The Role of Business in Society Essay Example | Topics and Well Written Essays - 1000 words

The Role of Business in Society - Essay ExampleThus, the individuals that forward motion decisions in this perspective feel that ethics in business is vital for maximum profits.In addition, decisions quarter be overlooked from the stakeholders point of view. In incorporate social responsibility many firms make decisions and consider the interests and needs of the companys stakeholders. This does not just base on the financial stake of the transcriptions losses and profits. The various organizations which approach to vital issues in a firm from the perspectives of the stakeholders consider how the decisions have an impact to the people outside and inside the organization. The stakeholders can either affect or be affected by the decisions and actions of a particular firm. Though the shareholders are stakeholders, they are not the only ones. Furthermore, other stakeholders accommodate customers, suppliers, employees and competitors. In decision making, the stake holders make decisi ons that favor the affected parties.The managers are very vital in the decisions of the firm as they establish the ethical tone. The managers tell the view of the employees on profits. They set the recommended by the employees in ethical operation of the company. In the perspectives of the managers they set the business environment that encourages the other employees. For the company to operate in an ethical manner, the managers come up with decisions that encourage the employees to behave ethically. Therefore, the manager lead well to serve as an example to the employees.Business firms are supposed to evaluate their weaknesses and strengths in responding to the opportunities and threats in the environment. The marketing objectives of most businesses aim at improving and increasing the satisfaction of the customer or increasing the sales. In contrary at that place are several constrains that can hinder the business from proceeding. This