Is the Business of Business only Business?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.