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.
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| 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: -
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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.
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Moral
standard must be maintained or increased in the society by business activity,
it also include internal and environment.
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Safety
features and working condition must have a standard.
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Accept
responsibility for solving problems faced by individual and society also
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Share
public interested information with society and take idea to improve it.
