Interdependencies Between Companies and the Communities
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Define a community, and explain the interdependencies between companies and the communities in which they operate. Also, debate the balance between stockholder rights, as opposed to other stakeholders in the community.
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Solution Summary
This solution is a brief outlook of the interdependencies between companies and communities.
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Solution by Gregory Grant
Community Definition
A community is an intentional social connection between groups of people and companies that are built on positive networking actions such as service, participation, and interaction. (Rabinowitz, 2007-2011) Characteristics of a community is that these groups share common interests and shared goals coupled with personal and business relationship-building. One of the various goals of these relationships are to improve its communities by the products and services offered by ethical organizations both profit and non-profit.
Company & Community Interdependence
Company's profitability is heavily depended on the engagement of the community. One context of the community is its target market. If the community does ...
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