Is the Business of Business only Business?
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- Assume, you one of the member of a real group discussion.
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Koundinya Deshik said:
(Mon, May 14, 2012 10:50:11 AM)
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| Yes business of business is only a business!Let me explain clearly!all were saying that customer satisfaction, social responsibilities etc etc but in this context, for what the customer satisfaction seek to?even customers will satisfy if they delivered a product which is of low hike so as the end users, merchants etc! The term business itself refers business business business, One may say anything infront of market but the background tasks carries everything money money money, no money no satisfaction, no responsiblities, no acceleration!RatanTata might dream every every individual owning a car does it mean he didn't expect any profit in that sales? Does it mean reliance gives full high speed internet connection without any business tactics to BEAM providers? If an individual Think practically, they will definitely realise this!a. |
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Rate this: +4   -4
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Sarosh Akhter said:
(Sun, Apr 15, 2012 12:20:03 AM)
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| Hi friends, according to me business is not all about profit, because if we seeking for profit only, gradually we lose our customer and each and every business depends on their customer. So we have to deliver good service first to make our goodwill, once we made the goodwill we can earn more. It should be the responsibility of every business to keep their customer happy. |
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Rate this: +17 -4
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Nandini said:
(Tue, Apr 10, 2012 12:25:15 PM)
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| In my point of view business is not only business. Yes I agree with that all business man looking for only and only profit in today's life but they forget if they not give best service to consumers they gone in loss they have a big responsibility to provide best service to consumer who blindly believe them. If they satisfied from those business only then those business can get profit otherwise not. Consumer is leader of all and each business. |
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Rate this: +6 -2
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Priya said:
(Thu, Apr 5, 2012 02:55:53 PM)
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| Hello friends, I think business of business is not only business. If a firm only thinks of making profit and not customer satisfaction then it'll not survive in market. It has to make goodwill in the market once goodwill is created then the company has full faith of customer and obviously hell earn profit. For eg. Their are two companies one company is selling a product at higher prices as it has to earn profit only and other company is selling the product at a sightly lower price so obviously the customer ll buy the profit from the second company and after sometime when company will earn goodwill then company will increase the price and start earning profit. |
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Rate this: +3 -4
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Haresh Dholariya said:
(Tue, Mar 27, 2012 06:46:52 PM)
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| I think business is not a business reason is that today in competition era every company have same product so way choose any one out of them because they provide more satisfaction and doing right thing for society and the company contribute their profit for society like ITC contribute 1 rs. Every stationary product so that is good thong to do and pay society whatever you earn from society. |
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Rate this: +1 -2
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Jordanz said:
(Sat, Mar 10, 2012 11:28:54 AM)
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| Business is definetly not in term when we say its only meant for profit. Originally yeah of course, its main aim is profit making and pulling the business to the summit. But this does'nt mean it only concentrates on this objective. Many compnies nowadays are contributing as far much as we can see to the society. Infosys for that matter. They are devising programs in setting out various activities that would make us youths to help them in contributing to their customers: as normally youths mentality and expressions are far beyond creative. So if this s the case that business is business and only business, then whats the point in adapting a mission and vision statement. Thrash them right away. |
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Rate this: +4 -3
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Sajal Jain said:
(Wed, Mar 7, 2012 05:26:55 PM)
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Business of business is not only concerned for profit it is also about services provided by BPO sector.
Profit is the major factor but business process outsourcing is also one of the major term which can be discussed over here. |
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Rate this: +4 -4
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Sajid said:
(Sun, Feb 26, 2012 06:13:58 PM)
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| I think business of business is the only business because if we go some years back the government asked every company to invest 2% of their total revenue in CSR but the studies show no company has spend more than 0. 089% of their total revenue all they care about is profit because if we look at the selection process of best companies in the world the main critaria on basis of which the company is awarded is profit and only profit, in case of selling the products ultimate objective is selling more and more so as to earn more and more profit. Not only selling but the motive of advertising is also making aware the consumers about the product so that they will buy only their products and company will make cash entries in their balance sheets we all know demand is directly propositional to sale and sale leads to profit so all they care about profit even if they provide better quality they charge you for everything quality, transportation, advertisement, and technology. So I would love to say business is only business. |
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Rate this: +18 -2
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Ajit Sahoo said:
(Sun, Feb 19, 2012 07:57:47 PM)
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| If any investor is investing money, there no doubt he/she goes for profit but we are leaving in one society, we are responsible for our social responsibility. Corporate world has social responsibility. Making profit, generate revenue and going for growth without this company or business man cannot sustain. |
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Rate this: +1 -3
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Onkar A Puranik said:
(Thu, Feb 9, 2012 04:55:22 PM)
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| Yes I am agree of the point which is our pointing out. This is only way in business to do the great deal of business. So as we can handle as much we can. As per taking into consideration of relative business strategies we can say that business is business only for business. And in in it propriotor look in his profit maximization and this is the best strategy. It also creats new ideas for the future of the particular compony. |
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Rate this: +4 -13
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Puneet said:
(Wed, Feb 1, 2012 09:40:03 PM)
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| In the existing scenerio the organisation not only think for profit maximization but they also think about the society point of view that is why they are indulging in csr activity also. I wanna give you an example of it like when you purchase any classmate register then every time 1rs given for the poor person and its a good activity by them. Most of the organisation inspired by these work to doing csr activity. |
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Hemant said:
(Tue, Jan 31, 2012 05:17:04 PM)
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In current emerging and compitative market no business can able to survive by the motive of profit only. If they think about only profits and not for the customers than society as a whole reject the product and its become a reasoning of the failure of the business.
Concept of CSR is adopted by many companies in all over world only because they know that today buyer is the king of the market.
There are choices for the customers for a similer product. If one company which supply product only with the motive of profit compete with another having CSR policy, surely the later one will be winner.
Business entities are using the resources of the society so they are responsible for society for fullfiling their need by earning a reasonable level of profits.
So business of business is not only business. |
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Rate this: +13 -1
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Pratibha Kumari said:
(Sun, Jan 22, 2012 01:01:16 PM)
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Business is not only business. It increase the society value and help in the society. Because if society value increase then business profit will also increase. They can do business on across the state or country and make own reputation. If you talk only profit, its mean you can earn money through crime, cheat etc. But you can not make own reputation in your society. So business is not business. Business means, you do work through employee its means you have ethics. Businessman think if their society become rich then he can also profitable.
Business wants firstly customer satisfaction then he get profit. Many company wants only profit, so they never invest in school, hospital for poor. |
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Rate this: +4 -1
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Abhi said:
(Tue, Jan 17, 2012 08:38:40 PM)
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| According to my point of view. Business of business is only business is true, atleast for today's era n genration and its only motiv is profit, profit and profit. If we talk about FDI in India then our major industries don't have any problm with this foreign invsment just becaz thy will get profit from the FDI's but our local shopkeeprs oppose FDI why. ? why they oppose foreign investment in retail just because it will harm their business n directly affect their profit. So in this genration there is no place for emotions evryone thinks about his/her persnal profit. So why not these business persons. |
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Rate this: +8 -5
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Mohanapriya.M said:
(Sat, Jan 14, 2012 10:42:45 AM)
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| In my point of view, the above statement saying "business of business is only business" is exactly true. Because nowadays no business men think about the development of the society. They have no worries or care about the common people. Their intention is only on money. They work only for the prosperity of their company or institution. Thus the above phrase is an awesome match for today's business people. |
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Rate this: +4 -2
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Avishek Sengupta said:
(Thu, Jan 12, 2012 11:40:28 AM)
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Here the word business is used in in multiple meaning. Most often we common men think that business means no ethics. But it not not true. Most of the successful organization has increased their popularity worldwide by their ethics and values. If it is only business to them means only for profit for them then a business will not survive. They may get money for few years but after that their without goodwill they will not survive in this competitive market.
GeneralLy all good organizations do welfare works regularly apart from their business. They also take care about the environment and betterment of their employees too. So business of business is not only business. It can be succesful if the members of the business work as family and take care of their neighbors :-). |
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Rate this: +20 -1
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Jeyakanthan.B said:
(Fri, Dec 30, 2011 12:26:44 PM)
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| In my point of view. Business is not only the business, it shows our product quality to our customer needs. It should not hazard to our environment. It should be a equal to every class of society. If we do like this we can improve our society. |
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Rate this: +13 -4
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Priya said:
(Tue, Dec 20, 2011 10:41:33 AM)
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| Today's all business are depending only increasing profits.how many brands are coming in market and people are using this type of things for low prices. beacuse advertisements also one of the business attraction of our country so people only starting buiness only profit oriented. |
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Rate this: +5 -1
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Mohan Rao said:
(Sun, Dec 18, 2011 07:07:11 AM)
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If the answer to the above question were yes then companies such as TATA, Infosys, Indigo, Southwest Airlines, WestJest Air, etc wouldn't have been different from their counterparts.
What differentiates every organization is its culture and not its profitability.
Only a strong culture can ensure a sustained growth of an organization even during the uncertainties. For eg Rocket Sales corporation of movie Rocket Singh(e,g. focus on customer service as culture).
The human perspective towards business has evolved over time.
Nowadays people's awareness has increased. Investments are no more attracted solely on the basis of chart patterns, ROI and ROE but also on the ethical base, vision and fundamentals of the business.
Therefore the Culture is gaining importance and maintaining it Should be the business of every business. |
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Rate this: +25 -2
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Subhashini Perumal said:
(Thu, Nov 24, 2011 05:24:45 PM)
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| From my point of view business of business is not only business the business person should also think about the society as well .. the business man should not think about profit alone he should also have to care about the society only then the business can grow .So the people who buy the products of a company can trust the company's value and the company should be trustworthy for the people to become their standard consumers....So the business is not only business of making profit its beyond money and marketing. |
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Rate this: +8 -3
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Sachinagrawal said:
(Mon, Nov 14, 2011 11:19:24 AM)
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The phrase "business of business is only business " is very true. Sometime businessmen buy low quality product and sell them by their name. The customer buy that product because they believe in that brand. So business is all about business. Buying and selling is part of business. Customer see there profit, company see there profit. No one is concerned about other they only think of profit.
This happens a lot in cloth market they label the cloth by there tag and sell the the same product you can buy a roadside market there you get cheaper.
If we buy from mall we have to pay more money. Sometimes company buy the clothes from roadside and hang them in showroom there we pay amount 1000 for a piece of cloth which cost only 200.
I agree business of business is only business which make profit. |
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Rate this: +13 -5
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Prajnamaya Dass said:
(Fri, Oct 14, 2011 12:31:22 AM)
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| Actually the business of business is the business.A businessman always want maximize the profit and attract the customers towards him . It is only possible when the businessman has so much experience with business.I think motivating others towards a product and making profitable to an organization is also a business. |
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Rate this: +22 -6
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Madhu said:
(Tue, Sep 27, 2011 12:07:33 AM)
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Hi friends, my point of view I agree the "business of the business is only business. Business is selling and purchaser. Every one is looking for there profit. Business of business is a Business but not the only business.
1 Corporate Social Responsibilities.
2 Branding of the organisation. |
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Rate this: +10 -9
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Souvik Mishra said:
(Wed, Sep 14, 2011 07:29:41 PM)
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"Business of business is ultimate business". Basically there are two types of businesses selling and marketing. Selling is something where the sole intention is with getting products sold b any means with sole intention of profit. Marketing is where the 4 Ps of business comes to picture - price, place, product and promotion. This is a rigorous process where one needs to look at consumer satisfaction first then profit. Choosing proper place is very important which needs the study of the consumers needs and demands of the particular area. Then the product is selected. Then promotion of product is done. Promotion is a very stage where various companies come with various trial offers, discounts ,free offers etc which is done to attract customers. Then only the price is fixed. For example- many automobile companies have test drive offers of their vehicles in the showroom so that the customer is satisfied fully before purchasing it. Various telecom companies come with number of offers just to attract customers.
So ultimately marketing business is business of business where customers develop trust as well as satisfaction on the product. |
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Rate this: +33 -10
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Hrithik Smith said:
(Tue, Sep 13, 2011 02:58:45 PM)
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| In the my point of view "business of the business is only business" the term is there every one is looking for there profit. Wheather its a customer or the businessmen in the term of the customer they looking for the cheaper price and they ignore the quality, the term of the businessmen they lookings for the proffit and hence they ignore the quality. |
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Rate this: +13 -5
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Yadav Chetan said:
(Mon, Aug 29, 2011 09:32:34 PM)
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According to me! business of business is only business, because directly or indirectly all the business concentrate on the profit. As we have to care about the customer satisfaction it is indirect way of profit because if we satisfy need of customer then only business become successful and gain more profit.
And we also care about the employee employee relationship for achievement in the business and its also the indirect way of get more profit because if we fulfill the employee needs better then they do more work and company can gain more profit. For example some company used to give bonus point to the employee who do better.
So I am agree with this statement! |
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Rate this: +7 -8
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Govind Dwivedi said:
(Sun, Jul 24, 2011 11:48:19 PM)
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| Hello friend i am not agree with this phrase that "Business is business of business" why because ..our so many friend have all ready keep their point in front of us. but i don't think so ...if it's true than why organisations come up with the corporate social responsibility.take the example of Indian Tobacco company which is the worlds no. one company in the job satisfaction .. they also taking care of society. Take the example of wipro, infosys ,Tata, they all expend there money for the society in different way like school, hospital, library, etc. so we can't say that Business is business of business..thank you. |
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Rate this: +75 -12
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Sharmistha said:
(Sat, Jul 23, 2011 12:39:45 AM)
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When you go about starting a new business, you do a huge amount of capital investment along with investing your time and energy hence in this scenario it is very logical to think about the return on those investment. A business for business is to do business or profit and it is well accepted unless you don't compromise on your ethics, provide quality product, price them accordingly etc.
Many firms are into CSRs but that has also become a brand building strategy. Nd I don't c ne harm in that unless a business is done at a social cost. |
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Rate this: +16 -3
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Tisha said:
(Sat, Jul 2, 2011 06:18:28 AM)
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The phrase "business of business is only business " is very true. Sometime businessmen buy low quality product and sell them by their name. The customer buy that product because they believe in that brand. So business is all about business. Buying and selling is part of business. Customer see there profit, company see there profit. No one is concerned about other they only think of profit.
This happens a lot in cloth market they label the cloth by there tag and sell the the same product you can buy a roadside market there you get cheaper.
If we buy from mall we have to pay more money. Sometimes company buy the clothes from roadside and hang them in showroom there we pay amount 1000 for a piece of cloth which cost only 200.
I agree business of business is only business which make profit. |
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Rate this: +40 -14
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Brijesh Chandel said:
(Thu, Jun 16, 2011 03:07:28 PM)
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Dear friends I am completely in favour of this statement"business of business is business". Business is all about making money and profits. Corporate world and its culture is emotionless and there is no emotion for society. Indeed the sole motive of business is to harvest more money. In business there is explotitation of human as well as natural resources of the country.
I want to enlighten certain espect where the business is working for the society, but behind there is business.
* social responsibility, charities and n g o run by many well established business firms but behind them there is a hinden motive to build large customer base, market share, company promotion, corporate image and its branding. A company who is earning the thousands of revenue, its does not matter for them to spend little part of it for society. Serving society is servival strategy and build a strong bond with society.
Society can only served by only social activist not by business itself. |
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Rate this: +25 -8
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Twinkle Choudhary said:
(Sat, Jun 11, 2011 12:54:26 PM)
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| The business of business is only business for the businessman but not for the customers. Concentrate on your profit but let the customers feel that you are thinking about their profit. Find your way to the hearts of customers and lead the corporate world. |
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Robby said:
(Sun, May 22, 2011 03:54:25 AM)
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| Dhirubhai Ambani dreamed that Indian will be connected to the world. Ratan Tata dreamed that every Middle class family should have a 4-wheeler. Infosys believes that its greatest assets are its employees. Larry Page and Eric Schmidt believed the power of the internet should be available to everyone. These are some of the examples of the highly successful businessmen. The business of business is not business any more. It is about TRUST and Satisfaction, namely - employee satisfaction, customer satisfaction, investor satisfaction, brand name, services, and being with the people wherever they are. Once all these are realized, only then the business of business (profit) realizes fruition. |
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Rate this: +76 -8
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Reshma said:
(Tue, May 17, 2011 11:56:52 AM)
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| Corporate social responsibility is one thing that all the business organisation should actively get involved in. Focusing only on profit will not get long term mileage for business if business of business is only business then what about employees that work in the organisations. Its a approved fact that employees are the biggest assets of a company & if a company focusses only on business read profits then the employee - employer relationship will go for a toss which will hamper the enterprise in long term. On the other hand if we think then if any business has to survive today's world then the weighing scale definitely tilts to the 'profit maximisation' maxim. I think it should be a balanced combination of both profit maximisation & wealth maximisation. |
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Rate this: +4 -4
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Preeti said:
(Wed, May 11, 2011 03:55:45 AM)
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| Business of the business should not be only business because it firstly includes the customer satisfaction and that is the most essential thing in business. Purely business means total profit and when businessman want total profit then he cheats the customer in some what manner that means quality of that particular product will degrade. That will never satisfy the customer. |
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Rate this: +4 -3
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Avinash Rathod said:
(Tue, May 10, 2011 03:26:46 PM)
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According to me, Business of business is a Business but not the only business.
1 Corporate Social Responsibilities.
2 Branding of the organisation. |
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Rate this: +9 -6
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Amrendra Singh said:
(Fri, May 6, 2011 07:01:39 AM)
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| Anywhere business is mean only gain for knowledge, experience and money but knowledge is more than money. Actually knowledge read gain the profit of business. |
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Shivani said:
(Thu, May 5, 2011 11:23:23 AM)
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| Well my point of view is this is great point we are discussing business of business only business so I think its not a business of business is only business well we do business which any about field like that computer, sunglasses, or beauty parlour but we care about customer satisfaction we do best performance our customer will b impress for us then they will be again & again come for our shop. Take another example for share market so its a good business doing in share market but we know about market price then market is down so customer not invest money to share market. Suppose one day morning is good market price but suddenly evening market price down so I loss my money and I have no profit. So, business is business only business or not. |
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Nin said:
(Mon, Apr 25, 2011 09:40:17 AM)
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I always have intense feeling that phrase never comes wrong, so it is true, whatever do or did by the company is always for the enhancment of company, if they provide good customer service , or good schemes , free products , advertisment and whatever are always to make profit. And it's other part that some companies do social activities beacause some of them do it again for advertisment, and some, which do it whole heartly,would be already so much profitable.
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Harsha said:
(Sun, Apr 24, 2011 02:04:25 PM)
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| In my point of view business of business is all about business. A company only think about how to gain profit thats why they providing good customer's services, good quality product. These thing help them to attract more customer. |
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Poorvi said:
(Sun, Apr 24, 2011 08:26:48 AM)
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Well as far as I think, business of businesses refers to the stock exchange. I say so because the shares of various companies worldwide, are marketed in various stock exchanges. And issue of shares is the most important means by which a company raises finance for its operations.
So the topic given is " is the business of business only business"?
I think. Yes it is !
In a stock exchange. The speculators are just concerned about earning profits from the expected change in the prices of shares over a period of time. After all, every business has earning of profits as one of its main objectives.
So from this point of view, I'd say that dealings in a stock exchange and transactions in a biz org. are all to earn profits. |
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Rate this: +2 -0
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Avinash said:
(Mon, Apr 18, 2011 10:55:14 PM)
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| I am disagree with above statement because now a day business is not only part of making of profit but also many more factor are play good role. Like customer satisfaction, quality of product, some social responsibility, and many more. |
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Ashish Kumar Jha said:
(Sun, Apr 17, 2011 09:37:16 PM)
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in my view business of business is not only a business there are many business like costumer services which gives preference of quality and costumer satisfaction
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Ravindra said:
(Thu, Mar 31, 2011 11:10:40 AM)
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| Hi Guys, I would be more agree with Arya's statement that the business of business is not only business.if you consider there are thousands things which we need to have to do for long time and profitable business in all manners. As he has trying his best to elaborate the customer service and corporate social responsibilities. We are running a business it may be any kind of products or services we are providing to our customer/consumers, we need to always take care about our deliverable the kind of quality and consistency we are giving to our society in each manners. that could be a kind of key for a successful business in all around the competitive markets. |
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Arun said:
(Fri, Mar 11, 2011 09:29:12 AM)
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| Such an awesome phrase and very true Business of business is business and nothing else.Any company or any concern in that case holds good as an example . I m not saying that it is bad or it is good but it is so and there is no other go . Even if a single person among many share holders care about the customers it will make no difference as there are many other panel members and many others concerns which hve to be taken care of. If we take advertisements in that case they are made just to promote their product for better reach and eventually more profit yet finally the cost of the advertisement is gonna be added to the price of the product thats how business works . BUSINESS is about BUSINESS and nothing else |
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Arya said:
(Tue, Mar 8, 2011 10:42:51 AM)
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| I disagree nowadays not all the business of business is only business. There are businesses that gives preference to quality and customer satisfaction. Again only profit doesn't accelerate growth of the business. |
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Dev said:
(Mon, Mar 7, 2011 03:19:02 PM)
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| I agree with my friends but branding also very important for each and every organisation and the beeter way of branding is csr activities like recently mr ambani anounces to give 2% of there profit to give for social activities and it is helpful for both i would like to eplain it with the help of example of HUL SHAKTI PROJECT and ITC e-chaoupal both of these companies help to low class people through this and for themselves so there are many way of such types.And for long run business of biz is not all abt biz it is helpful for short period of time. |
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Sakshi said:
(Mon, Mar 7, 2011 06:56:48 AM)
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Yes i absolutelt agree with anshu.nowadays,the hunger for profit has increased so much that the companies want to earn profit by any means.And thats why so many scandals are happening nowadays because all what companies see nowadays is gain.They sometimes buy low quality raw materials,make it look attractive and then sell at high prices.
So,in all nowadays business of business is the only business. |
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Anshu said:
(Sat, Mar 5, 2011 04:36:32 AM)
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| In current scnerio business minds are concrened only about how to increase profits and be on top. They are not much concerened about quality and what consumer will suffer from that. So in todays world business of business is olny business. |
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Sathish Power said:
(Tue, Mar 1, 2011 05:32:06 AM)
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| Now a days business are not only for the business and it's have responsible for the society... so csr (corporate social reponsibilities) activities are important ,the many mnc are doing csr activities |
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