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What role does business play in society
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Transcript of What role does business play in society
What role does business play in society?
1: Employ People
Provide people with :• income for living expenses• source of satisfaction and
achievement• sense of identity and pride.
2: Technological change and innovation
• Competition delivers products which are better, cheaper or more convenient
• Technology is the key to– lower costs– improved quality or – the delivery of goods/services
more quickly
3: Choice
• offered to consumers when business sector is healthy and diverse
• where you work, eat, shop and what you buy
• allows people to specialise in what they do and interests pursued
4: Entrepreneurship
• many aspire to run own business
• offers a sense of independence and control
• can achieve dramatic success and build substantial wealth
5: Social Role
• a place where people meet, interact more than anywhere else outside of family
• take people overseas or into situations they otherwise would not experience
6: Basis of a nation’s economy
• A strong economy is built on performance of business
• Business success effects entire society
• Increases wealth and economic activity
Google Office Zurich
Oprah
http://www.neowin.net/news/main/08/10/17/whats-it-like-working-at-google
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Role of BusinessRole of Business