“The role of business is to serve the larger society, which is best accomplished by being responsive to the larger society.”

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Issue:

Business

 

Written by:

Chris M

 

Date added:

August 24, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1027

 

Was viewed:

7676 times

 

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Essay content:

Proponents argue that by being socially responsible, corporations benefit in multiple ways by operating with a perspective broader and longer than their own immediate, short-term profits. The objective of the business is to produce the goods and services that are demanded and affordable by the people...
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The function of the business is not to provide donation and charity. But the business should remain within its environment, which consists of social, economic, legal, technological and political environment. It should pay attention to the factors around it in order to live within its environment. According to Koontz and Fulmer, “While their major purpose is economic, their very survival depends on doing those things compatible with their environment...
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