Angela L.

Barron 10-1-23
BSHM701

1. Corporations often have to provide social services because governments fail to

do so and societies (as well as employees) expect corporations to fill the gap.

- It means that companies frequently find themselves filling in for governments when
they are unable to do so due to a variety of reasons and that this corporate participation
can assist in filling gaps in social services. They fill the gaps left by the government in
terms of social services and unmet needs.

2. Corporations take risks by participating in social services because it is difficult

to reconcile social needs with shareholder interests.

- When providing social services, corporations do so at risk since it can be difficult to

balance the different interests of their shareholders with the larger societal duties they
must accept. It draws attention to the added pressure and difficulties that businesses
often face when they take on projects that are unrelated to their main objective.

3. Corporations also take risks by participating in social services because once

involved, it is very difficult for a corporation to pull back from its commitment.

- When a company participates in social services, there are risks involved, both in terms
of the initial commitment and the potential for disengagement. The significance of
thorough planning, constant evaluation, and a dedication to long-term sustainability is
highlighted by this while undertaking social service programs. When deciding how to
approach their social responsibility initiatives, corporations should be aware of these
challenges and take them into account. Communities and individuals become
dependent on these services.

4. Activities that are perceived to be an essential service (e.g., medical, water, or

power services) can create significant social and public relation challenges for
the corporations that provide them.
- People's well-being and the operation of society depend on essential services.
Companies that offer essential services are subject to tougher public accountability
requirements. People rely on these services for their everyday needs, therefore any
disruptions or issues could have serious consequences right away. These businesses
must give public relations initiatives top priority.

•Based on these relative strengths, which public services should the government
handle, and which should business handle?

- Infrastructure, education, and healthcare are the three public services, in my opinion,
that the government should be in charge of. The government needs to be in charge of
providing these to each and every individual. Everyone needs these requirements, and
the government is responsible for providing them. Technology, entertainment, and
media innovation, particularly in the area of transportation, should be handled for
business purposes. everything that is universally accessible.

• What controls should be in place for private corporations that run public
services, and what controls should be in place for governments that run public
services?

- The controls that should be in place for private corporations that run public services,
and the controls that should be in place for governments that run public is by being
transparent on every operation and process. Information regarding their activities,
finances, and performance should be made available to the public and regulatory
agencies.