IGCSE, A Level Business Student Forum

Q14 Analyse the possible objectives of community towards a business. [6]

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Possible Structure
[KN]
[AN]
[AN+]

[KN]
[AN]
[AN+]

[KN] Economic development
[AN] Communities often expect businesses to contribute to their economic growth.
[AN+] They may look for job creation, increased tax revenues, and improved local infrastructure resulting from business activities.

[KN] Social responsibilities
[AN] Communities may expect businesses to be socially responsible by giving back to the community through initiatives such as donations to local charities, supporting education, or engaging in philanthropic efforts.
[AN+] This fosters goodwill and strengthens community ties.

[KN] Community Investment
[AN] Businesses may be encouraged by communities to make investments in local services and infrastructure.
[AN+] This could be giving money to or taking part in initiatives that improve public spaces like parks, schools, and healthcare centers and raise the standard of living for locals as a whole.

[KN] Public Engagement and Participation
[AN] Businesses may be encouraged by communities to actively interact with locals and take part in local affairs.
[AN+] This could entail going to public meetings, working with neighborhood organizations, and hearing the opinions and concerns of the local population.

[KN]job creation
[AN]businesses would provide job opportunities for the people to help them gain incomes
[AN+]this would allow them to improve lving standards

[KN]environmental and social responsibility
[AN]they expect businesses to minimize their non-ecofriendly moves to make the living environment better
[AN+]this builds a great reputation of the business in the eyes of the community

[kn] job creation [an] the more the businesses the more the availability of jobs for the community [an+] this will increase their disposable income further increasing their standard of living

[kn] support the locals [an]not just the community but the form is obligated to help the people in events and charities or times pf need[an+] this can help create a bond of family between the two

[kn]to get social responsibility from the business
[AN]communities may demandbusiness toget social responsibility initiative such as supporting local charities promoting diversity and inclusion or addressing social issues
[AN+]businesse that fulfillbtheir social asppects can improve their reputation foster communit goodwill.

[kn]to gain economic development
[AN]many communities aim to promote economi growth and job develoment. so the expect busness to invest in the local economies and create job opportunities
[AN+]thus business can boost the local economy and improve the living standard of the people

[KN] lack of pollution
[AN] they look forward to minimize pollution in the area
[AN+] so they can live an safe an healthy life

[KN] social responsibilities
[AN] the community's aim is that the business does not effect the environment and help those who need it
[AN+] social responsibilities also means business donate to locate farewell firms as the responsible stakeholder

KN] Economic development
[AN] communities want businesses to provide employment opportunities to the general public and to contribute to the economy
[AN+] thus businesses can improve the living standards of people

[KN] Safety and Health
[AN] communities want businesses to provide health and safety to the workers by offering different health or insurance plans
[AN+] thus motivates workers to keep working and help business achieve their goals

[kn] less or no exhaustion of natural resources
[an] the community wants that resources that are taken should barely damage the environment and should only be used for as much as needed
[an+] therefore community wants that social responsibilities are fulfilled
[kn] employment opportunities
[an] community wants that economic development take's place and businesses contribute towards the economy
[an+] which will help improve living standards of the economy

[KN]Employment opportunities
[AN]Community includes labour force and unemployed people look up for new job opportunities every now and then to increase their incomes
[AN]leading to high SOLS


[KN]Less exhaustion of resources
[AN]Businesses may produce by disregarding external cost, a community would want a business to acknowledge the effect of production on environment in order to reduce pollution,reduce depletion of resources which means community wants the businesses to fulfill their corporate social responsibility
[AN]As a result quality of life may improve

[KN] less exhaustion of natural resources
[AN] sustainability
[AN+] little harm to the environment eg less pollution

[KN] employment oppurtinities
[AN] people will be able to earn and gain skills
[AN+] improve their living standards

[kn] less pollution
[an] business activity cannot negatively impact the environment
[an+] assures sustainability over time

[kn] employment
[an] more job opportunities in the community
[an+] people will purchase more from business

[KN] Less creation of external costs.
[AN] Communities may aim for this to make sure every individuals heath and to not compromise on their energy.
[AN+] Thus this will result in maintenance of the quality of output people produce because of good health maintenance.

[KN] More employment opportunities.
[AN] This will increase total living standards of people with a reduction poverty.
[AN+] Thus this will result in a healthy environment among the community and peoples purchasing power will increase which will benefit the business directly.

To achieve economic development
many communities aim to promote economic growth and job develoment. so they expect the business to invest in the local economy and create new job opportunities for the locals hence businesses can boost the local economy and improve the living standard of the people



For social responsibilities
The community will want for the business to not effect their environment and help the community by giving them employment opportunities and setting up charity events for the less fortunate people in the community