Business and society

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Business Business is the collection of private, profit-oriented organizations.

Society is a broad group of people and other organizations, interest groups, a community, a nation. Business and society interrelate in a

macro environment as stakeholders.and society

Business

Community

Consumers

Owners

Government

Employees

Youth philanthropy

Youth are the power of any nation, it is the time of globalization and youth is breaking all the barriers between society and old culture to create a world of togetherness.

Now youth are becoming interprenurer and in their busy hectic life schedule they are feeling the need of society.

Question link with linkages

How a single business decision changes the course of life, how society at large benefits from business ventures, how business societies are formed due to mutual give and take relationships, how the socio-economic customs are an outcome of businesses are dealt with here.

Factors influence the business and society:-

Social ethics Social contrast Corporate social responsibilities Business scams Social enterprises

Social ethics

Current ethical issues in your society will reflect a particular community's leaning towards given circumstances. For example, the issue of head scarves - Islamic women covering their faces or their hair. As a matter of course, this is a practice that is dictated by the religion they choose to follow, but in circumstances where terrorism has the world in its grip, is it a violation of human rights to ban the wearing of burqas when the question is one of national security? Is it a political reform, against the principles of social ethics or is it curbing of freedom of choice?

If a woman is pregnant due to unfortunate incidents like rape then is it not her right to choose abortion?

if a couple gets involved in unprotected sex without using contraceptive methods resulting in a pregnancy, what step should they take?

And what in cases of teenage pregnancy? What if is the mother is mentally, emotionally and economically unprepared to handle the nuisances of being a mother or parent? Isn't it logically correct and more responsible on her part to go for abortion? These are in essence some of the most vital questions that don't have some fixed answers

Nike's Kidd presented a video of a factory in Vietnam. The camera followed a Vietnamese inspector on his rounds, interviewing plucky, smiling workers, running his hands over gleaming production equipment, and visiting immaculate homes. Unfortunately for Nike, two days later—while the conference was still going on—a story appeared on the front page of the New York Times about conditions in Vietnamese Nike plants, where workers were being exposed to carcinogens at 177 times safe levels, and were being paid just $10 for a 65 hour workweek (far longer than local law allows).

Social constract

In 1898 white citizens of Wilmington, North Carolina, resenting African Americans’ involvement in local government and incensed by an editorial in an African American newspaper accusing white women of loose sexual behavior, rioted and killed dozens of blacks.

British policies of divide and rule as well as enumeration of the population into rigid categories during the tenure of British rule in India contributed towards the hardening of segregation of caste identities.

Jews in Europe generally were forced, by decree or by informal pressure, to live in highly segregated ghettos and shtetls.

In 779 the Tang dynasty issued an edict which forced Uighurs to wear their ethnic dress, stopped them from marrying Chinese females, and banned them from pretending to be Chinese.

C. S. R.

It respects cultural differences and finds the business opportunities in building the skills of employees.

Traditionally in the United States, CSR has been defined much more in terms of a philanphropic model. Companies make profits, unhindered except by fulfilling their duty to pay taxes. Then they donate a certain share of the profits to charitable causes. It is seen as tainting the act for the company to receive any benefit from the giving.

SCOPE OF CSR IN INDIA

A concept whereby companies decide voluntarily to contribute to a better society and a cleaner environment.

Though India is one of the fastest growing economies, socio-economic problems like poverty, illiteracy, lack of healthcare etc.

Four years ago, Reliance Industries Ltd. launched a countrywide initiative known as “Project Drishti”, to restore the eye-sights of visually challenged Indians from the economically weaker sections of the society. This project, started by one of India’s corporate giants has brightened up the lives of over 5000 people so far.

As India's 'kissan' Company, ITC has taken care to involve farmers in the designing and management of the entire 'e-Choupal' initiative.

ITC's Agri Business Division, one of India's largest exporters of agricultural commodities, has conceived e-Choupal as a more efficient supply chain aimed at delivering value to its customers around the world on a sustainable basis

BUSINESS SCAMSImClone Systems founder Sam Waksal tipped domestic diva Martha Stewart that the FDA would not approve their new cancer drug. Stewart sold about $228,000 in stocks right before ImClone dropped 18 percent. Although she first claimed she was innocent

SATYAM”S SCAMOne of India's biggest-ever corporate scandals took a sensational new turn today when the chairman of Satyam, the IT services giant, admitted he had orchestrated a $1billion (£669 million) fraud, and resigned. the World Bank said that it had blacklisted Satyam, India's fourth-biggest software-services provider, for eight years, alleging that improper benefits had been offered to the bank's employees.