Is the Business of Business only Business?

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.

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.

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.

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.

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.

Hello friends,

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.

Advantages:

1. It affects the Childhoods.
2. Corruption is Increasing in peak.
3. More Government sectors are covered here.

Disadvantages:

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.

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.

Thank you.

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.

THANKS.

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.

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.