Sustainability: A Key Idea for Business and Society

This book provides concise and expert insights into a complex but vital topic in business and beyond, incorporating multi-disciplinary perspectives from sociology to economics and covering key theories without delving into technical detail for each facet of the theme.

\n Format: Paperback / softback
\n Length: 164 pages
\n Publication date: 30 September 2021
\n Publisher: Taylor & Francis Ltd
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Business and society are intrinsically linked, with businesses playing a crucial role in shaping the economic, social, and environmental landscape. From the creation of jobs and the generation of wealth to the provision of goods and services and the promotion of innovation, businesses have a profound impact on the lives of individuals and communities.
Business and society are inextricably intertwined, with businesses assuming a pivotal role in shaping the economic, social, and environmental tapestry. From the birth of employment opportunities and the accumulation of wealth to the provision of goods and services, as well as the fostering of innovation, businesses wield a profound influence on the well-being of individuals and communities.

The intricate relationship between business and society is characterized by a myriad of interdependencies and complexities. Businesses, as economic entities, are driven by the pursuit of profit and growth, necessitating their engagement with the market and the broader society. In this pursuit, businesses must navigate a complex web of regulations, social norms, and ethical considerations, ensuring that their actions align with societal values and promote the common good.

At the same time, society is shaped by the actions of businesses, as they provide the goods and services that underpin our daily lives. They create employment opportunities, stimulate economic growth, and contribute to the overall well-being of individuals and communities. However, businesses also have a responsibility to address social and environmental challenges, such as pollution, inequality, and climate change, recognizing that their operations have far-reaching consequences.

One of the key theories that underpin the relationship between business and society is the concept of corporate social responsibility (CSR). CSR refers to the ethical and sustainable practices that businesses adopt to address their social and environmental impact. It encompasses a range of activities, such as environmental conservation, social welfare programs, and fair labor practices, aimed at promoting the well-being of both the business and the broader society.

Another important aspect of the relationship between business and society is the role of government regulation. Governments play a critical role in shaping the business environment, setting rules and regulations that govern the operations of businesses. These regulations are designed to protect consumers, workers, and the environment, ensuring that businesses operate in a fair and responsible manner.

However, the relationship between business and society is not without its challenges. Businesses can face pressure from various stakeholders, including consumers, workers, and environmentalists, who may advocate for more ethical and sustainable practices. At the same time, businesses may also face challenges related to competition, globalization, and technological change, which can impact their operations and strategies.

In conclusion, the relationship between business and society is a complex and multifaceted one. Businesses play a crucial role in shaping the economic, social, and environmental landscape, while society is shaped by the actions of businesses. The concept of corporate social responsibility and government regulation are key tools for promoting ethical and sustainable practices, ensuring that businesses operate in a manner that benefits both the business and the broader society. However, the relationship is not without its challenges, and businesses must continue to adapt and evolve to meet the changing needs and expectations of their stakeholders.

\n Weight: 266g\n
Dimension: 154 x 234 x 15 (mm)\n
ISBN-13: 9780367077020\n \n