The paper "Business and Society" is a wonderful example of a literature review on business. According to Carroll and Buchholtz (2014), across the globe different types of businesses are growing at a fast rate exploring new places. This has lead to growth in the global economic situation as well. It has not only helped the companies with lots of opportunities to explore but has also provided a lot of benefits for society in a huge way. Many companies do try and help in the development of the business in their own way and help in improving the condition of the society in every aspect that they can (Carroll and Buchholtz, 2014, pp.
67-74). The area and what organizations are doing Corporations have tried and helped the stakeholders in every aspect to allow them to grow and develop as well. I can see that the laws which are been made for the betterment of the employees have made the companies be very helpful and take good care of the employees and their families in various ways by providing an educational facility for the children’ s of the employees, for providing health facilities to the employees and their families, etc.
Employees do feel good and motivated to work more efficiently for the company when they find that the company is also looking to take care of them and their families. Consequences of the organization not being/not being socially responsible Various Acts has been made with respect to having clean air and water for the society by the government of different countries has made the companies put constraints on their process so that they don’ t spoil the air or water and allow the people of the society to have a good environment to sustain and live happily.
I feel that the stakeholders in the form of the employees, shareholders, suppliers, local community, and customers are very important for any company. Every member of the stakeholders does help in the growth of the company in their own way and they expect some kind of return from the company as well. Thus I believe that businesses should have a good look over the society and look to get social sustainability in the surroundings.
For example, the suppliers do help a lot to the company in producing quality products, on the other hand, the suppliers expect to get good support from the company so that they can also have continuous growth in their business operations.
Benedict, R. 1993. The Challenge of Cultural Relativism. New York: McGraw-Hill.
Carroll, A and Buchholtz, A. 2014. Business and Society: Ethics, Sustainability, and Stakeholder Management. Stamford: Cengage Learning.
Freeman, E. 2005. A stakeholder Theory of the Modern Corporation. Boston: McGraw-Hill.
Molinsky, A. 2012. Code Switching between cultures. Harvard business review. Vol. 90, (1).