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Role of Business in Society

 Role of Business in Society Article

What is the role of business in society?

Last week I took part in a panel discussion that debated " What is the role of business in society”.  I thought you'd be better with interested in what I had to state. My location is simple, the role of business is usually to create wealth. The phrase " wealth" comes from two old British words - " weal" and " th" which means " the condition of well being" or since Robert Kennedy put it " the things that make life well worth living". I might argue that the role of business happens to be the same, to generate and maintain the condition of well being. It can clear that over time society's views and perceptions of business's certificate to operate is promoting but a very important factor has remained central, the travel for success and competitive benefits. We often speak about business as if it is a living entity in its own correct, but business is a community of people, a cross-section of society, ready to accept normal human being frailties - largely motivated by avarice and fear. So with this context, ought to we end up being surprised the fact that shorthand intended for well being is becoming profit, economical return and monetary praise.  The motivation in the Lord Mayor's current effort on rebuilding trust in metropolis points to this matter - its starting point is always to question what motivates organization today; if its target rests on two simple questions, is it legal and is that profitable... organization is unlikely to develop the eco friendly wealth creating engine that is certainly critical for an excellent society. But I impression that the function of business in culture has been questioned at several points in history, particularly while society has created and business - or more particularly business leaders - has been found to be out of sync with general public expectations surrounding this condition of well-being. So over time there have been changing views within society and business about:  whose well being concerns, what type does prosperity take, and just how should prosperity be shared and sent out. When thinking about the purpose of business we must 1st focus on the...

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