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Business Of Business Essay

792 words - 4 pages

1. Business of business
A business is an organisation engaged in the trade of goods, services, or both to consumers.[1] Businesses are predominant in capitalist economies, in which most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned.
The table below shows the businesses of businesses that are general and apply to any sector:
Create shareholder value | Shareholders are prominent of CSR |
A rapidly growing business and CSR | Rather than fuzzy movements for CSR |
Build good relations with customers | Rather than increasing profits |
identify consumer needs or wants | Produce goods ...view middle of the document...

* Religion – a set of beliefs concerning the cause, nature, and purpose of the universe, especially when considered as the creation of a superhuman agency or agencies, usually involving devotional and ritual observances, and often containing a moral code governing the conduct of human affairs.

* Culture - the quality in a person or society that arises from a concern for what is regarded as excellent in arts, letters, manners, scholarly pursuits.

4.stakeholders are A person, group, or organization that has direct or indirect stake in an organisation because it can affect or be affected by the organization's actions, objectives, and policies. Below are the types of stakeholders and their interests in organisations.

Stakeholders | Examples of interests |
Government | taxation, VAT, legislation, low unemployment, truthful reporting |
Employees | rates of pay, job security, compensation, respect, truthful communication |
Trade unions | quality, Staff protection, jobs |
Customers | value, quality, customer care, ethical products. |
Suppliers | providers of products and services used in the end product for the customer, equitable business opportunities |
Community | jobs, involvement, environmental protection, shares, truthful communication |
owners | have interest of the success of his/her business |
Creditors | credit score, new contracts, liquidity |

5. Corporate social responsibility is an initiative taken by businesses to give back to the societies in which they operate in, simply saying thank you to communities for their support.
6. Influential courtyard exists that could rule on issues of...

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