“the Role of Business Is to Serve the Larger Society, Which Is Best Accomplished...

According to the above statement, the role of business is to action the larger family. There are many arguments about whether business firms should serve the larger society or non. According to the traditional envision, earning pay is the primary objective of the business. Some people hold the view that the business of business is businesses. Critics argue that reactivity of business towards the society distracts from the fundamental economic role of businesses, others argue that it is nothing more than superficial window-dressing, still others argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful multinational corporations. yet in the present context of globalization and market economy, thither is new emerging view that business has social obligation, because it is as well as one of the indispensable organ of the society. Therefore they can not escape from social obligation, and the objective can be to concur social obligation along with earning profit. Proponents argue that by existence socially responsible, corporations benefit in multiple ways by operating with a perspective broader and longer than their own immediate, short-run profits. The objective of the business is to produce the goods and services that are demanded and cheap by the people.

The function of the business is not to provide boon and charity. But the business should remain within its environment, which consists of social, economic, legal, technological and governmental environment. It should pay attention to the factors around it in order to detain within its environment. According to Koontz and Fulmer, While their major purpose is economic, their actually survival depends on doing those things compatible with their environment. In this way, it is necessary for a business to become responsive to the larger society. Social responsiveness means a business should be aware of the factors in its social environment and the need to respond. Corporate... If you want to get a full essay, order it on our website: Orderessay

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