Identification of Key Impacts that Businesses Have on the Local Community - Assignment Example

Summary

The author of the paper states that Businesses have a social responsibility to the community and they are therefore involved in community development to fulfill this obligation. This involvement has several impacts in that community both positive and negative. …

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Identification of Key Impacts that Businesses Have on the Local Community

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Subject: Management
Type: Assignment
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 2
Author: uptonpablo

Extract of sample "Identification of Key Impacts that Businesses Have on the Local Community"

The first of these impacts is the empowerment of the community as they become independent and have ways to earn a livelihood or even get the basic amenities they lacked easily. This empowerment will free their time for other gainful activities as well as provide a source of livelihood. The other impact is that the local community gets leadership and become more organized and coexist. The businesses require the local community to handle the projects due to sustainability purposes. This, therefore, means that the community has to have some form of organization on how the project will be run and maintained and this will lead to leadership.

This organization uplifts coexistence among the community members as well as fewer conflicts and hence the project is likely to be sustainable. This leads to loss of culture and even conflicts in the long run among the community members and spouses as well. This especially happens when the business people are involved in the project for a long period of time.

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