Discuss how the services provided by one community development organisation in your locality helps business enterprises. - Leaving Cert Business - Question B - 2001
Question B
Discuss how the services provided by one community development organisation in your locality helps business enterprises.
Worked Solution & Example Answer:Discuss how the services provided by one community development organisation in your locality helps business enterprises. - Leaving Cert Business - Question B - 2001
Step 1
Identify the Community Development Organisation
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Answer
In my locality, the XYZ Community Development Organisation plays a significant role in supporting local businesses. They focus on fostering economic growth by providing various essential services.
Step 2
Discuss Financial Support Services
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One major service provided is financial support. This includes grants and funding opportunities for local businesses, which can be pivotal for startup investments and capital for expansion. For instance, the organisation offers micro-loans to help entrepreneurs initiate their projects with manageable repayment plans.
Step 3
Discuss Training and Skills Development
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Additionally, the organisation provides training workshops aimed at enhancing the skills of local business owners and employees. These workshops cover critical areas such as marketing, financial management, and customer service, which equip participants with the necessary tools to improve their business operations.
Step 4
Discuss Networking Opportunities
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Another important service is the facilitation of networking opportunities. The organisation connects local businesses with each other, allowing them to share resources, collaborate on projects, and create partnerships that can enhance their market reach and viability.
Step 5
Discuss Community Engagement and Support
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Lastly, the XYZ Community Development Organisation organizes community events that promote local businesses. These events not only raise awareness but also foster community support for local enterprises. By creating a robust community around these businesses, they can thrive more effectively in the local economy.
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