Social objectives of a business

Social objectives of a business

Every business starts with some objectives. These objectives always define the path or way of business. It also includes future steps and decision according to the demand of the future. Mostly, we found two types of business objectives – economic and social objectives. In economic objectives, we mention economic gain or profit making, production of goods and services, making market share etc. In current environment, every business has some social responsibility/objectives also like employee relationship, customer satisfaction & mix activity for society etc.

Social objectives of a business

                                                                

Every business has two type of environment from a business point of view. In Internal-environment, we include like man power, machine or capital goods, financial & technological resources. Naturally, if these are not in a manner, no business gets its goal or economical gain. In external environment, we include like economical factor, political factor, social & technical factor. These factors also play an important role while making business objective or economic-gain policy. So businesses always try to adopt a policy in which have profits with social objective.

Some social objective are: -

ü  Every business tries to make a maximum economical gain or making profit but at the same time, he must follow the rule & low passed by the Government.

ü  Moral standard must be maintained or increased in the society by business activity, it also include internal and environment.

ü  Safety features and working condition must have a standard.

ü  Accept responsibility for solving problems faced by individual and society also

ü  Share public interested information with society and take idea to improve it.