Introduction to business Essay Example | Topics and Well Written Essays - 250 words - 1

Introduction to business - Essay ExampleThis simply essence that although one of the objectives of the administration is the generation of profits, organizations must include other relevant goals that would be beneficial to other stakeholders the employees, customers, suppliers, investors, establishment agencies, and to the society, as a whole. These goals could include ensuring that the organizations operations and production of products or services are consistent with the need to protect the environment and comply with quality standards imposed by government regulatory bodies. Likewise, it could also be indicative of ensuing a satisfactory rate of return to investors, provide good salary, security and proper working consideration to its employees, make available quality products at reasonable price to its consumers, maintain the environment properly (Social Responsibilities of Business 38). By doing all these, in return these several(a) stakeholders would patronize the organiz ations product or services and thereby ensure their continued