07 Jul

What Corporate Social Responsibility Means to your Business

Posted in Customer Service, Synergy Suggestions on 07.07.16 by John Meloche

Yesterday we talked about the Synergy Team: the local soccer team we sponsored that’s representing their country in Turks and Caicos right now. We discussed the benefits of such charitable actions. Today we’re going to elaborate more on the ethical side of a business and how good morals can improve your business in all sectors. Now this all has to do with Corporate Social Responsibility(CSR). What does CSR mean? Well, Corporate Social Responsibility is essentially what your business does for your stakeholders, meaning what your business does for anyone who’s impacted by your operations.

Now that we know what CSR is, why should businesses practice it? Why should businesses be motivated to being proactive partners in their community? Well for one, when you are kind to your community, then your community will give back. We mentioned this yesterday, if your community knows that you’re trying to help them, then they will support you. Now by community we’re not just talking about potential customers. Employees are also included in this conversation and when they see that you’re trying to help them out, they will dedicate more effort and work to your company. This in turn strengthens your operations and makes your business more efficient.

CSR also serves as a superb promotional tool. It’s a great way to get your name out there and make your brand known. The publicity you receive from these CSR activities are extremely beneficial to your company as they only help you reach new clientele. The best part about this, is that your name is out there and it’s in a good way: it’s all good publicity!! The result is you gain more respect throughout the community because of your kind actions.

CSR is a dynamic tool that can trigger growth and additional success for businesses. It has a significant impact across all functional areas of a business. Putting money into the community could be the best way to garner further customer support. So the best investment, is the one in your community.

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