Question

Are "social business" initiatives beneficial or not to a business?

Answer 1

Social businesses are beneficial for the society. Now a day’s corporate are linking their entrepreneurship skill with the societal cause. Here are some benefits for the same.

• The social business initiatives make the relation between the customers and companies strong. The customers feel emotionally attached with the companies. Social business are open, transparent easy to accessible that is why the customers can communicate with the company at the platforms which they are comfortable with. It gives them satisfaction for same.
• The social business initiatives help the company to understand the customer’s behavior more closely. Further it can understand their behavior, actions and sentiments as well. It demands they have better probability to target the audiences with the products. They can modify their product as per the customer needs.
• Employees are also satisfied with the social business initiatives. They feel that they have contributed back to9 the society from which they take so much.
• It gives better productivity because of the social business initiatives the internal floe of the commutations get very strong.
• The reputation of the company is increased.

So these were some benefits of the social business initiatives.