Business can positively influence how society operates. It can build and maintain social capital through its core operations; the goods and services it provides; and the activities supported through increasingly global and complex supply chains.
Business can positively influence how society operates. It can build and maintain social capital through its core operations; the goods and services itÂ
On one hand, entrepreneurship can provide opportunities for people to create wealth and improve their economic circumstances, regardless of their background or socio-economic status. This can help to reduce poverty and increase economic mobility, which can have positive effects on society as a whole.
The impact of entrepreneurship can be seen in areas such as job creation and economic growth, innovation and technology advancement, competition and market dynamics, social and cultural changes, and economic disparities and wealth distribution.
The sustainable business's social impact would include such items as the business's practices and policies related to working conditions, diversity in hiring, opportunities for advancement for women and minorities, lack of discrimination, and the provision of affordable health care and other necessary benefits.
