Points to remember before you participate in this discussion:
|R.D said: (Oct 7, 2017)|
|Yes, I strongly believe that Business of business is a business. Let me remind you that the main aim of a business is to earn maximum profit.
As we all know consumer (people) is the kingpin of the market. When a business indulges in CSR activities it creates a "GOOD BOY" image in in the eyes of which ultimately leads to increase in profit.
Let's take a simple example of a hospital. Hospital come under the category of a Nonprofit organization but we all know what actually happens in that NONPROFIT organization.
|Tanmoy Saha said: (Aug 21, 2017)|
|I do business of businesss which I think actually called business. Because when we really love something then we will do to do so. But its not only defines profit. It defines your responsibility towards your customer, toward each and every person who ever directly or indirectly related with your business. So, its upto you how you will treat this business of business negatively or positively?|
|Neeraj said: (Aug 20, 2017)|
Only making a profit is not a proper business. Business always needs to create a strong relationship with the people with the help of proper management in the work environment which offers more & more opportunities to run the business. As we all know that a gentle behavior with the customers always creates you turn towards you and your business which gives you one more chance to enhance yourselves better to grab the deal with the personalities. Try to make more and more profit doesn't mean that you offer bad qualities, quantities, and high prices it means you ought to offer satisfaction of the customers because if you are trying to give satisfaction to the customers so you will have to keep focus on all those things which are required for a proper business in the market.
Mostly, businessman do forget their responsibilities towards customers in the work environment and they try to earn profit but they become fail after a short distance because responsibilities are nothing but a proper way of working at the work place which teaches us how to deal with the situations to achieve are set targets to grow our business. Feedback is most important to grow the business very fast if you have given full satisfaction to you customers so it is certainly that business will receive positive feedback in the market and that feedback would become assets of your running business which will give the better way of working so that you can achieve more profit than your expectations.
Internal and external both the areas are equally important to manage, because both the areas perform differently at the work place a proper management always gives a piece of mind not only to the employees but also each and every employee in the business. Employees always try to do their best but because of poor management sometimes they don't get proper support for achieving theme of the day and they commit some mistakes while doing business and because of those mistakes, not only company suffers but also customers.
So, over all I'd say that proper satisfaction of the customers is the best way of business because for giving full satisfaction business will have to do all those things which are required.
|Suman Banerjee said: (Jul 20, 2017)|
|Business of a business is not only a business, which is not only to make profits but also a businessman should keep in mind the customer satisfaction & their demands. One should always think of serving the society by delivering good products in the market. If we do like this then it will help us to grow our business to make a good profit and delivering the best to the society.|
|Anamika said: (Jun 23, 2017)|
|Business of Business is a business but business of business is not only a business. Nowadays, Business has realised its responsibilities towards society and are coming up with the concept of CSR. Now its has shifted its main goal from profit maximisation to wealth maximisation that is achieving higher market value in common stock, ensuring more consumer satisfaction and taking care of their needs. Nowadays consumers have got more awareness and get stuck to a business when it realises and maintains its responsibility towards society. Thank you.|
|Chirefu Kelvin Tatenda said: (May 4, 2017)|
|The business of business is not only because its many purposes of existence is to make a profit, but the business is also responsible for the betterment of the society. This means it is responsible for taking care of the negative externalities that it brings to the society and the development of the country at the same time.|
|Nikita said: (Mar 25, 2017)|
|According to me, the business of business is not only business. The scenario has changed. People have many aims other than doing only business like profit making, expansion, social. Responsibility and many more. But if the business of business is only business then it's good because then that business would be able to give better product and service to it's customer. They will be more customer oriented and will keep there profit makin aim as a secondary job. This willnot only help an organization to get mstket penetration but Also to grow.|
|Phelan said: (Mar 9, 2017)|
|The business of business is business. Social pressure changes the rules of the game and smart business will adapt for long term success. Improving society can be your business, but it is not the business of business.|
|Papun Padhan said: (Nov 18, 2016)|
|First of all, business of business is only business it is not correct why. All of you know business man earn more profit the business but customer and society developments also depend on it. Then is better a business man not only profit but also country developments.|
|Pawan Kumar said: (Nov 18, 2016)|
|It is true that every business is started to get maximum profit but for long existence of business, it is compulsory to fulfill other responsibilities toward society and country to make them better.
Every business has its own responsibility and businessman should understand it very well. Any business can get succeed by satisfying the customers by providing them satisfactory products and services. Business is not only a profit for businessman but society and country's development is also depends on it.
Thus saying 'The Business of Business only Business' is not perfect but business is a relation among customers, society and country to make them better.
|Gangasagar said: (Oct 25, 2016)|
|Always the counting starts from 1 similarly a business start with an idea. It takes a time to implement the idea into planning. Generally, customers expect a product without previous drawbacks & with new improvements.
Business is not only a profit & loss they have to satisfy the customer needs. So many businesses are starting with a customer feed back & they implementing their ideas to reach the customer satisfaction. Explanation & convincing the customer is plays a crucial role in marketing then only business will run in profit. Customers always expect the product with a good quality, warranty, low cost. We didn't get anything at low cost that we have to make understand to the customers than only business runs.
|Nagesh said: (Oct 24, 2016)|
|In my view, I would like to add some point if first time in business some care has to take then whole life of businessman is settled.|
|Akanksha said: (Oct 6, 2016)|
|According to me, A business of business is not only the business, it is the game of cards how to play in particular situation, to win the game.|
|Vinayak said: (Sep 27, 2016)|
|Businessmen have too many works to do and he is a business tycoon and knows the business of business is not only business it's beyond its faith.
And hard work that between patients and employees. The business is an ambition but a hard vision.
|Akshay said: (Jul 8, 2016)|
|A businessman is a person who invest his wealth in a venture to gets it successful in future but along with profit businessman have to follow values and some CSR towards society as the business is run on society. So conclusion is the business of business is not only business but also the responsibility of businessman to be the contributor of country's development.|
|Sunil said: (Jul 7, 2016)|
|Business is not only a business but it is a kind of education which no other profession teaches. It enhances the decision-making qualities, increases our awareness, etc. A business starts with an idea but works on planning. Planning to reach the demands of the customer. The customer is the judge of the king, and the business official does every effort in satisfying their king. Every business has a move of profit but prior to that is the satisfaction of customer. So business is not only a business but something more than that.|
|Rohit Jurel said: (Jul 3, 2016)|
|My opinion is favor of business although service is important in our life but for a successful man and winner in life business is more important business is not business for a business man.|
|Priyanka.Hk. said: (Feb 5, 2016)|
|In my view I like to add up some point. Business is the place where we going to learn more about the business as well as risk management. Business is business is not only business because it gives importance to stakeholder that is employees government financial institution etc.
And first priority goes to customer because customer is a king of the market if business organisation is ready to satisfy the needs and demand of the customer he can live longer time in the market. Business must not be profit motive.
|Sandip K said: (Jan 30, 2016)|
|For a business person customer is god and its first priority like employees are also strong point even a backbone for him. Like business, you should think about both of those along with turnover and your organization. We are in software business and always tends to give the best service and production, which is the only key to get success.|
|Aniket Bhojane said: (Oct 18, 2015)|
|Business is an activity of leader to perform his leadership in respect of making profit with the fulfillment of ethical value and social responsibility towards internal as well as external factor of business.|
|Ravi Kishore said: (Sep 24, 2015)|
|In my view business is not only business because business is depends on the customer and we want to be honest with customer and we have to satisfy their needs first and now a days customers are very clear about their needs so we have to be customer friendly and than the profits and I am sure that we can get profits while being honest with customer.|
|Appaji said: (Sep 23, 2015)|
|Hello friends, please let me share my views in the present context, which is business. If we consider business as a book. The front page of the book says "business of business is not just business" but to be precise when we read the book completely the conclusion will be like "business of business is only business" some may not agree with this. So think, if some wants to start a business, what would be his/her 1st priority.
And the fact begin the answer given will be to earn more than I spent. That's what business is attracting the consumer by cover page and earning their profit by end of the book. It becomes quite complicated when argued. But in today's real world, the business of maximum number of businesses is just business.
|Nikhil said: (Mar 9, 2015)|
In my opinion business of business is business. I wanted to justify by saying my real life business situation. I am tutor, when I started saying tuition there were only 4 students. Then I made a strategy that if the students get less marks then I will give them the free tuitions, everyone were attracted and joined my tutorials. They believed me and this strategy.
Gave me a huge success.
|Mantosh said: (Jul 20, 2014)|
|I think business of business is not only for business.
IN Today's competitive world every person who is doing a business may be small or large have an elementary idea about the customers they are dealing with. Gone are the days when most of the customers were illiterate and foolish, now a days consumer can easily judge between right or wrong and good or bad, in such a scenario if a particular businessman is doing a business only for business that is for PROFIT BOOKING ignoring the quality of the product then he will the ultimate loser because on broader point of view his product will not be purchased by anyone.
SO, if one want to excel in business he have to respect the business ethics and feeling of consumer. Just doing business for sake of profit booking will not last for long.
Also our government have taken initiative to protect the right of consumer and if in such a case anybody will be cheated he have to pay for it in many respect.
Hence I want to conclude that for development of business and for our better perspective, for our better name and trust in industry and business one have to do business of business truthfully and honestly.
|Raghav said: (Jul 15, 2014)|
|Every company wants to earn profit for their survival or retaining competitive edge over other but nothing can happen without customers. If any company want survive in society they should think about their customer first then profits. So according to me business is business not only for business.|
|Ramhari Sonsale said: (Apr 8, 2014)|
|Yes, business is business but not only for business means only for profit.
In today's competition world the customer is god of market and all businessman should fill all their requirements (ex. Quality of products, quantity of product, price, life, its effect on environment and on human health etc. ) then and then only business is business for business otherwise not.
Business means not a business it is sense. Having sense of market and all those thing required.
|Ritu said: (Mar 20, 2014)|
|Yes I am agree with above statement because today world all about customer satisfaction and their need and wants. Because customer is king of market. Without think about customer business will not run any more so every business is not only a business. The business just do what the customer think and then your business will go top in the market. Because today in the market have tough competition.|
|Manoranjan said: (Mar 4, 2014)|
In my views Business of Business is not just Business, Because every Organisation think about how to develop our companies in good manner in the biggest world.
In my ways, how to survive or cover the people's in good ways with good or quality products in the worldwide coverage's.
1. It affects the Childhoods.
2. Corruption is Increasing in peak.
3. More Government sectors are covered here.
1. People's purchase good products.
2. People's shows good output.
Finally, Business of Business is Business shows more profit with quality products and customer saves the money in good ways and also Corruption is decreasing Day by Day.
|Anonymous said: (Mar 1, 2014)|
|I do agree that the products produced should satisfy the customers and also they should be according to customers requirements. The organisers of the business also should be knowing about customers wants so as to get maximum profits.
Also a business need not be only for business but also donate its percentage of profit to charity as many people and organisations do today.
They can also play a vital role in changing situations in society.
|Deepak said: (Mar 1, 2014)|
|In my opinion the business of business is only business. Other activities like showing ethics or portraying Corporate Social Responsibility (CSR) are means to maintain goodwill and thereby attracting more customers. Which in turn is nothing but pure business. Tatas or Jindals will spend money on charity but they would make sure that the same get fructified in long run.|
|Pratyush said: (Feb 9, 2014)|
|In my opinion, business of business is not the business, I may sound bit unorthodox but I will justify it. Business is done by the peoples, for the peoples. A successful firm would be that whose employees are happy, if we are able to satisfy the needs of our staffs then they would be happy and consequently they will work more attentively.
In today's market we can see that a shampoo is of 1 rupee and is of 100 rupees also, why the are doing so, the primary objective is to be in the reach of people and accomplish their needs then only a corporate firm can grow, since the firm will grow, therefore economy status of India would also rise. And Plenty of job opportunities will arise swiftly. Ultimately every firm look for the benefits of the organisation which is a good policy, because only then industries can get success. It's not only the achievements of corporate world but the success of Peoples.
|Subhash Paul said: (Feb 7, 2014)|
|In my view business of business is not just business. Because every organisation wants to survive in this competitive world. And to survive they need to satisfy their customers.
So, their aim should be first on customers. What are the requirements of customers? what they are expecting from us? how can be the requirements can be fulfilled? these are some attributes that makes a company reputed one.
If a company satisfies their customer then profit will automatically increase. It very important to make customer happy. Because they are their livelihood. A reputed company always takes care of their customers. That takes the organisation to higher level.
|Sbl said: (Jan 22, 2014)|
Business of business is not only business but also some what ethics in it. For ex take eatable oil industry whit cares only on business like profit, sales it does not survive. Whenever it takes care on health perspective customer satisfy with it then only business survive. It expands their growth. Business of business is only business then anything will collapse easily.
|Sourabh said: (Jan 18, 2014)|
|Business involves dealing with human beings. Business should be carried in such a manner that the profits are maximum keeping in view the interest of customers and society.
Business uses the resources of society, exploits them for earnings, and in turn it should help the society to grow and developed.
Business also includes the auxiliaries to business which plays a major role of development of business. Therefore there is more to business than just business.
|Mansij said: (Jan 18, 2014)|
|I agree to all, and I want to add that business of business should not be the ultimate motive of an organization. But also to note the customer satisfaction, the dealings in quality production, giving good after sales service and the most important one, contributing something for the society, which is otherwise termed as corporate social responsibility.|
|Hemant Kumar said: (Jan 18, 2014)|
|From my point of view yes in our present scenario most of the organisation, business man, every one create a business only for profit motive. Just go 10 to 15 year back in our country for visit the temple or saw the god there will be no charge but look at our present day, what will be happened? So every one create a business including the ego or temple only for profit motive.|
|Gowthami said: (Dec 24, 2013)|
|Hi friends I'm gowthami; I'm happy to share my views about business of business;
Business of business is not only business because the business is running only for profit motive then it will not sustain in this large society and the person who starts the business he should mind the following matters.
In which place we want to start the business.
Its useful to the customers or not and that product has demand or not.
For doing our business we must use the resources of the society. So inturn we must do something for society now a days which the industries are neglecting by using the techniques which harmful to humans, plants and animals. We must consider our staff welfare because they are the pillars to our business, we must concentrate on the quality of our product then only the customer satisfy and get interest to buy it. So business is not for profit motive.
|Neeraj said: (Dec 18, 2013)|
|Business of business only business, yes, No body starts a business for charity. For example I launch a new product in the market and for advertisement purpose I distributed free samples or a 50% discount. Its a business strategy. But every time we don't go for it. Its an initial offer to try our quality of product which is suited to to you or not. If consumer fells good then they go for it and purchase it further. But business ethics is necessary. Its grows the faith of the customer for company.|
|Tirthadeep Sengupta said: (Dec 8, 2013)|
|The ultimate goal of every Business is to make profit. Since inception of the term "business" implied gain or profit. Without profit no business is sustainable or viable. Ensuring customer satisfaction, quality products are some of the procedures of making the business successful and ultimate measurement of the success in business is profit.|
|Anamika said: (Nov 14, 2013)|
|Hello friends. !
Yeah business of business is obviously a business, as nowadays company main motive is to earn profit instead of taking care of customer needs. Ya I agree companies made products as per customer demand but not because they concerned about providing best facilities to them but instead because they have to earn profit as much as possible.
|Keyoor Limbasia said: (Nov 12, 2013)|
|I think for all company is doing only business. They do something by the name of social responsibility it is not a social responsibility it is only a new idea of advertisement. If they understand social responsibility in such a way, they introduce minimum one product with no profit or very less profit for all mankind. Example parle-g product is available in 4-5 rupees last many years (40-45 rupees/Kg).|
|Mangai said: (Nov 5, 2013)|
In my view, business of business is not only for business, because every organisation's vision is to sustain in market for a long term, for that they must satisfy the customer needs. So the organisation's first motive is to satisfy the needs of the customers, then automatically the profit will increase. So the corporate social responsibilities are important for all organisation then only the people are impressed. Then the organisation may easily achieve the brand equity.
|Anonymous said: (Nov 5, 2013)|
|Happy Diwali :).
Is the business of business only business? I think YES.
I will like to address first who are against the notion. Companies are doing CSR activities and proving better customer support and product quality. But why are they doing these ? They only and ultimate goal is to maximize the profit. Customers make their choices by looking into after purchase services as their profit and so the companies make use of this to give you profit and in turn increasing their sales, brand value. CSR activities are done to strengthen its roots within the society by making a good image in the society.
Thus all these activities are to make the long term run profitable and hence business of business only business.
|Kishor said: (Nov 3, 2013)|
|Business of business is only business. So first I would like to see what is business ?
Business of product or service, and product or service is nothing but bundle of solution. EG I am hungry I want food in just 2 minutes? Maggie!
And because of this way at looking business Cisco have grown from 1 billion to 37 billion in less two decade because they don't just provide software and hardware but they provide solutions. When business will be viewed as solution the solution should be long term and it should not raise another problem. So here strategy maker of business play important role of creating strategy which make their business a solution for needy.
|Ranvijay said: (Oct 11, 2013)|
|Well gentlemen, I beg to disagree with those of us going in favor of this because business means transaction of product or services against money for earning profit. That is appropriate but turns devastating when 'Profit' becomes the sole purpose or business of BUSINESS.
For instance, our company is selling our own manufactured LED bulbs in very low prices in a country where these bulbs were rarely known and ultramodern. Our market now is on the way to touch new height of sales, but we are constantly ignoring the technical faults, complained by customer. Imagine what'll happen, soon we'll lose our potential market. Therefore QUALITY is important.
|Shaj Mohammed said: (Sep 17, 2013)|
|I disagree with the above. Statement. Because business itself doesn't means earning. Profitis are the outcomes of a successful business. But for building a proper succeeding market to a product the company must satisfy the customer. If initially the customers are fulfilled. With a product. Then they definitely doesn't step backwards in investing a much more price next time. Which indeed brings profits for the company and demand for the products. Hence as far. As I am concerned businesses is about earning trust of buyers and slowly expanding its roots for more profit.|
|Deeksha Saxena said: (Aug 24, 2013)|
I have read all the views written here and now I want to present my views on this topic.
Everyone said that big organizations do so much for the society just like they open schools, hospitals etc.
But since, the only motive of each organization is to earn profit and that's only possible by standing in the society for a long time. Therefore, they can't forget about the society.
That means they do for the society but only for their profit.
Yes, they keep customer's need in their mind but why?
Because if they don't take care of customers then, customers will not buy their product.
This means that they have to do for society whether they want or not because only then they can stand for a long time and increase their selling. And this will definitely be profitable.
So, in my opinion, business of business is the business.
|Janardhan said: (Aug 18, 2013)|
|Every business motive is to earn profits and to gain market share. There is nothing wrong with that because they are investing money, efforts in the business and expecting return for it. So, Business of Business is only Business.
But the in the case of companies they are using natural resources in their manufacturing process. So, they are supposed to take the responsibility and do something for the society. Here, Business of Business is more than Business.
|Triples Sss said: (Aug 17, 2013)|
|First of all I would like to say thank to all my friends who are involved in discussion.
It is good to appreciate the topic which we get as a discussion.
As per my opinion if a person think only for business aspect then it is going to be wrong way. But a person is thinking business of business then he could be the following skills which is made successful business path.
1. Social Responsibility towards the society.
2. Satisfy the customer needs and wants.
3. Good interpersonal relationship towards the social and business.
4. Marketing skills.
When a person have a above skill he can make business of business in effective manner.
|Nikunj Jain said: (Aug 1, 2013)|
Every business is for profit making only and all after sale service, customer retention/satisfaction, CSR activities etc are for business purpose only. Business of business is the demand of today's market.
A mobile company is selling mobile and provide after sale service till warranty period. After that make business from their service center - business of business. Further company give a new mobile in exchange of old mobile - Again it's business of business.
Taking electronic waste back is CSR activity of company and selling new mobile is business.
|Vinod Tongar said: (Jun 10, 2013)|
|I believe that business of business is the only business if it involves social responsibility and sense of customers need and services. Gaining profit is soul of the business but gaining trust of the customers, make business live long and more profitable in long run. Every consumer have a different mind set at the time of purchasing but they have common expectations and views in terms of post sales services. Giving better services and making customers happy can be a key of success and is a contribution towards good and satisfied society. Hence in my view business of business is the only business is not a good idea in long term running.|
|Jitendra Mishra said: (May 14, 2013)|
According to me business of business is not a business when the business man only thinks.
For his profit without considering customer needs and social welfare because without them a business can not be established.
And business of business is business when the businessman consider all the needs of customers as he is first a person who leaves in society because if we satisfy need of customer then only business become successful and gain more profit.
|Govind said: (Apr 29, 2013)|
|For a long time survival of business in market business of business should not a business because in competition world business must be fair and square, and consumer oriented otherwise standing in market for long time is very difficult. Once they can be cheated with public but next time not possible. Ya every businessmen wants to earn more and more profit but they should fulfill consumer requirement otherwise consumer throw out them.|
|Daniel Dream said: (Apr 27, 2013)|
|Business is completely business of business. This days all we ever think about is how to maximize profits but maximizing profits has to do with satisfying consumer wants and needs because if the consumer is not satisfied with what was delivered, they will never be sales therefore where there is no sales there is no profits. So, business is business of business and not business of business where sales varies. Thank you.|
|Poonam said: (Apr 24, 2013)|
|Hi Friends, According to me Business of Business is not only Business. Every Businessman is also a part of society. If he want to survive he must manage Himself according to this society. Otherwise society will through him out. And his business will ruin. But NOW a days Everyone want to earn more and more by hook or by crook. In this competition some times businessman will do things which is against the society. But he must remember if he will do this may be in starting he will get success but later he will realize his guilt.|
|Nitin said: (Apr 12, 2013)|
|Absolutely NO, a business should be socially responsible. For it to actually run smoother and grow it should serve the society. For example consider a person running small stationary shop has a daughter giving self defence training somewhere can provide it for free for one day (women's day for example) near the shop (like a camp). This way the businessman will earn good name and also advertise his shop.|
|Sharat Kumar Malick said: (Apr 12, 2013)|
|Business of the business is not the only business. Man is a social animal and society is teaching every member of the society to live like a human. If you are not human sooner or later you will be out of the society. So is business, if you want to remain in business in long run, than only business will not do the business. You have to think for the society and pay back to it else you will be out of of business.
But the maxim of profit maximisation appears to be the sole motive of modern day business and causing lot of unhealthy practices in the business. Now it is the government business to see such business and put them out of such business or else society will put everyone out of business.
|Sam said: (Apr 9, 2013)|
|According to my view, this is not ethically right to say business policies are selfish because they are investing a lot not to show himself as philanthropic, but to earn profit. As a matter of fact for earning profit they are doing many actions which might be treated as social activities (Ex. Satisfaction for their people to get best work, Quality control for reliable products for good sell, Philanthropic activity for making their name familiar in market).|
|Akhilesh said: (Apr 8, 2013)|
|The business of business is not only a business. It is just like a Exploitation. You can see, a tobacco company doing a business and so many people affected to take it. Government doesn't stop those company for production of such type of material. In indirect way, Government Also doing a business to protect those injured people who is affected from tobacco and such type of materials by constructing hospitals. I'm saying that Construction of Hospital is only for tobacco afflicted people but government can take response in another way. Government Can protect people in direct way to stop the production of such type of material which is injurious for health but no, Government Is also doing business of business which is started by tobacco company.|
|Name said: (Apr 6, 2013)|
In my case business is really not a business only if they will look only for money and for the profit of business then sure they will lose their business soon. Our society now become very intelligent so if the business will look around our society need like quality, quantity and demands of the society then business become business and also they will get good profit too. Lots the business become top list due to this reason.
Now the days every business look for profit and earning money they don't care about our society that's the reason we can say that business of business is only business.
Thank you. !
|Pintu said: (Mar 31, 2013)|
|Hi reading all the above comments, there are some factors where business of business is only business in one point, and not in others view.
It is the way how we look at it.
Business of business is business when companies look only for their profits how to maximize them and all, we know that customer satisfaction, employee satisfaction, quality, quantity.
These are the 4 pillars to keep a company in top and maximize their profits always.
In current scenario companies are doing social activities but I see still poor people and slum areas in our country even though they are in social activities.
It means just to get a good reputation and good values in the society they are publishing that they are doing social activities but not for people sake.
|Yogesh said: (Mar 28, 2013)|
|First of all its my pleasure to share my views on this topic.
According to me no the business is not the business of only business because apart from profit there are certain other activities which are required to maintain a business which are goodwill, employee satisfaction, quality control all these things are not only for the personal motive these all activities are done as a social responsibility.
|Abhi Tum Sab Randi Ho.. said: (Mar 28, 2013)|
|In current scenario business minds are concerned only about how to increase profits and be on top. They are not much concerned about quality and what consumer will suffer from that. So in today's world business of business is only business.|
|Vivek Raj said: (Mar 22, 2013)|
|Well the main idea behind any business is profit.
Take a look at the multinational companies who cross borders, language, and other obstacles to do business.
And yes IT IS ADVERTISING THAT ACTUALLY MAKES A BRAND.
With dedicated advertising channels to attract the customers and irresistible business offers and deals, the branded companies are literally ruling the earth.
What do you say friend?
|Aparna said: (Mar 18, 2013)|
|None of the relations in the nature or human society can exist if it's not bound to mutual interests. As for even wild animals, tiny bacteria, plants everybody knows about the importance of mutual benefits. Business is certainly carried for making profits but in order to sustain for long time it must oblige itself to customer satisfaction and the demands of the society. Any example of successful business shows that it was able to satisfy amply. So we see that business of business is more than just business.
However while observing the hitherto trends, money that is profit that is the prime motto of business is of top most importance. So even the social work is a disguised form of business held by the business firms. So even ratan tata aims at providing educational institutes or a nano to say. His motto is invariably profit. In this point of view we can say for a businessman its only business but in order to make itself more profitable it has to go beyond business.
|Parveen said: (Mar 17, 2013)|
|Firstly the main aim of business is profit making through satisfying its customer need and shareholder, supplier and government In chasing of this goal some organisation harm the environment and and society which they cover through some investment in the form of corporate social responsibility like investing in school and charity, trust, ultimately that will again come in the shape of profit example many management school are run by big business houses.|
|Swati Agrawal said: (Mar 16, 2013)|
|Of course the business of business is doing business. But first of all let us make it clear the objective of business. Mere profit making can not be the sole aim of business. A business can be operated smoothly only if it satisfies its stakeholders; its shareholders, its customers, suppliers, financial institutions, the society, the government of that country, the trade unions, medias, and other pressure groups. A business is carried out on perpetual basis. So for long term existence it cannot only focus on profit maximization. First of all it should maximize its stakeholders' loyalty towards its activities which will ultimately lift up the financial position of the business and therefore its profit making goal.|
|Jigar said: (Mar 16, 2013)|
|The solo intention behind any business is Profit. "Whatever you do, just do for profit" this is the real mentality of any businessman. In order to get more profit they are starting the business which can make a worthy in turn in future, they are not starting society friendly institutes but they are starting harvesting more customer attention.|
|Rakesh Kumar said: (Mar 15, 2013)|
Yes I agree with you that business of business is not only business. Business is not only earning money or have profit as much as we can do but also to serve people with involving in social work. So now a days many of the companies are including Social work as a different Department named CSR and serve the people which indicate not only business. On the other ways people have made the Education as a business which is indicate only business. But they do not understand that business is not for earn money and profit, but for serve the people as well as country.
|Bhavnika said: (Mar 8, 2013)|
|According to me, business is not only for profit, besides profit it should lead to economic and social development of society. People will recognize a business which is for their upliftment. Business done for personal profit will face closure one day. Now a days all big companies are coming into social work, this is because they have realized that to exist in a society they will have to do good for people, this is used as success mantra these days by the big companies of India as well as foreign companies have also now realized that consumers are very aware these days. No one can fool people. So, profit is also important, no one is here for social service but only profit making policies will not help one to exist for long time.|
|Anuj said: (Mar 5, 2013)|
|If profit making is the only objective of business then why goodwill appear in the assets side of balance sheet. Today a business is ought to be integrated with values. Because of an unrestrained production today we have several environmental issues to be dealt with. A business can thrive in as a part of the society only if adjust it sails as the society demands. Though profit maximizing still remains the basic focus of business it should come at the cost of product not at the cost of consumers.|
|Tony Thomas said: (Feb 18, 2013)|
|Hai friends. I agree with my friends. We know that business is like as play. Success of business is based on the performance of each person or employees performance. Now a days all people have business mind they only expect profit. First of all we understand that all business must be customer satisfaction. Customer not satisfied a business that business will fail. Thanks.|
|Severe Grammar Pedantry Syndrome said: (Nov 22, 2012)|
|Alright, now where do I begin? Look, it is really simple, alright? Even the so called "Big" companies who are pretentiously setting up Schools & other such Public welfare bodies etc are not doing it for free. And trust me when I say this, the only reason they are at all investing in that sector is only this much that they have seen long term profits & huge goodwill deposits in those particular areas. For an instance, a so called 'international school' is set up against a huge annual fees from each student. Yes, it might result in some benefits for the society, but that is only a By-Product of the business deals made out of it. There are no two ways about it. The purpose of starting or setting up a business in the first place is to make money. And that intent keeps getting stronger with every penny of profit made. But sometimes, it needs to be camouflaged.|
|Suseela said: (Nov 20, 2012)|
|I am also agree the business of business is only business because of that today every human being thinking is how to earn money so in that way they are ready to do any business. In the way mostly rural people loosed there life so poverty is developed in slums.|
|Honey said: (Nov 8, 2012)|
|Good morning friends. I feel glad to share my thought in front of you. Yes business of business is only business. Business simply means maximize the profit and minimize the lose. If we are earning money then it simply means customer is satisfy with us. Yeah its true we need to do business after seeing what the customer want. If we are doing business without seeing the requirements of customer then the time and money is spend on it goes for wastage.|
|Esha Khosla said: (Sep 25, 2012)|
|If business is about long term then pursuance of profit should not be the only objective rather satisfaction of stakeholders which also involves society. If even companies do CSR activities for branding they are serving to the society in a way which is a win win situation for both sides. To focus on long term growth, companies should broaden their view and think beyond profit objective only.|
|Shanmuganathan said: (Sep 12, 2012)|
|No even now days companies are going out for social responsibility after they reaching their certain level. Can any one please show me the company who do the social responsibility from first day of starting of the company.|
|Midhun Sukumaran said: (Aug 9, 2012)|
Before discussing I would like to get your attention to one incident which is happent kerala, ther is actualy a hill station and most of the people living there are labours of tea plants, most of the children of them are causing mental disability. Only reason for that is the pesticides used in the plants. Due to the hike of mental disable children the company had built a special school, so can we call it as social commitment?This is the reality, what they really have to do is stop using of that pesticide but what they really do is helping people after causing serious issues. Now the business of business become a business.
|Vinay Hegde said: (Aug 4, 2012)|
|Business of Business only Business is 100% true. As we can have a look on what other said, many of them told that many companies do socials works like establishing the school, hospital etc. But why do they do so ? ultimately its because of publicity. And for the wealth of their business.|
|Kudrat Ali said: (Aug 3, 2012)|
|HI friends I agree with all. But my opinion is ya business are only business cos there is no ethics in doing business and only commercialization is only thing now a days. Cos no one is providing the products free of cost to any one. If it could be not only business or profit then private companies would provide there products free of cost to people who can't afford their product. Ya I agree eraser is free with pencil for example. But the cost of eraser is also fetched form cost of pencil. So its only business. Thanks.|
|Amit Rathore said: (Jul 29, 2012)|
|As per my point of view, business of business is not the only business because businessman also live in society, earn from society, serve their product to society. So in replacement a businessman should have to fulfill their social responsibilities because whatever a businessman got, it was only from the society.
So "business of business is not only business" it is social responsibility too.
|Jayasree said: (Jul 6, 2012)|
|Business-to-business (B2B) describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer. Contrasting terms are business-to-consumer (B2C) and business-to-government (B2G).
The volume of B2B (Business-to-Business) transactions is much higher than the volume of Business to Consumer transactions. The primary reason for this is tin a hat typical supply chain there will be many Business to Business transactions involving sub components or raw materials, and only one business to Consumer transaction, specifically sale of the finished product to the end customer. For example, an automobile manufacturer makes several Business to Business transactions such as buying tires, glass for windscreens, and rubber hoses for its vehicles. The final transaction, a finished vehicle sold to the consumer, is a single (B2C) transaction.
Business to Business is also used in the context of communication and collaboration. Many businesses are now using social media to connect with their consumers (B2C); however, they are now using similar tools within the business so employees can connect with one another. When communication is taking place amongst employees, this can be referred to as "B2B" communication.
|Sabina said: (Jun 28, 2012)|
|Hello friends, listening to everyone views as customer satisfaction, social welfare, quality maintenance all are the part of business. Business obviously means minimizing cost for maximizing profit. This is all possible through customer satisfaction which is one of the most important pillar of business. And for profit generation one should keep on mind about social responsibilities as well so that no one could be against the business. Hence if customer and societies are in favor of business, there is profit. So, business of business is only business.|
|Ravikant said: (Jun 4, 2012)|
|Hi everyone. I am totally convinced with the point that business ultimate goal is profit. Because no one has opened charity there. They are doing business so they want to make profit, I understand that they have to take care of thier good's quality in order to earn goodwill. Here they are also doing their business because they know if their product will not be of that standard they will be thrown out. Secondly. If they are doing anything for society, there aim is to increase their popularity. So its all about business. Thanks.|
|Sudarshan said: (May 29, 2012)|
Business of business is much more than just doing business.
To say businesses to do only business is like to say a person not to be active socially, and to be only a selfish.
Instead of being profit driven businesses must understand their responsibilities towards customers, society and all its stakeholders including government.
They should do more than just a business. In-fact whatever they do more than a business should be the integral part of business.
Seems to be very complicated !
|Meeran said: (May 26, 2012)|
|Every business is depends upon profit but profit is not only the important function. The major function of the company is depends upon the customer satisfaction, if the customer satisfied with the product who can buy it for long period, customer is the king of the market so customer loyalty leads the business in to high level.|
|Koundinya Deshik said: (May 14, 2012)|
|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.|
|Sarosh Akhter said: (Apr 15, 2012)|
|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.|
|Nandini said: (Apr 10, 2012)|
|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.|
|Priya said: (Apr 5, 2012)|
|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.|
|Haresh Dholariya said: (Mar 27, 2012)|
|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.|
|Jordanz said: (Mar 10, 2012)|
|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.|
|Sajal Jain said: (Mar 7, 2012)|
|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.
|Sajid said: (Feb 26, 2012)|
|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.|
|Ajit Sahoo said: (Feb 19, 2012)|
|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.|
|Onkar A Puranik said: (Feb 9, 2012)|
|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.|
|Puneet said: (Feb 1, 2012)|
|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.|
|Hemant said: (Jan 31, 2012)|
|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.
|Pratibha Kumari said: (Jan 22, 2012)|
|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.
Is the Business of Business only Business?
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