Businesses and Society Essay Example | Topics and Well Written Essays - 1000 words - 15

Businesses and Society - Essay Example As the paper outlines they also need to meet other expenses such as food as well as other related bills from this same income. Against this backdrop, it can be noted that the basic problem addressed is that elderly people remain citizens of their given communities and they should be honoured and cushioned from paying high prices especially on drugs that are meant to save their lives from threatening diseases. The main concepts being addressed here include the issue of corporate social responsibility (CSR) and that of morality which derives from the concept of ethics. There is need to balance the needs of the people in the society and the need for businesses to be profitable in a moral fashion. This paper highlights that Strydom suggests that â€Å"Social responsibility is the concept that maintains that businesses are part of the larger society in which they exist and are accountable to the society for their operations.† In other words, there is need for the organisations to strike a fine balance between the needs and interests of customers, needs of the environment and the need for businesses to realise their financial goals. This goes hand in hand with the concept of ethics, which is loosely defined as an attempt to distinguish between something that is morally good from bad. The issues of morality and social responsibility have gained prominence especially with regards to the ways businesses operate. There is need for businesses to establish goodwill with the values and norms of any given society it would be operating in as a way of promoting mutual understanding. The success of any given company would be determined by its willingness to observe the social norms of the areas it would be operating in.