A well planned business is like a well crafted watch. What makes the gears of the chronological marvel slip through time like silk are like values that come together in successfully establishing a business. Ethics, rules, regulations and moral values are some notions that determine the inner workings of a business. Decision making is through ethics and execution is of course by dedication towards success.
Every business operates within social guidelin
es as business is an eternal part of society. So no business or entrepreneur can expect to grow and perform well without keeping in mind its social obligations and responsibilities. According to Edward Freeman , The main objective of a manager should be to maximize profit with due attention to society and keeping in mind the benefit to all the stake holders.
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Wipro , A Multi-National Corporation based in India models for all the business corporations in Asia. Being one of the biggest business empires in the world, they have not forgotten about the morals of business and are carrying out their duties properly. They are one of the very few companies that actually serve the society and make a difference in the world.
Many initiatives taken by Wipro are centered in India. 16 projects across the country are funded from a trust which was formed back in 2003. These projects provide healthcare for people who cannot afford these services and this is being done at large scales that cater to more than 75000 citizens residing across 53 villages. Along with these 5 Indian cities benefit from education based projects. Wipro’s initiatives draw out to the Indian environment and focus on sustainability too where more than a hundred thousand plants and trees are planted cross country eventually increasing the way of life.
Apart from the company’s philanthropic contributions, their chairman, Azim Premji has also done a lot to make a difference in the society. According to reports, he has given away shares worth Rs. 53,000 crore($10.5 billion) in about five years to bankroll philanthropic activities focused on improving the public education system and other critical areas of need in India.
Even though many businesses in today’s world only care about making profits and forget about the morals that make them what they are, there are still a few who like to play within the rules. According to me, Azim Premji and his company Wipro have shown to the world how a business should function.
“Premji Gives Away Half His Wipro Stake for Charity | Mydigitalfc.com.”Premji Gives Away Half His Wipro Stake for Charity | Mydigitalfc.com. N.p., n.d. Web. 17 Sept. 2015. <http://www.mydigitalfc.com/news/premji-gives-away-half-his-wipro-stake-charity-383>.
“Sustainability at Wipro Is All about Good Citizenship.” Wipro Sustainability. N.p., n.d. Web. 17 Sept. 2015. <http://www.wipro.com/about-Wipro/sustainability/>.