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Starting a Business - Assignment

   

Added on  2020-10-22

8 Pages2535 Words464 Views
CASE STUDY

Table of ContentsINTRODUCTION ..........................................................................................................................3MAIN BODY...................................................................................................................................3CONCLUSION................................................................................................................................7REFERENCES ...............................................................................................................................8

INTRODUCTION Business is one of the activity of making money by selling or buying products and services. A person run their business with the purpose of gaining profit and develop good reputation in marketplace better than the others. Business is a trade, occupation and sale and purchase of product or service to make profit and increase it more and more, farming, house sale and other activities are the example of business. The present report explain the purpose of business, not only making profit but more than it. It clarifies other purpose of business and justify how business work within it.MAIN BODYIn begging or setting new business in marketplace organizations purpose is only making money or increasing profit more and more. But according to the current trends companies need to adhere their business functions with other areas. Firms need to include other features, natures and characteristics in their business that help to run it effectively. Such as-CSR responsibilities- It is corporate social responsibilities of business to allocate part of their profit to develop or improve surroundings. For example, many organizations donate money for well developmentof society and community (Wang and et.al., 2016). They either concern their CSR activities towards children welfare, environment, women care etc. Ethical business and others make corporate social responsibility functions an essential priority in order to boost well-being of economy or society around them. Business work or perform well in CSR where they contribute in many other activities through charity, money donation etc. sustainable financial returns is not has been possible without taking into report aspirations and interests of stakeholders such as employees, society, environment, consumers, this concept is known as CSR. Health and social service organizations efforts to improve community and contribute towards sustainable development. These attempts range from donating money to non profits to implementing eco-friendly policies in work area. Business need to balance their functions and perform just for not making money, but also for the well development of country or state. CSR highlight some facts that business, society and consumers is part of ecosystem and longer term health of this ecosystem will be balanced above all these (Liang and Renneboog, 2017). Social responsibilities is one of the other purpose of business that improve their position in marketplace rather than the

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