How does corporate citizenship state the relationship between business and society?
Corporate citizenship recognizes that businesses have a responsibility to respect the individuals, the community, and the environment in a way that when devising or implementing any rightful business strategy, they will abide by the laws and regulations and adhere to high ethical standards..
What is the difference between society and business?
In addition, society is made up of different religions, cultures, interests, attitudes, and lifestyles.
Business consists of organizations that participate in consumer, industrial, or economic activities for a purpose, such as profit or non-profit means..
What's the relationship between business and society?
In simple terms,business is a subset of society.
The various businesses operating in society play a useful role in the functioning of society in diverse ways such as: —Businesses provide employment to a large number of people. —Larger companies contribute to society in the form of Corporate Social Responsibility (CSR)..
Why is business society important?
Meeting Society's Needs: Goods and Services
The role of business in society is to fulfill the needs and wants of consumers by producing a wide array of goods and services.
They enhance the quality of life by providing essential items such as food, clothing, housing, healthcare, and entertainment..
- Corporate citizenship recognizes that businesses have a responsibility to respect the individuals, the community, and the environment in a way that when devising or implementing any rightful business strategy, they will abide by the laws and regulations and adhere to high ethical standards.
