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VOL. 5, ISSUE 2 (2023)
Need to comprehend social environment for development and growth of modern business enterprises: Indian context
Authors
Sonu Kumar
Abstract
The economic objectives of business can be
realised only by serving the society. Business is an organ of society and it
draws resources from the society. A really successful business can be built
only on the foundation of service to society. If a business firm cares for
different sections of society, profits will flow to it automatically. Social
objectives of business refer to the obligations of business towards customers,
employees and other sections of society. The profits of business represents a
social surplus in which all the stakeholders must be allowed to share in
proportion to their contributions. Accordingly, comprehension of social
environment is necessitated for development and growth of modern business
enterprises.
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Pages:65-68
How to cite this article:
Sonu Kumar "Need to comprehend social environment for development and growth of modern business enterprises: Indian context". International Journal of Finance and Commerce, Vol 5, Issue 2, 2023, Pages 65-68
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