Social Responsibilities of Private Sector Businesses Essay

Social Responsibilities of Private Sector Businesses - Essay Example From this paper it i clear that  private enterprises are formed with a basic purpose of generating profits to the shareholders. This is different from organizations in the public and voluntary sectors whose main purpose is not to make profits but to serve the public. This is because the revenues for setting up of setting up organizations in public sector come from the general public through taxation.This study highlights that  public organizations do not prioritize making profit over the quality of services or products offered to the general public. On the other hand, private enterprises prioritize making profits to the shareholders. This is because the revenues used in setting up the organizations come from individuals, who risk their resources in order to get benefits. It is also worth pointing out that employee in the private enterprises work in accordance to the aims of their employers. This means that employees in the private enterprise aim to increase profits while adhering to the society needs that are either set as rules in a country or as a way of promoting good company image to the public. In short, employees in the private enterprise are agents of the owners and whatever they do is based on the desires of the proprietors of the enterprise. While carrying out social responsibilities in the industry, the main aim is to appeal to the public in order to improve business relations and hence better sales of products and services.