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.

Firstly the main aim of business is profit making through satisfying its customer need and shareholder, supplier and government In chasing of this goal some organisation harm the environment and and society which they cover through some investment in the form of corporate social responsibility like investing in school and charity, trust, ultimately that will again come in the shape of profit example many management school are run by big business houses.

None of the relations in the nature or human society can exist if it's not bound to mutual interests. As for even wild animals, tiny bacteria, plants everybody knows about the importance of mutual benefits. Business is certainly carried for making profits but in order to sustain for long time it must oblige itself to customer satisfaction and the demands of the society. Any example of successful business shows that it was able to satisfy amply. So we see that business of business is more than just business.

However while observing the hitherto trends, money that is profit that is the prime motto of business is of top most importance. So even the social work is a disguised form of business held by the business firms. So even ratan tata aims at providing educational institutes or a nano to say. His motto is invariably profit. In this point of view we can say for a businessman its only business but in order to make itself more profitable it has to go beyond business.

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?

In current scenario business minds are concerned only about how to increase profits and be on top. They are not much concerned about quality and what consumer will suffer from that. So in today's world business of business is only business.

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.

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.

Hello Guys!

In my case business is really not a business only if they will look only for money and for the profit of business then sure they will lose their business soon. Our society now become very intelligent so if the business will look around our society need like quality, quantity and demands of the society then business become business and also they will get good profit too. Lots the business become top list due to this reason.

Now the days every business look for profit and earning money they don't care about our society that's the reason we can say that business of business is only business.

Thank you. !

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.

According to my view, this is not ethically right to say business policies are selfish because they are investing a lot not to show himself as philanthropic, but to earn profit. As a matter of fact for earning profit they are doing many actions which might be treated as social activities (Ex. Satisfaction for their people to get best work, Quality control for reliable products for good sell, Philanthropic activity for making their name familiar in market).