Question

In: Economics

Hi, What is in your opinion behalf on my below messages about related to Importance of...

Hi,

What is in your opinion behalf on my below messages about related to Importance of Business in Society?

The business provides an advantage by organizing people who can set the right goals and by placing the right people in the correct position who can see those goals out to completion to be able to compete in a much stronger way then any single person could. I believe this is very helpful to society for the reason that many people who are looking for employment to be able to provide for themselves and/or their family may only have a specific skill to where alone its hard to capitalize on while being a part of a business would allow them to have a much easier time being able to focus on the skill that person may excel at. For example, someone amazingly skilled with their hands in something like engines may not have any social skills but working for business would allow them to do what they are best at and be able to leave what they are most weak at to others who have that strength.

                I think business can be critical to society down to how a specific organization is viewed and views themselves. The presence of particular business styles from chain ran corporations to the mom and pop individually owned shops can affect a society’s caricature while many large companies will create a positive self-image through charity donations and efforts towards conservation on a large scale. Local companies involve themselves in helping their society to create a positive self-image through being involved hands-on in the community they sell or provide services to. While one is large scale and one is more personal, I think both types of positive self-imaging efforts have a positive effect on society and how they feel.

Thanks,

Michelle

Solutions

Expert Solution

It’s really appealing and encouraging that you have such an opinion about the whole topic. It’s sufficiently good but you can still add some points about the importance of business in the society.

Here are 3 basic points that you could add:

  1. Corporate do contribute to their CSR (Corporate Social Responsibility). It is their compulsory duty towards the society under which they help the society to grow in one way or another. Basically, the companies devote a share of their profits towards the betterment of the society.

  1. Businesses wok for their shareholders. This is something that government can’t do. Thus, businesses actually are making those people who invest rich.

  1. Having multiple businesses creates competition and this creates the need for introduction or updation of new technology. This in turn profits themselves as well as customers. Themselves because they’ll be able to produce at lower costs and customers because they’ll have their products at cheaper prices.

Related Solutions

Express your opinion about the importance of community-based tourism in India. Defend your opinion by referring...
Express your opinion about the importance of community-based tourism in India. Defend your opinion by referring to this article.
In your opinion, what is the importance of studying soil mechanics?       Justify your opinion by giving...
In your opinion, what is the importance of studying soil mechanics?       Justify your opinion by giving any two practical examples.
My opinion about topic, group and presentation My opinion about topic : This subject very interesting...
My opinion about topic, group and presentation My opinion about topic : This subject very interesting and useful for me. I have been wanting to study this field for a long time but due to I was busy at university and so on, I could not. When I saw this subject on the table, I was surprised and chose to read and make report for it. Such studies, which paly an important role in my life, are very important for...
What is your opinion about the widespread use of Ritalin in children for ADHD-related symptoms? Do...
What is your opinion about the widespread use of Ritalin in children for ADHD-related symptoms? Do you think it is over-prescribed? What treatment methods would you want to consider if your child were diagnosed with ADHD?
Document your opinion about gun policy Reform related to mental illness.
Document your opinion about gun policy Reform related to mental illness.
Document your opinion about gun policy Reform related to mental illness.
Document your opinion about gun policy Reform related to mental illness.
Before reading these articles, state your current knowledge and opinion about the importance of pollinators to...
Before reading these articles, state your current knowledge and opinion about the importance of pollinators to plants and other organisms such as humans. Then read about from the websites of Colony collapse of bees and colony collapse disorder. Then answer the following questions: Define colony collapse disorder. and why we should be concerned. If you do not think this is a concern state your evidence for this opinion as well. Are you surprised by the economic impact of colony collapse...
“What, in your opinion, is the importance of a performance management system and how would the...
“What, in your opinion, is the importance of a performance management system and how would the knowledge and skills you have acquired about the performance management system in this course help you in your career as an effective manager? Use your personal examples to illustrate your reflections.”
1) What is the importance of positive messaging? How can you convey positive messages about yourself...
1) What is the importance of positive messaging? How can you convey positive messages about yourself in your professional communications? In your Final Portfolio? Share a tactic you can use to improve your positive messaging or tone?
what is your opinion about demand and economy supply?
what is your opinion about demand and economy supply?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT