What role does business play in society?

1: Employ People

Provide people with :• income for living expenses• source of satisfaction and

achievement• sense of identity and pride.

2: Technological change and innovation

• Competition delivers products which are better, cheaper or more convenient

• Technology is the key to– lower costs– improved quality or – the delivery of goods/services

more quickly

3: Choice

• offered to consumers when business sector is healthy and diverse

• where you work, eat, shop and what you buy

• allows people to specialise in what they do and interests pursued

4: Entrepreneurship

• many aspire to run own business

• offers a sense of independence and control

• can achieve dramatic success and build substantial wealth

5: Social Role

• a place where people meet, interact more than anywhere else outside of family

• take people overseas or into situations they otherwise would not experience

6: Basis of a nation’s economy

• A strong economy is built on performance of business

• Business success effects entire society

• Increases wealth and economic activity

Google Office Zurich

Oprah

http://www.neowin.net/news/main/08/10/17/whats-it-like-working-at-google

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Role of BusinessRole of Business