Besides maximizing shareholder value, businesses should also behave in a way that benefits local communities and society.
SARASOTA, Fla. – July 1, 2021 – (Newswire.com)
Companies are under increasing pressure to be held accountable by the public and stay true to their mission in a way that’s transparent — yet also benefits the greater good. PressRelease.com and its affordable press release distribution services are a useful tool for businesses in their goal to stay connected and transparent while at the same time expanding their reach.
“Volunteering, environmentalism, and other forms of philanthropy are just a few ways for a business to get their name out there and make an impact on people in a unique way,” says Erik Rohrmann, COO at PressRelease.com. “Social responsibility can have different meanings for each industry and each organization; it’s essential to understand the target audience to facilitate a more meaningful connection.”
There’s no shortage of companies looking for new ways to connect with the public through socially responsible acts. Back in 2015, CEO of Gravity Payments Dan Price famously took a 90% pay cut to bring the salaries of 130 employees to a minimum of $70,000 per year. “Six years later and our revenue has tripled,” Price said in a 2021 People.com interview.
Investors, workers, and consumers alike are paying more attention to organizations’ commitment to socially responsible initiatives before investing their time and money into them.
Through strategic press release distribution, businesses begin integrating socially conscious initiatives and campaigns as part of their core operations and promote a more sustainable balance between maximizing profit and doing good.
PressRelease.com helps CEOs and business leaders improve their targeting and reach via simple and effective press release distribution services. To learn more about how to create newfound value through press release content, visit PressRelease.com.
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Transparency and Social Responsibility Are More Important Than Ever, Stay Connected With PressRelease.com
