BUSINESS ENVIRONMENTS AND PUBLIC POLICY Essay Example | Topics and Well Written Essays - 1250 words

BUSINESS ENVIRONMENTS AND PUBLIC POLICY - Essay Example The company has a truly effective corporate social responsibility in the country. The Chief Executive Officer of the company, Mr. Penny, clearly states that a company does well when it does good-beneficiation (Goldsmith, Arthur 136). This has had a great impact in the growth of the country over time. De Beers Diamond Company believes in giving back to the society by contributing to the improvement of the living standards of the people of Botswana. This is seen through its commitment to better the infrastructure and superstructure of the country by building roads, hospitals as well as schools. The company has improved the social welfare of the Botswana people by implementing educative and awareness programs on health issues and most importantly on H.I.V and A.I.D.S. The company believes that helping the people of Botswana remain productive and live in better conditions will have a positive impact on its operations. In the economic aspect, the company has greatly boosted the countryâ⠂¬â„¢s economy. Its operations currently cater for one third of the Gross Domestic Product (GDP) of the country’s economy. Through the discovery of diamond in the country, the company has empowered the country to deviate from over reliance on the agricultural sector and has given it a competitive advantage in the diamond trade. Both the social and economic role go hand in hand. It is very had to separate the two as they are driven by similar factors. Through the economic gains reaped by the company from its operations, the benefits are able to contribute to economic growth, as well as foster, social development through the various projects. Through the economic role the company plays, the people are able to benefit from a more stable economic and this indirectly improves their standard of living. This is a perfect example of sound business practice. A company must be able to support its community, for whom it may not have existed. A business