Question

Society often expects a lot from business. Do you think that it is possible to balance profit and other business objectives with the goals and desires of society

Answer 1

Answer:

Yes, it is possible to balance profit and other business objectives with the goals and desire of society.

Explanation:

The primary reasons why businesses are in operation is to make profit. While there are other business objectives like capture a bigger market, provide better customer service, improve efficiency and employee trainings etc. yet its main aim is to make profit.

Ideally, societies would always expect a lot from businesses in terms of social responsibilities because they believe the profit made by businesses emanates from the society; through the purchase of their produce. Where there is no society, there would be no business.

Again, as a corporate and law abiding businesses, it is expected of them to give back to the society within which it operates because that is where the business generates profit to cover its running cost hence should be able to balance between what the society expect from them and what its business objectives are.