Role of Business in Social and Economic Development

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Role of Business in

Social and Economic


Development
❑ Origins and Roles
of Business
Organizations
❑ Forms and Purpose
of Business
Organizations
❑ Core Principles of
Good Corporate
Governance
❑ Ethical Challenges
in Doing Business
❑ Code of Ethics for
Business
A want is
something that
A need is
you don't
something you
absolutely need
cannot live
but will make
without.
your life a little
better.
the word “entrepreneur” has a French origin and was coined from
the words entre, which means “between”, and prendre which mean
“to take.”
it was used to described a person who undertakes and manages a
business by taking financial risk.
DIVISION
OF LABOR
the separation of
tasks, which allows
an individual to be an
expert in one thing in
order to improve
efficiency of society.
THE CONCEPT
OF A MODERN
CORPORATION
BUSINESS ORGANIZATION

a group of individuals systematically united for the


accomplishment of a common purpose or undertaking for
profit in any of the several ways allowed and regulated
by law.
ROLE OF BUSINESS
ORGANIZATION IN SOCIETY
❑ provide products and services needed.
❑ provide employment.
❑ generate income for government
taxes.
ASSIGNMENT:
❑ Access the Microsoft 365 Teams and click the view
Assignment found in your timeline conversation.
❑ Read the instruction carefully.
❑ Attached a screenshot of your test score
< +ADD WORK >
❑ Change the assignment status from <Not Turned-in >
to <Turn-in>
❑ Due Date: Nov. 20, 2018 Tuesday
❑ Time: 11:59pm

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