Despite water being a very important commodity for the people, most of the world’s population has no access to it. There is unequal distribution of water, and thus, the water mandate initiative, a concept of the United Nations, seeks to bring onboard the business community in providing water to these people. This is the most important theme discussed in the videos, i.e. corporate social responsibility of the business community. Despite the business community changing since the 1970s years when the term corporate social responsibility emerged, there is more for the business community to do in relation to the society. Although some of the countries are still in their early stages of corporate social responsibility implementation, there is a considerable growth in the level of corporate social investment globally.
Globally, there are different business models, all developed from the nature of the business operations. Over the years, business environment has undergone through tremendous changes to what it is today. However, there is no hope of these changes stopping. Rather, the business models will keep changing, to suit the underlying conditions. According the videos however, the current business model seeks to improve its relationship with the stakeholders and the society in general. This is only possible through corporate social responsibility. Moreover, the business community strives to establish a good relationship with the shareholders. As businesses increase their corporate investment plans, subsequently increasing their public investment budgets, they should strive to ensure that they do not compromise their relationships with the shareholders. The business model invests in various social plans and funds certain activities such as concern for the environment, funding water projects, among others.
The most important aspect of this model to ...Show more