Question

What are three organizational benefits of socially responsible management practices? (Name three practices when drafting your answer). (Under 200 words).

Answer 1

1):-Their are numerous benefits of social responsible management practices.

•Responsible business reputation:-social investment can help business to build reputation as a responsible business which give advantage in competitive field.

•Costs saving :-by effective management the cost of waste are decrease and resources ultilized efficiencentlyefficiencently etc with responsible management are able to reduce -their bill and also create Ecofriendly environment.

•Finding and keep talented staff:- being responsible of management , business are able to recuit, and retain exiting employees due to responsible management and active management employees are also motivated to work in business with full of excitement and enthusiasm.

• better recognition of brand in business.

• good management create high reputation of business.

•due to peace and coordination between management and employees work are also take place without any conflict.

• customer also get cheap and qualities good due to efficiency in work and low prices products Manufacturation.

•financial performance are also good.

• ability attract more employees toward toward business.

• organization growth with speed.