Question

Discuss how being a responsible business enterprise can impact performance and competitive position?

Answer 1

I believe that each and every business organization in addition to generate profit should possess some other responsibilities as well which are generally the social and community responsibility and today even corporate social responsibilities are a measure to understand the performance of a business. According to me, a responsible business is that who takes care of the interests of all the stakeholders involved like the employees, clients and the organization. Generally a business takes care of the clients and the organization's interest but the employee are being ignored in various cases which needs to be avoided because there are one of the most important stakeholders because they generate direct revenue in most of the cases hence their interests should be taken care and if that is done then it has an impact in the performance of the employees and the impact is positive for the organization. For example if an organization is quite serious about their employee needs then the employees will actually feel that they are valued and it will make a positive impact on their performance.

It is the responsibility of an organization, to make the employees feel secure because if an employee feel that they are secure in the organization then that is greatest thing they have and they may go far to make the position of the organization better in any cost. If the performance is made better and the employees prefer the organization and consider the organization to work for then that gives the organization a competitive advantage over the others which makes the organization ahead of their competitors and stand out in the crowd.