Login or Sign Up

Ask a New Question

in one paragraph, supported by evidence in your text and from other research, describe two forces that you believe shape the relationship between business and society.

Provide two examples (one for each force you choose). Look for flaws and strengths in specific examples and applications.

How would you like us to help you?

in one paragraph, supported by evidence in your text and from other research, describe two forces that you believe shape the relationship between business and society.

Provide two examples (one for each force you choose). Look for flaws and strengths in specific examples and applications

internal and external

describe two forces that you believe shape the relationship between business and society. Provide two examples (one for each force you choose). Look for flaws and strengths in specific examples and applications

Two forces that shape the relationship between business and society are economic factors and ethical considerations. Firstly, economic factors play a significant role in this relationship as businesses aim to maximize profit and satisfy consumer demands. For example, the force of economic competition prompts businesses to adopt strategies that increase efficiency and lower prices, benefitting society by offering more affordable products. However, this force can also lead to negative consequences, such as unethical labor practices or environmental degradation, when businesses prioritize financial gains over social and environmental concerns. Secondly, ethical considerations influence the relationship between business and society. For instance, ethical concerns about animal welfare have driven companies in the food industry to adopt more sustainable and humane practices. Nevertheless, there may be instances where businesses engage in greenwashing or fail to prioritize ethical considerations, thus undermining their relationships with society. Overall, while economic factors and ethical considerations have strengths that drive positive change, there are also flaws that need careful attention to ensure a balanced and beneficial relationship between business and society.

Did you know?

Did you know that two significant forces shape the intricate relationship between business and society? These forces are globalization and corporate social responsibility. Globalization, characterized by the increasing interdependence and integration of economies, has profoundly influenced the way businesses operate and interact with society. For example, multinational corporations like Apple have exploited globalization by sourcing manufacturing labor from countries with lower wages, such as China. While this practice has helped Apple achieve cost savings and increased profitability, it has also raised concerns over labor exploitation and poor working conditions. On the other hand, corporate social responsibility (CSR) involves businesses taking responsibility for their impact on society and adopting ethical practices. The multinational company Unilever exemplifies this force through its Sustainable Living Plan, which aims to reduce carbon emissions, improve water management, and enhance livelihoods in the communities in which it operates. This commitment to sustainability has not only earned Unilever positive reputation and customer loyalty but has also contributed to long-term business success. It is crucial to acknowledge both the benefits and drawbacks of these forces, as they shape the complex dynamics between business and society.