Is the Business of Business only Business?

Hello friends.

I have read all the views written here and now I want to present my views on this topic.

Everyone said that big organizations do so much for the society just like they open schools, hospitals etc.

But since, the only motive of each organization is to earn profit and that's only possible by standing in the society for a long time. Therefore, they can't forget about the society.

That means they do for the society but only for their profit.

Yes, they keep customer's need in their mind but why?

Because if they don't take care of customers then, customers will not buy their product.

This means that they have to do for society whether they want or not because only then they can stand for a long time and increase their selling. And this will definitely be profitable.

So, in my opinion, business of business is the business.

I disagree with the above. Statement. Because business itself doesn't means earning. Profitis are the outcomes of a successful business. But for building a proper succeeding market to a product the company must satisfy the customer. If initially the customers are fulfilled. With a product. Then they definitely doesn't step backwards in investing a much more price next time. Which indeed brings profits for the company and demand for the products. Hence as far. As I am concerned businesses is about earning trust of buyers and slowly expanding its roots for more profit.

Well gentlemen, I beg to disagree with those of us going in favor of this because business means transaction of product or services against money for earning profit. That is appropriate but turns devastating when 'Profit' becomes the sole purpose or business of BUSINESS.

For instance, our company is selling our own manufactured LED bulbs in very low prices in a country where these bulbs were rarely known and ultramodern. Our market now is on the way to touch new height of sales, but we are constantly ignoring the technical faults, complained by customer. Imagine what'll happen, soon we'll lose our potential market. Therefore QUALITY is important.

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.

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.

Hello friends.

In my view, business of business is not only for business, because every organisation's vision is to sustain in market for a long term, for that they must satisfy the customer needs. So the organisation's first motive is to satisfy the needs of the customers, then automatically the profit will increase. So the corporate social responsibilities are important for all organisation then only the people are impressed. Then the organisation may easily achieve the brand equity.

I think for all company is doing only business. They do something by the name of social responsibility it is not a social responsibility it is only a new idea of advertisement. If they understand social responsibility in such a way, they introduce minimum one product with no profit or very less profit for all mankind. Example parle-g product is available in 4-5 rupees last many years (40-45 rupees/Kg).

Hello friends. !

Yeah business of business is obviously a business, as nowadays company main motive is to earn profit instead of taking care of customer needs. Ya I agree companies made products as per customer demand but not because they concerned about providing best facilities to them but instead because they have to earn profit as much as possible.

The ultimate goal of every Business is to make profit. Since inception of the term "business" implied gain or profit. Without profit no business is sustainable or viable. Ensuring customer satisfaction, quality products are some of the procedures of making the business successful and ultimate measurement of the success in business is profit.

Business of business only business, yes, No body starts a business for charity. For example I launch a new product in the market and for advertisement purpose I distributed free samples or a 50% discount. Its a business strategy. But every time we don't go for it. Its an initial offer to try our quality of product which is suited to to you or not. If consumer fells good then they go for it and purchase it further. But business ethics is necessary. Its grows the faith of the customer for company.