We live in an era where corporates should approach their social community relations activity with strategy.
It is mainly because expectation of members in society has continuously grown in terms of corporates' social role.
Major global corporates reg...
We live in an era where corporates should approach their social community relations activity with strategy.
It is mainly because expectation of members in society has continuously grown in terms of corporates' social role.
Major global corporates regard social community relations activity not as cost that they pay out of gratitude but as requirement for corporate's growth.
They have conviction that corporates' growth is closely related to development of the local community where they are located.
Of domestic corporates, such activity is proceeded mainly by large-sized corporates with the conviction that it is essential condition for improving their competitive power.
There is even a saying "Corporates which are not involved in social community relations end in fail."
Now corporates should satisfy not only their shareholders' interest but also various needs of various people who are related to corporates, which makes social community relations activity not an option but an essential factor in management.
An empirical study was undertaken using survey from 50 Busan-based corporates and 190 university students to analyse corporates' social community relations activity and their recognition.
The 50 corporates leading local economy mainly produce shipbuilding machine materials, steel, automobile parts, and so on.
Most of them participate in social community relations activity, but its level is not satisfactory enough.
To acquire effectiveness, the activity should be based on ethical management and CEO's clear philosophy.
Plus, keeping close relationship between corporates' and nonprofit organization through partnership is important.
Corporates' social community relations activity is shown to proceed more effectively when it is linked with the corporate's public relations.
The mass of people prefer corporates that are active in social community relations activity, which leads to workers' higher devotion and distinction with other competing corporates.
Domestic corporates including Busan-based corporates are running a race passing a new start line, adjusting new environment where corporate's social community relations activity changes from a strategic point of view.
As large-sized corporates participate in social community relations activity vigorously, Busan-based corporates are expected to make better effort to solve general problems in local economy with the assistance of local economic organization such as The Busan Chamber of Commercial & Industry.