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Business is expected to create wealth and employment, while
society is expected to provide a conducive environment for the business to
flourish. The value and ethical standards that a company adopts are the
long-term assets of the organization. There are a number of tasks that a
business has to fulfill to the society. These include the financial task,
political task, environment task, adaptive task, economic task, and social
tasks. Financial tasks include laying down policies and guidelines for the
proper functioning of the financial systems.
The environmental tasks include the responsibility of an organization towards
the environment. With the perceptions of the consumers changing towards products
that are harmful to the environment, companies have to show their concern for
the environment by producing environmentally friendly products. The maintenance
tasks include the involvement of organizations with non-profit organizations in
providing service to the society |
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Short Case Studies / Caselets
