Relationship of Business and Society and Need for Management
There is an obvious and symbolic relationship between business and society that has continued to exist from the very beginning of evolution of us, the humans. Being a social creature, we all like to be included in a group of people like us that makes one feel the sense of being with others and having a discussion b exchange of ideas. This paradigm continues to exist in all forms of our societal meetings that include business, family and other formal and informal groups.
Thus we can say that human beings are social elements and like to be with others like them. This makes the foundation of strong connection between business and society. Thus it’s important to consider the social factors for efficient functioning of the operations of an organization.
The fact that has the underlying importance here is that the business is about relationships and a successful firm is the one that is able to build good and long-lasting relationships with its customers. Their is a lot of competition in market today in every field thus it’s important to maintain good relationships with customers so that there stay bonded with the firm even when some one else offers them better services at much cheaper price. Thus efforts that are put in building good relationships with customers are worth it all.
In firms, there are special departments that are formed just for maintenance of good relationships with the customers and also among the employees in the firm and also good relationships are needed to exist with the management committee at the topmost level in the firm.
Thus the importance of relationship between business and society is not hidden from anyone and is well evident everywhere and the firms today need to focus at this aspect more than anything else to ensure success.
Education Analyst Anuj Invites you to bank exams information portal also consisiting of helpful info on executive mba in india.
Processing your request, Please wait....
