Is the Business of Business only Business?
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Jitendra Mishra said:
(Tue, May 14, 2013 02:30:47 AM)
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Hi friends.
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. |
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Govind said:
(Mon, Apr 29, 2013 09:54:32 AM)
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| 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. |
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Daniel Dream said:
(Sat, Apr 27, 2013 06:40:34 PM)
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| 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. |
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Poonam said:
(Wed, Apr 24, 2013 09:30:27 AM)
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| 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. |
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Nitin said:
(Fri, Apr 12, 2013 03:40:47 PM)
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| 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. |
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Sharat Kumar Malick said:
(Fri, Apr 12, 2013 09:56:05 AM)
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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. |
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Sam said:
(Tue, Apr 9, 2013 09:31:45 PM)
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| 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). |
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Akhilesh said:
(Mon, Apr 8, 2013 12:19:37 AM)
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| 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. |
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Name said:
(Sat, Apr 6, 2013 01:28:47 PM)
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Hello Guys!
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. ! |
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Pintu said:
(Sun, Mar 31, 2013 09:57:09 AM)
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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. |
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Yogesh said:
(Thu, Mar 28, 2013 07:22:00 PM)
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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. |
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Abhi Tum Sab Randi Ho.. said:
(Thu, Mar 28, 2013 07:10:46 PM)
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| 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. |
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Vivek Raj said:
(Fri, Mar 22, 2013 05:22:25 PM)
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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? |
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Aparna said:
(Mon, Mar 18, 2013 11:23:27 AM)
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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. |
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Parveen said:
(Sun, Mar 17, 2013 12:11:46 PM)
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| 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. |
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Swati Agrawal said:
(Sat, Mar 16, 2013 12:35:43 PM)
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| 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. |
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Jigar said:
(Sat, Mar 16, 2013 12:22:27 AM)
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| 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. |
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Rakesh Kumar said:
(Fri, Mar 15, 2013 06:35:53 PM)
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Hi friends,
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.
Thank You. |
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Bhavnika said:
(Fri, Mar 8, 2013 06:31:22 PM)
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| 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. |
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Anuj said:
(Tue, Mar 5, 2013 09:14:37 PM)
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| 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. |
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Tony Thomas said:
(Mon, Feb 18, 2013 02:11:26 PM)
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| 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. |
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Severe Grammar Pedantry Syndrome said:
(Thu, Nov 22, 2012 10:34:29 PM)
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| 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. |
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Suseela said:
(Tue, Nov 20, 2012 04:48:50 PM)
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| 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. |
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Honey said:
(Thu, Nov 8, 2012 02:32:36 PM)
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| 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. |
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Esha Khosla said:
(Tue, Sep 25, 2012 06:08:54 PM)
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| 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. |
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Shanmuganathan said:
(Wed, Sep 12, 2012 03:00:56 PM)
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| 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. |
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Midhun Sukumaran said:
(Thu, Aug 9, 2012 10:08:50 PM)
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Hello friends.
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. |
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Vinay Hegde said:
(Sat, Aug 4, 2012 01:55:13 PM)
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| 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. |
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Kudrat Ali said:
(Fri, Aug 3, 2012 01:21:38 PM)
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| 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. |
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Amit Rathore said:
(Sun, Jul 29, 2012 06:40:25 PM)
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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. |
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Jayasree said:
(Fri, Jul 6, 2012 10:14:34 AM)
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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. |
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Sabina said:
(Thu, Jun 28, 2012 08:52:04 AM)
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| 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. |
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Ravikant said:
(Mon, Jun 4, 2012 08:34:29 PM)
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| 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. |
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Sudarshan said:
(Tue, May 29, 2012 07:28:08 PM)
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Definitely not!
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 ! |
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Meeran said:
(Sat, May 26, 2012 10:35:20 PM)
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| 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. |
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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