Business and Society Essay Example | Topics and Well Written Essays - 2000 words

Business and Society - Essay Example Every company has got a certain number of stakeholders who play a crucial role in the growth of the company. Therefore the companies should make serious attempts to make sure that the stakeholders can also have a good growth and have good economic and social conditions. I believe that the laws that are been made by the different governments of different countries focusing on the welfare of the human beings and the society are to be followed by the company strictly so that they don’t face any kind of legal obligations. The stakeholders for the company are owners, suppliers, customers, local community, employees and management. But I think increase in welfare of the stakeholders is possible only when the cycle is been completed that is the company also in return does help the stakeholders in their growth and for having a good and happy life. The owners of the company give their money and have financial stake in the company in the form of stocks and bonds and they also expect that they get some kind of financial return from the corporation as well (Freeman, 2005). The employees do give their best and work efficiently for the growth of the company but in return they also look for a good salary and also want to avail some good facilities which can help them in having a good and comfortable life. The company should look to take care of the safety and health of the employees and also of their families. It should provide good educational facilities for the children’s of the employees. I can see that if the company provides such facilities to the employees than the employees feel motivated to work more eff iciently. For any company the suppliers do play a big role as they are the one who supply good quality materials to the company helping them in producing good quality products for the customers. So the company should always make attempts to see that the suppliers also keep growing along with the company and they also