Business Purpose Report: Exploring Business Purpose and Strategy

This report delves into the core purpose of business, emphasizing the role of social enterprises in fostering sustainable practices. It highlights the importance of corporate social responsibility (CSR) and its impact on business operations. The report examines the significance of employee motivation and contributions in achieving business goals and discusses the need for strategic thinking and adaptability in response to changing opinions and market dynamics. Furthermore, it explores the challenges faced by businesses and the necessity of addressing these issues to enhance strategic decision-making. The report also stresses the importance of being dynamic and open to changing opinions to ensure long-term success. It references articles on social entrepreneurship and CSR to support its arguments and provides insights into the evolving landscape of business.

WHAT IS THE PURPOSE
OF BUSINESS?

TABLE OF CONTENTS
THE PUROPOSE OF BUSINESS..................................................................................................1
Practicing the art of being respectful...........................................................................................1
Encouraging individual for contributing.....................................................................................1
Carefully listing to peers..............................................................................................................1
Being dynamic in changing opinion............................................................................................1
REFERENCES................................................................................................................................2

THE PUROPOSE OF BUSINESS
In the current era, UK has been developed with the influences of more than 1/3rd of
organisations are social enterprises. Among them, majority are younger and have less then 3
years of their operations. Rapid growth of such sector had reflected the positivity in terms of
increasing the public welfare. On the other side, theses industries seek for adequate amount of
funding which will help them in operational activities.
Practicing the art of being respectful
To retain a sustainable growth there will be requirement of bringing effective operational
practices while considering the corporate social responsibility of industry (The Role of Social
Entrepreneurship in Sustainable Business, 2013). Thus, a social enterprise has to be attentive
towards analysing buyer’s wants and needs as well as bring them sustainable gains for long term
operation.
Encouraging individual for contributing
A business will have sustainable growth as per adequate operational administration as well
as increment in work practices (CSR or social enterprise: which has more social impact, 2014).
Contribution of workforce or the partners which are involved in work practices will help industry
in reaching towards attaining goals. Motivation can bring rise in efforts and efficiency of
employees which improves work commitment as well as growth of enterprise.
Carefully listing to peers
Challenges and issues have to be undertaken by the professionals of enterprise which will
motivated the strategic thinking and ability to make decision. Loopholes of poor reviews will
reflect in reframing business practices in a favourable manner.
Being dynamic in changing opinion
Along, with waiting for reviews there is need to be attentive towards being dynamic and ready
for changing opinions. These can result in retaining sustainable success to a business.
1

REFERENCES
Online
CSR or social enterprise: which has more social impact. 2014. [Online]. Available through :<
https://www.theguardian.com/social-enterprise-network/2014/mar/25/corporate-social-
responsibility-better-social-business>.
The Role of Social Entrepreneurship in Sustainable Business. 2013. [Online]. Available
through :< https://www.triplepundit.com/2013/09/role-social-entrepreneurship-
sustainable-business/>.
2