Civic Vergement - 1038 Words

Every corporation must start somewhere meaning they must research where they want to be located. To find an appropriate location, research is necessary because they cannot just build their business wherever they want because that can be considered acts of aggression if they do not ask the community for them to be in that area. So, to avoid confrontation corporations can ask the community and give them their intent and how they are going to improve their community. With them taking the extra step of asking for help from the community, then the business will run more smoothly. Community is defined as the area in which the corporation is doing their business and usually a city, a town or the assets of an area. Having a good community to†¦show more content†¦As discussed in class with one of the videos where a company wanted to cut down trees in the community, the people protested to reserve the forest and the company did not get the rights to operate in that region With them re ceiving the license, they must community relations because their success depends on the community and for most times if a corporation is too big, they hire a community relations manager who oversees interacting with the local citizens. some of the ways in which they can interact with the community is by having an economic development, housing, aiding minority, women and disable veteran own enterprises. This can be corporate social responsibility because they are paying it forward to the community that is supporting their business or corporate giving. This is defined as companies giving out some of their assets or eve cash to the public to help them improve the public wellbeing and this usually includes volunteering. According to Fortune magazines, Walmart, wells Fargo, bank of America, ExxonMobil are the top companies known for their corporate giving. Although, these companies have faced scandals such as Walmart is known for outsourcing, well Fargo was under fire for opening fake ba nk accounts they still have customers because of their reputation of giving back to the public. Some of the different ways of corporate giving include in-kind contributions this where companies donate some of their products to the