Once the economy grows sustainably, the competition between businesses gets more intense and complicated. Therefore, every corporate activity has a significant influence on consumer relationships. Businesses are also being held to a higher standard in modern society in terms of the values they contribute to the community and the environment, as well as their sense of responsibility. Not only do businesses need to focus on profit, but they also must emphasize their responsibilities to the community as a means to help businesses enhance their reputation and customer awareness. Compliance with the duty for corporate ethics, the conservation of the natural environment, and participation in community development promotes both the growth of the entire society and the success of enterprises. Vinamilk is an example of a business that has made outstanding positive contributions to the community. After a nine-year journey of initiation and implementation, “The One Million Trees Fund” has recognized the top ten best environmental activities in 2020. Many of us are becoming more familiar with Vinamilk and think about it when we intend to buy related products. Consumers, on the other hand, will boycott, or refuse to shop for products from firms that they don’t believe in their corporate ethics or social responsibility. Vedan has been operating in Vietnam for 20 years and is one of the successful marketplaces with items of certain interest. However, the fact that the firm was dumping waste into the Thi Vai River (Dong Nai) harmed the company's reputation and resulted in the current customer boycott of Vedan's products. This proves that, in addition to producing high-quality goods and services, social responsibility is a critical element in business. What businesses do today will greatly determine whether consumers will accompany the business in the future or not. Once customers have walked away, the damage to businesses is immeasurable.
Once the economy grows
sustainably
, the competition between
businesses
gets
more intense and complicated.
Therefore
, every corporate activity has a significant influence on consumer relationships.
Businesses
are
also
being held
to a higher standard in modern society in terms of the values they contribute to the
community
and the environment,
as well
as their sense of
responsibility
. Not
only
do
businesses
need to focus on profit,
but
they
also
must
emphasize their
responsibilities
to the
community
as a means to
help
businesses
enhance their reputation and customer awareness. Compliance with the duty for corporate ethics, the conservation of the natural environment, and participation in
community
development promotes both the growth of the entire society and the success of enterprises.
Vinamilk
is an example of a
business
that has made outstanding
positive
contributions to the
community
. After a nine-year journey of initiation and implementation, “The One Million Trees Fund” has recognized the top ten best environmental activities in 2020.
Many
of us are becoming more familiar with
Vinamilk
and
think
about it when we intend to
buy
related products. Consumers,
on the other hand
, will boycott, or refuse to shop for products from firms that they don’t believe in their corporate ethics or social
responsibility
.
Vedan
has been operating in Vietnam for 20 years and is one of the successful marketplaces with items of certain interest.
However
, the fact that the firm was dumping waste into the
Thi
Vai
River (Dong
Nai
) harmed the
company
's reputation and resulted in the
current
customer boycott of
Vedan
's products. This proves that,
in addition
to producing high-quality
goods
and services, social
responsibility
is a critical element in
business
. What
businesses
do
today
will
greatly
determine whether consumers will accompany the
business
in the future or not. Once customers have walked away, the damage to
businesses
is immeasurable.