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Interdependencies Between Companies and the Communities

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 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 ...

Solution Summary

This solution is a brief outlook of the interdependencies between companies and communities.