role of business in society
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Divya P Krishnan
ROLE OF BUSINESS IN
SOCIETY
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12 A M
TO12 AM
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Positive???
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Business is the cornerstone of prosperity in
societyCompanies create the resources that permit
social development and welfare.
The basic objective of business is to develop,
produce and supply goods and services to
customers.
Companies basic commercial operations are
the primary benefit they bring to society.
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Supplying goods and services that customer cannot, ordo not want to, produce themselves
Creating jobs for customers, suppliers, distributors and
co-workers. These people make money to support
themselves and their families, pay taxes and use theirwages to buy goods and services
Continually developing new goods,
services and processes
Companies benefit society by
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Investing in new technologies and in the skills of
employees
Building up and spreading international standards, e.g.
For environmental practices
Spreading good practice in different areas, such as
the environment and workplace safety
Companies have always had to interpret societysmoods or else go out of business. Companies have
always had to adapt to fit in with values and norms.
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Companies interact with society andhave different relationships with
different players.
All these business people invested
their money, their time and their skills
to entertain you, the consumer.
Business has one primary role and one
only: to serve consumers.
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The social responsibilities of business
CSR is often described as a voluntary responsibilityabove and beyond the demands of national legislation
and which encompasses issues such as human rights,
environmental responsibility etc.
CSR is the way in which businesses work towardssustainable development.
CSR=the corporate contribution to sustainable
development Economic growth
Social development
Environmental consideration
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It supplies work , is the creation of good
quality, well paying, interesting and stable
jobsIt has transformed the way we live
It has expanded the opportunities for travel,
learning, leisure and entertainment.
Business is the vehicle through whichcountless individuals apply their talents to
achieve their own aspirations and to the
service of others.
Business provides opportunities for people to
earn income on their savings through
investments in firms.
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Many companies are doing well, achieving new levels
of reach, innovation and brand awareness.
On the other, operating at global scale means theycome face to face with the worlds most pressing
problems
including climate change, poverty, resource
depletion, inequality, fast-growing populations indeveloping countries and ageing populations in
developed ones.
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Negative role????????
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THANK YOU