Discretionary Responsibilities
What are Discretionary Responsibilities?
Discretionary responsibilities refer to initiatives that are assumed voluntarily by an organization. They consist of good citizenship, public relations and full corporate responsibility. Managers tend to enhance the company’s image, products and services through public relations activities by supporting commendable causes. According to the bank of America’s 2011 report, it appears to be concerned with discretionary responsibilities. Writers who offer strategic management assignment help at Edudorm essay writing service notes that the report highlighted the steps forward made to bring transparency and fairness in the products produced by the company and this includes investing in undeserved and communities with low incomes, humanitarian investments to tackle long term and immediate needs of the community, and environmental initiatives focused on company and customers (Bank of America report, 2011). Additionally, bank of America is reaffirming commitment to help more than 690,000 home owners purchase a home. It is also committed to raise funds for supporting economic expansion, investing in new small business loans, hiring new small business bankers and financing rooftop solar projects for sustainable energy sources. Such initiatives are efforts to deliver discretionary responsibilities to the people.
Significance of Discretionary Responsibilities
It is important for a global company to be concerned about discretionary responsibilities. It helps to enhance global economic development. It is also important because it promotes healthy competition among companies which is beneficial to the community and all stakeholders. Discretionary responsibilities help to minimize destruction environmental destruction and cases of human rights abuses (Idowu, 2016). This is because this type of responsibilities involve public relations and citizenship and this protects the rights of citizens. Experts who offer business assignment help at Edudorm essay writing service indicates that since discretionary responsibility is aimed to ensure safety of the citizens, it addresses the negative impact of the company to the environment for instance addressing pollution, global warming, and waste disposal. Therefore, it is important for any global company to get concerned about discretionary responsibility.
References
Bank of America. (2011). Corporate Social Responsibility Report Showcases Local Impact, Global Momentum.
Idowu, S. O. (2016). Key initiatives in corporate social responsibility: Global dimension of CSR in corporate entities.
