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

Business and auberge - Essay ExampleEvery comp each has got a certain number of stakeholders who play a decisive role in the growth of the company.Therefore the companies should make serious attempts to make sure that the stakeholders can to a fault have a upright growth and have right economic and social conditions. I mean that the laws that ar been made by the different governments of different countries focusing on the welfare of the human beings and the party are to be followed by the company strictly so that they dont face any strain 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 in any case in return does monetary aid 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 com pany 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 clip expeditiously for the growth of the company but in return they also look for a good requital 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 childrens of the employees. I can see that if the company provides such facilities to the employees than the employees feel motivated to work more efficiently.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 co mpany and they also