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

Introduction to business - Essay Example This simply means that although one of the objectives of the organization is the generation of profits, organizations must include other relevant goals that would be beneficial to other stakeholders: the employees, customers, suppliers, investors, government agencies, and to the society, as a whole. These goals could include ensuring that the organization’s 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 â€Å"a satisfactory rate of return to investors, provide good salary, security and proper working condition 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 various stakeholders would patronize the organizations’ product or services a nd thereby ensure their continued