Is the Business of Business only Business?
Points to remember before you participate in this discussion:
- Assume you are one of the members of a real group discussion.
- Take the initiative to participate and contribute your thoughts.
- Contribute your positive thoughts towards providing the solution.
- Post your thoughts here.
Discussion:
113 comments Page 3 of 12.
KOUNDINYA DESHIK said:
1 decade ago
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.
(16)
Meeran said:
1 decade ago
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.
(6)
Sudarshan said:
1 decade ago
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 !
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 !
(21)
Ravikant said:
1 decade ago
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.
(11)
Sabina said:
1 decade ago
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.
(22)
Jayasree said:
1 decade ago
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.
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.
(8)
Amit Rathore said:
1 decade ago
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.
So "business of business is not only business" it is social responsibility too.
(9)
Kudrat ali said:
1 decade ago
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.
(16)
Vinay hegde said:
1 decade ago
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.
(14)
Midhun Sukumaran said:
1 decade ago
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.
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.
(166)
Post your thoughts here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers