Whom and what is a business for?

Whom and What is a Business for? Student's Name Institutional Affiliation Course Details Instructor's Name Date of Submission The role and the function of business goes beyond the monetary drive. Business is about creating value in the context of and for the benefit of many parties. It is an important point to reflect on when farming the purpose of business to include more than just creating profits for companies to enrich the shareholders. In the past, the role of business organizations has been viewed mainly from the utilitarian perspective, which focused only on its ability to generate the highest possible revenues to its shareholders. People have an idea that any business pursuing a goal of making as much profit as possible tends to engage in questionable practices, hurts the environment, and exploit workers. Otherwise, if not addressed, it could lead to possible destruction of the economy and burn the earth to its ground (Kim & Scheller-Wolf, 2022). Every company, enterprise, or organization is oriented towards the creation of value. This value is not only the capacity to generate positive cashflow but also to produce and deliver quality goods and services satisfying customers’ needs and wants. Through advancement of their products, the companies enhance the lives and ha...