Procter & Gamble and Disposable Diapers Case Studies

. Explain what is meant by the “social contract” between a business and the society in which it operates.

The role of business in an economy is involved in any type of activity that provides goods, services, or both to consumers in an attempt to earn a profit. Business drives up the standard of living of quality and quantity of goods and services available to a population and contributing to the higher quality of life in which is overall sense of well-being experienced by either an individual or a group. Business also helps raise the standard of living through taxes. However businesses do not only provide the products and services that people acquire, but they as well provide job opportunities that people

Lawrence, Anne (2010). Business and Society: Stakeholders, Ethics, Public Policy. 13th Edition. McGraw-Hill Learning Solutions, 2010. VitalBook file. Bookshelf.

The P&G community consists of nearly 98,000 people working in almost 80 countries worldwide. What began as a small, family-operated Soap and Candle Company now provides products and services of superior quality and value to consumers in 140 countries.

The expectation that businesses behave responsibly and positively contribute to society all while pursuing their economic goals is one that holds firm through all generations. Stakeholders, both market and nonmarket, expect businesses to be socially responsible. Many companies have responded to this by including this growing expectation as part of their overall business operations. There are companies in existence today whose sole purpose is to socially benefit society alongside businesses who simply combine social benefits with their economic goals as their company mission. These changes in societal expectations and thus company purpose we’ve seen in the business community over time often blurs the line of what it means to be socially

The author proves the falsehood of the long known assumption that plastic is a threat to our planet. By citing the research done by the U.S. Environmental Protection Agency, the author convinces his readers that not only are plastic bags not harmful as people think, but also beneficial. This surprises his audience and shows them how exaggerated the cries of environmentalists, which gets the readers wondering what else have they falsely believed in and what other information are paper-bags advocates hiding from them, and that pulls them into the argument and intrigues them further. Additionally, Summers lists the harmful consequences of using reusable bags by presenting research results and observations. This alarms the audience and raises concern in their

Listening to Michael Porter speak about the reason why business can be good at solving social problems, the one thing that stuck out for me in his monologue was that business profits from causing social problems. In his view, it is conventional wisdom that business is the problem and the solution is to change how business sees itself. Training, clean drinking water, protection of forests and other good things that bring good to us as a human race, they are the solution to the social problems and can be reached by understanding that when these needs are met, business creates wealth. Business creates wealth and we seek to meet the needs again. It sounds like a circle that keeps rounding and feeding one and the other.

Milton Friedman wrote in his famous 1970’s article in The New York Times Magazine, that “the one and only social responsibility of business, is to increase profits for shareholders.” Milton Friedman's view on business responsibility accentuates the importance of maximizing firm's value. He pointed that the “there is one and only one social responsibility of business –to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engaged in open and free completion without deception or fraud’’ and by taking on the burden of social cost, the business becomes less efficient (Milton Friedman, 1962).

This research question aims to think deeper on the circumstances of the overuse of plastic and paper, and what could happen more to the animals/birds, our environment, and our bodies if consumers keep on using plastic and paper products. This research question should be asked to raise awareness to users and most importantly designers, so they consider using other eco friendly material in designing their products.

Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of living.

Introduction: Have you ever wanted to help the environment, but you just didn’t know how? When we go shopping we see a lot of people carrying bags made of plastic. I must admit; plastic bags can be very convenient at times, but the use of plastic bags has it disadvantages. If you knew about the dangers of the use of plastic bags, then I'm sure you will think twice about using plastic bags and use tote bags instead.

Could you identify any product systems in this product mix? Is the toothpaste considered a shopping, specialty or convenience product? At what conditions, could this product considered a business product? With respect to Scope, do you consider it a "star" or "cash cow"? Why? With respect to the product life cycle of scope, what is the current status of the product? What is your marketing advice at this particular product life cycle stage?

Technological - how the rapid pace of change in production processes and product innovation affect a business.

Through this book, Yunus shows how social business is applied in the current business setting. Yunus also explains how the social business model could redeem the failed promise of the free enterprise model.

Business is loosely defined as buying and selling. However business is both an economic and social activity which is done to acquire wealth and serve the society through the provision of goods and services which the society needs.