Role of Business in Society

8/10/2019 Role of Business in Society

1/18

Divya P Krishnan

ROLE OF BUSINESS IN

SOCIETY


2/18

12 A M

TO12 AM


3/18

Positive???


4/18

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.


5/18

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


6/18

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.


7/18

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.


8/18


9/18

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


10/18

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.


11/18

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.


12/18


13/18

Negative role????????


14/18


15/18


16/18


17/18


18/18

THANK YOU

Documents

Role of Business in Society