Role Of Business In Business

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“The responsibility to society is that of government; certainly not that of business” Discuss the role of business in the social development of the communities in which they operate.
Corporate Social Responsibility, More Than Charity Work an article written by Don Wehby where he stated that “all companies have obligations to the society and environment in which they operate that go beyond simply following the law”. The responsibility of social development is a share responsibility of government, citizens and the businesses that operate in these communities. According to Investopedia.com social responsibility is the idea that businesses should balance profit-making activities with activities that benefit society; it involves developing businesses with a positive relationship to the society in which they operate. The relationship to the society and environment in which businesses operate is a critical factor in their ability to continue to operate effectively. It is also increasingly being used as a measure of their overall performance.
According to ***** until the 1960s, profit maximization was considered the primary business goal. However, in the 1970s and 1980s, due to the higher intensity of globalization, IT development, higher level of people’s education, strengthening of associations for the protection of human rights, associations for environment protection, and so on, pressures increased for companies to start doing business while considering the well-being of the

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