Concepts of Business Communities (Grade 11 NSC Matric Business Studies): Flashcards

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Concepts of Business Communities
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Business citizenship alternative name

Corporate Social Responsibility (CSR)

Main purpose of business citizenship

Improve living standards & quality of life in communities

Legal requirement example for SA businesses

BBBEE Act (No. 53 of 2003)

Business benefit: Who social involvement attracts

Ethical investors & responsible customers

Effect of social programmes on company reputation

Enhances reputation & public perception

Reason for business training & education programmes

Communities lack qualified workers/need skills

Most direct business contribution to community

Creating job opportunities/employment

Training programmes benefit

Improve skills & productivity of workers & community

Tax payments' benefit to community

Maintain infrastructure & provide public services

CSR programme examples

Building schools, healthcare facilities, educational bursaries

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