Is the Business of Business only Business?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.