How does the looting of shops and malls affect businesses in terms of relationship between Social Responsibility and Triple bottom line?
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Therefore, looting of shops and malls will affect businesses because the shops will be closed and there won't be profits or people, and since a shop is not running it cannot be socially responsible.
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The looting of shops and malls affect business in various ways.
- Firstly the most obvious loss is the loss of the good which would have been sold to the consumers to earn profits.
- Looting of shops would affect the brand positioning as well as a confidence of the consumers who would not prefer to go to those shops who were once looted or plundered.
- It is also the social responsibility of the consumers to be ethical in almost all possible ways.
- The triple bottom line is a business concept that motivates firms to do some social as well as environmental activities apart from just earning profit
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