In: Economics
An entrepreneur is a person who conducts his/ her business being in consistency with the society. It is the duty of all businesses to follow the Corporate social responsibility which includes the betterment of the society along with the conduct of the business.
5 ways to improve the impact of the business on the:
- Environment
- Economic
-Society
1. The business must produce those goods or products which utilize healthy and eco-friendly raw materials as well as the methods to produce the same must be environmentally safe and secure. Eg: the methods of producing plastic products, utilize a harmful raw material, as well as the method for manufacturing the same, is harmful to the environment releasing chemical discharges which are left untreated into the river or in the open. All the more the use of the same final products cause harm to the consumers as well along with the environmental pollution.
2. The waste produced during the manufacturing product must be treated well or recycled, which would add to the usage of the industry being economical as well as would be safe for the environment.
3. Location of the industries must be on the outskirts of the cities so that if there are any harmful releases in the process of production, the society is safe and the treatment of the same would be easier for the industry.