who care deeply about the business.
This is by and large as a result of stiff competition that exists in the market for almost anything that causes a lot more consumers to purchase from companies that align with their values.
Furthermore, increasing social pressure, the need for transparency by customers as well as the growing attention to the current geopolitical environment saw a big trend in 2018 where big companies were exploiting social impact to inspire brand loyalty (Doerr, 2019).
Due to the lack of metrics that quantify the social impact of the business; the factor brings forth plenty of criticism.
However, the determination of the key measurements to be tracked, putting in place processes to track them, and collecting and analyzing data will alleviate this issue.
Moreover, adoption will also encourage the reaching of sustainability goals.
Analysis
I believe that companies will be able to improve their relationship with consumers once they implement social impact as part of their goals.
This is mainly because; the new age is more critical and impartial at looking at how the world can be made better.
Social impact will mostly bring forth positive outcomes to society especially concerning public policy matters based on the overall picture of the outcome; although it may lead to some cost implications that may appear negative to some organizations.
References
Doerr, P. (2019, January 14). Four Ways Social Impact Will Affect Businesses In 2019. Retrieved from https://www.forbes.com/sites/patsydoerr/2019/01/14/four-ways-social-impact-will-affect-businesses-in-2019/#5c1d7c556e71
Why Choose our Custom Writing Services
We prioritize delivering top quality work sought by students.
Discounted Pricing
Our writing services uphold the utmost quality standards while remaining budget-friendly for students. Our pricing is not only equitable but also competitive in comparison to other writing services available.
0% similarity Index
Guaranteed Plagiarism-Free Content: We assure you that every product you receive is entirely free from plagiarism. Prior to delivery, we meticulously scan each final draft to ensure its originality and authenticity for our valued customers.
How it works
When you decide to place an order with Dissertation Help, here is what happens:
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.