Is the Business of Business only Business?

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.

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.

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.

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 :-).

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.

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.

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.

Thank you.

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.

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.

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.