The Role of Business in Society

• • The main purpose of a business is to create wealth. It has to innovate and deliver products and services, and use resources in the most efficient manner.
• The purpose of business is to meet the needs of the people. Meeting the needs of the people does not only relate to their customers, it also means meeting the needs of those who do the work, such as the employees. Meeting needs also implies the proper management of people in the supply chain-suppliers, distributors, warehouse personnel, logistics team, and others.
• Businessmen are responsible for meeting the needs of society in the form of taxes, which are used for infrastructures, for building hospitals, schools, and roads, among other facilities.
• Business owners are also responsible to maintain a conducive and ideal place of work where employees spend most of their waking hours