Is the Business of Business only Business?

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.

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.

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.

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.

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.

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.

Yes, it is for helping people's live.

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?

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.

The business of business is business, this assertion is of the view that in business the major aim is only profit maximization and production of goods and services.
They don't see the relevance of ethics in business. It's about the survival of the fittest. However, it can be noted that for a business to maximize profits there is a need for shareholders. There is the need to follow ethics which attracts customers, creates a just and fair society, creates employment, prevention of pollution and many more.

In our daily, business for a business to prosper there are some environmental benefits that it brings to society, for example, employment creation and programs that benefit the environment that can be developmental.